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40 Ez Form

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40 Ez Form

40 ez form Publication 584SP - Additional Material Table of Contents This image is too large to be displayed in the current screen. 40 ez form Please click the link to view the image. 40 ez form Pasillo de Entrada (Entrance Hall) This image is too large to be displayed in the current screen. 40 ez form Please click the link to view the image. 40 ez form Sala de Estar (Living Room) This image is too large to be displayed in the current screen. 40 ez form Please click the link to view the image. 40 ez form Comedor (Dining Room) This image is too large to be displayed in the current screen. 40 ez form Please click the link to view the image. 40 ez form Cocina (Kitchen) This image is too large to be displayed in the current screen. 40 ez form Please click the link to view the image. 40 ez form Cuarto de Trabajo (Den) This image is too large to be displayed in the current screen. 40 ez form Please click the link to view the image. 40 ez form Dormitorios (Bedrooms) This image is too large to be displayed in the current screen. 40 ez form Please click the link to view the image. 40 ez form Baños (Bathrooms) This image is too large to be displayed in the current screen. 40 ez form Please click the link to view the image. 40 ez form Cuarto de Recreación/Juegos (Recreation Room) This image is too large to be displayed in the current screen. 40 ez form Please click the link to view the image. 40 ez form Lavadero y Sótano (Laundry and Basement) This image is too large to be displayed in the current screen. 40 ez form Please click the link to view the image. 40 ez form Garaje (Garage) This image is too large to be displayed in the current screen. 40 ez form Please click the link to view the image. 40 ez form Equipo Deportivo (Sporting Equipment) This image is too large to be displayed in the current screen. 40 ez form Please click the link to view the image. 40 ez form Ropa de Hombres (Men's Clothing) This image is too large to be displayed in the current screen. 40 ez form Please click the link to view the image. 40 ez form Ropa de Mujeres (Women's Clothing) This image is too large to be displayed in the current screen. 40 ez form Please click the link to view the image. 40 ez form Ropa de Niños (Children's Clothing) This image is too large to be displayed in the current screen. 40 ez form Please click the link to view the image. 40 ez form Joyería (Jewelry) This image is too large to be displayed in the current screen. 40 ez form Please click the link to view the image. 40 ez form Enseres Eléctricos (Electrical Appliances) This image is too large to be displayed in the current screen. 40 ez form Please click the link to view the image. 40 ez form Artículos de Hilo (Linens) This image is too large to be displayed in the current screen. 40 ez form Please click the link to view the image. 40 ez form Artículos Misceláneos (Miscellaneous) This image is too large to be displayed in the current screen. 40 ez form Please click the link to view the image. 40 ez form vehículos motorizados This image is too large to be displayed in the current screen. 40 ez form Please click the link to view the image. 40 ez form Hogar (Excluyendo su contenido) Hoja de Trabajo A. 40 ez form Costo u Otra Base (Ajustada) Precaución:Vea Instrucciones de la Hoja de Trabajo A antes de usar esta hoja de trabajo. 40 ez form         (a) Parte Personal (b) Parte Comercial/de Alquiler 1. 40 ez form   Anote el precio de compra de la vivienda dañada o destruida. 40 ez form (Si usted presentó el Formulario 2119 cuando en un principio adquirió dicha vivienda para aplazar ganancias provenientes de la venta de una vivienda anterior antes del 7 de mayo de 1997, anote la base ajustada de la vivienda nueva, usando la cantidad que aparece en dicho Formulario 2119). 40 ez form 1. 40 ez form     2. 40 ez form   Puntos pagados por el vendedor para una vivienda comprada después de 1990. 40 ez form No incluya puntos pagados por el vendedor que ya restó para llegar a la cantidad anotada en la línea 1 2. 40 ez form     3. 40 ez form   Reste la línea 2 de la línea 1 3. 40 ez form     4. 40 ez form   Cargos por liquidación o costos de cierre. 40 ez form (Vea Settlement Costs (Costos de Liquidación) en la Publicación 551, en inglés). 40 ez form Si la línea 1 incluye la base ajustada de la vivienda nueva del Formulario 2119, ignore las líneas 4a a la 4g y 5; para entonces pasar a la línea 6. 40 ez form         a. 40 ez form Honorarios por estudios de escritura 4a. 40 ez form       b. 40 ez form Honorarios legales (incluyendo honorarios por trámites relacionados con la escritura y la preparación de documentos) 4b. 40 ez form       c. 40 ez form Estudios topográficos 4c. 40 ez form       d. 40 ez form Seguro de escritura de propietario 4d. 40 ez form       e. 40 ez form Impuestos de traspaso o de sello 4e. 40 ez form       f. 40 ez form Cantidades que el vendedor adeudaba y que usted acordó pagar (impuestos atrasados o intereses, costos de registro o cargos hipotecarios y comisiones sobre las ventas) 4f. 40 ez form       g. 40 ez form Otros gastos 4g. 40 ez form     5. 40 ez form   Sume las líneas 4a a la 4g 5. 40 ez form     6. 40 ez form   Costo de ampliaciones y mejoras. 40 ez form (Vea Increases to Basis (Aumentos en la Base) en la Publicación 551, en inglés). 40 ez form No incluya ninguna de las ampliaciones o mejoras incluidas en la línea 1 6. 40 ez form     7. 40 ez form   Tasaciones tributarias especiales pagadas por concepto de mejoras locales, tales como calles y aceras o banquetas 7. 40 ez form     8. 40 ez form   Otros aumentos en la base 8. 40 ez form     9. 40 ez form   Sume las líneas 3, 5, 6, 7 y 8 9. 40 ez form     10. 40 ez form   Depreciación (permitida o permisible) relacionada con el uso comercial o alquiler de la vivienda 10. 40 ez form 0   11. 40 ez form   Otras disminuciones en la base (Vea Decreases to Basis (Disminuciones en la Base) en la Publicación 551, en inglés). 40 ez form 11. 40 ez form     12. 40 ez form   Sume las líneas 10 y 11 12. 40 ez form     13. 40 ez form   Costo u otra base (ajustada) de la vivienda dañada o destruida. 40 ez form Reste la línea 12 de la línea 9. 40 ez form Anote dicha cantidad aquí y en la línea 2 del Anexo 20 13. 40 ez form     Instrucciones para la Hoja de Trabajo A. 40 ez form Si usted usa la Hoja de Trabajo A para calcular el costo u otra base (ajustada) de su vivienda, siga estas instrucciones. 40 ez form NO utilice esta hoja de trabajo para determinar el costo de su base si adquirió interés de su vivienda por un difunto que falleció en 2010 y el albacea de su caudal hereditario presentó el Formulario 8939. 40 ez form SI. 40 ez form . 40 ez form . 40 ez form   ENTONCES. 40 ez form . 40 ez form . 40 ez form usted heredó su vivienda de un difunto que falleció antes o depués del 2010, o de un difunto que falleció en el 2010 pero la albacea de su caudal hereditario no presentó el Formulario 8939. 40 ez form 1 omita las líneas 1 a la 4 de la hoja de trabajo. 40 ez form 2 encuentre su base utilizando las reglas bajo Inherited Property (Bienes Heredados) en la Publicación 551, en inglés. 40 ez form Anote esta cantidad en la línea 5 de la hoja de trabajo. 40 ez form 3 llene las líneas 6 a la 13 de la hoja de trabajo. 40 ez form usted recibió su vivienda como un regalo (donación) 1 lea Property Received as Gift (Bienes Recibidos como Regalo (Donación)) en la Publicación 551, en inglés, y anote en las líneas 1 y 3 de la hoja de trabajo la base ajustada del donante o el valor justo de mercado de la vivienda en el momento del regalo (donación), lo que proceda. 40 ez form 2 si usted puede sumar algún impuesto federal sobre donaciones a su base, anote esa cantidad en la línea 5 de la hoja de trabajo. 40 ez form 3 llene el resto de la hoja de trabajo. 40 ez form usted recibió su vivienda como un canje por otra propiedad 1 anote en la línea 1 de la hoja de trabajo el valor justo de mercado de la otra propiedad al tiempo del canje. 40 ez form (Pero si usted recibió su vivienda como un canje por su vivienda anterior antes del 7 de mayo de 1997, y tuvo una ganancia en que el canje se aplazó utilizando el Formulario 2119, anote en la línea 1 de la hoja de trabajo la base ajustada de la vivienda nueva que aparece en dicho formulario). 40 ez form 2 llene el resto de la hoja de trabajo. 40 ez form usted construyó su vivienda 1 sume el precio de compra del terreno y el costo de la construcción de la vivienda. 40 ez form Anote ese total en la línea 1 de la hoja de trabajo. 40 ez form (Sin embargo, si usted presentó un Formulario 2119 para aplazar ganancias en la venta de una vivienda anterior antes del 7 de mayo de 1997, anote en la línea 1 de la hoja de trabajo la base ajustada de la vivienda nueva que aparece en dicho formulario). 40 ez form 2 llene el resto de la hoja de trabajo. 40 ez form usted recibió su vivienda de su cónyuge después del 18 de julio de 1984 1 ignore las líneas 1 a la 4 de la hoja de trabajo. 40 ez form 2 anote en la línea 5 de la hoja de trabajo el costo u otra base (ajustada) de su cónyuge en la vivienda justo antes de que usted la haya recibido. 40 ez form 3 llene las líneas 6 a la 13 de la hoja de trabajo, haciendo ajustes a la base solamente por acontecimientos después del traspaso. 40 ez form usted fue dueño de una vivienda conjuntamente con su cónyuge, el cual le traspasó su participación en la misma después del 18 de julio de 1984     llene una hoja de trabajo, haciendo los ajustes a la base por acontecimientos tanto antes como después del traspaso. 40 ez form   usted recibió su vivienda de su cónyuge antes del 19 de julio de 1984 1 ignore las líneas 1 a la 4 de la hoja de trabajo. 40 ez form 2 anote en la línea 5 de la hoja de trabajo el valor justo de mercado de la vivienda cuando usted la recibió. 40 ez form 3 llene las líneas 6 a la 13 de la hoja de trabajo, ajustando la base solamente por acontecimientos después del traspaso. 40 ez form usted fue dueño de una vivienda conjuntamente con su cónyuge, el cual le traspasó su participación en la misma antes del 19 de julio de 1984 1 llene una hoja de trabajo, las líneas 1 a la 13, ajustando la base solamente por acontecimientos antes del traspaso. 40 ez form 2 multiplique la cantidad de la línea 13 de esa hoja de trabajo por 0. 40 ez form 5 para obtener la base ajustada de la mitad de su participación a la hora del traspaso. 40 ez form 3 multiplique el valor justo de mercado de la vivienda a la hora del traspaso por 0. 40 ez form 5. 40 ez form Generalmente, el resultado corresponde a la base de la mitad de la participación de su cónyuge. 40 ez form 4 sume las cantidades de los pasos 2 y 3 y anote el total en la línea 5 de una segunda hoja de trabajo. 40 ez form 5 complete el resto de la segunda hoja de trabajo, ajustando la base solamente por acontecimientos después del traspaso. 40 ez form usted fue dueño de su vivienda conjuntamente con alguien (aparte de cónyuges que presenten una declaración conjunta) 1 llene las líneas 1 a la 13 de la hoja de trabajo. 40 ez form 2 multiplique la cantidad de la línea 13 para obtener la base ajustada suya por el porcentaje de su parte de su participación de la vivienda. 40 ez form Instrucciones para la Hoja de Trabajo A. 40 ez form (Continuación) SI. 40 ez form . 40 ez form . 40 ez form   ENTONCES. 40 ez form . 40 ez form . 40 ez form usted fue dueño de su vivienda conjuntamente con su cónyuge que falleció antes de 2010 y antes de un hecho fortuito 1 llene una hoja de trabajo, las líneas 1 a la 13, incluyendo ajustes a la base solamente por acontecimientos antes del fallecimiento de su cónyuge. 40 ez form 2 multiplique la cantidad de la línea 13 de esa hoja de trabajo por 0. 40 ez form 5 para obtener la base ajustada de la mitad de su participación a la fecha del fallecimiento. 40 ez form 3 calcule la base de la mitad de la participación de su cónyuge. 40 ez form Esto corresponde a la mitad del valor justo de mercado en la fecha del fallecimiento (o la valoración alternativa usada posteriormente para propósitos de los impuestos de sucesiones o caudales hereditarios). 40 ez form (La base de su mitad seguirá siendo la mitad de la base ajustada determinada en el paso 2). 40 ez form 4 sume las cantidades de los pasos 2 y 3 y anote el total en la línea 5 de una segunda hoja de trabajo. 40 ez form 5 complete las líneas 6 a la 13 de la segunda hoja de trabajo, ajustando la base solamente por acontecimientos después del fallecimiento de su cónyuge. 40 ez form usted fue dueño de su vivienda conjuntamente con su cónyuge que falleció antes de 2010 y antes de un hecho fortuito y, su vivienda permanente está en un estado donde rigen las leyes de la comunidad de bienes matrimoniales 1 ignore las líneas 1 a la 4 de la hoja de trabajo. 40 ez form 2 anote la cantidad de su base en la línea 5 de la hoja de trabajo. 40 ez form Generalmente, esto corresponde al valor justo de mercado de la vivienda al momento del fallecimiento. 40 ez form (No obstante, vea Community Property (Comunidad de Bienes Matrimoniales) en la Publicación 551, en inglés, para reglas especiales). 40 ez form 3 llene el resto de la hoja de trabajo, ajustando la base solamente por acontecimientos después del fallecimiento de su cónyuge. 40 ez form usted fue dueño de su vivienda conjuntamente con alguien (que no sean cónyuges que presenten la declaración conjunta) que falleció antes de 2010 y antes de un hecho fortuito 1 llene las líneas 1 a la 13 de la hoja de trabajo, incluyendo ajustes a la base solamente por acontecimientos antes del fallecimiento del codueño. 40 ez form 2 multiplique la cantidad de la línea 13 por el porcentaje de su parte de su participación de la vivienda para obtener la base ajustada suyo en la fecha del fallecimiento. 40 ez form 3 multiplique el valor justo del mercado en la fecha del fallecimiento (o use la valuació alterna usada posteriormente para propositos de los impuestos de sucesiones o caudales hereditarios) por el porcentaje que corresponde a la participación del codueño. 40 ez form Ésta es la base para el interés parcial del codueño. 40 ez form 4 sume las cantidades de los pasos 2 y 3 y anote el total en la línea 5 de una segunda hoja de trabajo. 40 ez form 5 complete las líneas 6 a la 13 de la segunda hoja de trabajo incluyendo ajustes a la base solamente por acontecimientos después del fallecimiento del codueño. 40 ez form alguna vez su vivienda sufrió daños debido a un hecho fortuito anterior 1 en la línea 8 de la hoja de trabajo, anote toda cantidad que haya gastado para restaurar la vivienda a su estado original antes del hecho fortuito anterior. 40 ez form 2 en la línea 11 anote: todo reembolso de seguros que usted haya recibido (o espera recibir) por la pérdida anterior  y toda pérdida por hecho fortuito deducible de años anteriores no cubierta por  su seguro. 40 ez form la persona que le vendió su vivienda pagó puntos sobre su préstamo y usted compró su vivienda después de 1990 pero antes del 4 de abril de 1994   en la línea 2 anote los puntos pagados por el vendedor solamente si usted los dedujo como intereses hipotecarios de la vivienda en el año en que fueron pagados (a no ser que haya utilizado los puntos pagados por el vendedor para reducir la cantidad de la línea 1). 40 ez form la persona que le vendió su vivienda pagó puntos sobre su préstamo y usted compró su vivienda después del 3 de abril de 1994   en la línea 2 anote los puntos pagados por el vendedor aun si usted no los dedujo (a no ser que haya utilizado los puntos pagados por el vendedor para reducir la cantidad de la línea 1). 40 ez form usted usó parte de la propiedad como su vivienda y parte de ella para propósitos comerciales o para generar ingresos de alquiler   usted debe asignar las anotaciones en la Hoja de Trabajo A entre la parte personal (columna (a)) y la parte comercial/de alquiler (columna (b)). 40 ez form no corresponde ninguno de los puntos anteriores   llene completamente la hoja de trabajo. 40 ez 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The 40 Ez Form

40 ez form 8. 40 ez form   Dividends and Other Distributions Table of Contents Reminder Introduction Useful Items - You may want to see: General InformationDividends not reported on Form 1099-DIV. 40 ez form Reporting tax withheld. 40 ez form Nominees. 40 ez form Ordinary DividendsQualified Dividends Dividends Used to Buy More Stock Money Market Funds Capital Gain DistributionsBasis adjustment. 40 ez form Nondividend DistributionsLiquidating Distributions Distributions of Stock and Stock Rights Other DistributionsInformation reporting requirement. 40 ez form Alternative minimum tax treatment. 40 ez form How To Report Dividend IncomeInvestment interest deducted. 40 ez form Reminder Foreign-source income. 40 ez form  If you are a U. 40 ez form S. 40 ez form citizen with dividend income from sources outside the United States (foreign-source income), you must report that income on your tax return unless it is exempt by U. 40 ez form S. 40 ez form law. 40 ez form This is true whether you reside inside or outside the United States and whether or not you receive a Form 1099 from the foreign payer. 40 ez form Introduction This chapter discusses the tax treatment of: Ordinary dividends, Capital gain distributions, Nondividend distributions, and Other distributions you may receive from a corporation or a mutual fund. 40 ez form This chapter also explains how to report dividend income on your tax return. 40 ez form Dividends are distributions of money, stock, or other property paid to you by a corporation or by a mutual fund. 40 ez form You also may receive dividends through a partnership, an estate, a trust, or an association that is taxed as a corporation. 40 ez form However, some amounts you receive that are called dividends are actually interest income. 40 ez form (See Dividends that are actually interest under Taxable Interest in chapter 7. 40 ez form ) Most distributions are paid in cash (or check). 40 ez form However, distributions can consist of more stock, stock rights, other property, or services. 40 ez form Useful Items - You may want to see: Publication 514 Foreign Tax Credit for Individuals 550 Investment Income and Expenses Form (and Instructions) Schedule B (Form 1040A or 1040) Interest and Ordinary Dividends General Information This section discusses general rules for dividend income. 40 ez form Tax on unearned income of certain children. 40 ez form   Part of a child's 2013 unearned income may be taxed at the parent's tax rate. 40 ez form If it is, Form 8615, Tax for Certain Children Who Have Unearned Income, must be completed and attached to the child's tax return. 40 ez form If not, Form 8615 is not required and the child's income is taxed at his or her own tax rate. 40 ez form    Some parents can choose to include the child's interest and dividends on the parent's return if certain requirements are met. 40 ez form Use Form 8814, Parents' Election To Report Child's Interest and Dividends, for this purpose. 40 ez form   For more information about the tax on unearned income of children and the parents' election, see chapter 31. 40 ez form Beneficiary of an estate or trust. 40 ez form    Dividends and other distributions you receive as a beneficiary of an estate or trust are generally taxable income. 40 ez form You should receive a Schedule K-1 (Form 1041), Beneficiary's Share of Income, Deductions, Credits, etc. 40 ez form , from the fiduciary. 40 ez form Your copy of Schedule K-1 (Form 1041) and its instructions will tell you where to report the income on your Form 1040. 40 ez form Social security number (SSN) or individual taxpayer identification number (ITIN). 40 ez form    You must give your SSN or ITIN to any person required by federal tax law to make a return, statement, or other document that relates to you. 40 ez form This includes payers of dividends. 40 ez form If you do not give your SSN or ITIN to the payer of dividends, you may have to pay a penalty. 40 ez form For more information on SSNs and ITINs, see Social Security Number (SSN) in chapter 1. 40 ez form Backup withholding. 40 ez form   Your dividend income is generally not subject to regular withholding. 40 ez form However, it may be subject to backup withholding to ensure that income tax is collected on the income. 40 ez form Under backup withholding, the payer of dividends must withhold, as income tax, on the amount you are paid, applying the appropriate withholding rate. 40 ez form   Backup withholding may also be required if the IRS has determined that you underreported your interest or dividend income. 40 ez form For more information, see Backup Withholding in chapter 4. 40 ez form Stock certificate in two or more names. 40 ez form   If two or more persons hold stock as joint tenants, tenants by the entirety, or tenants in common, each person's share of any dividends from the stock is determined by local law. 40 ez form Form 1099-DIV. 40 ez form   Most corporations and mutual funds use Form 1099-DIV, Dividends and Distributions, to show you the distributions you received from them during the year. 40 ez form Keep this form with your records. 40 ez form You do not have to attach it to your tax return. 40 ez form Dividends not reported on Form 1099-DIV. 40 ez form   Even if you do not receive Form 1099-DIV, you must still report all your taxable dividend income. 40 ez form For example, you may receive distributive shares of dividends from partnerships or S corporations. 40 ez form These dividends are reported to you on Schedule K-1 (Form 1065), Partner's Share of Income, Deductions, Credits, etc. 40 ez form , and Schedule K-1 (Form 1120S), Shareholder's Share of Income, Deductions, Credits, etc. 40 ez form Reporting tax withheld. 40 ez form   If tax is withheld from your dividend income, the payer must give you a Form 1099-DIV that indicates the amount withheld. 40 ez form Nominees. 40 ez form   If someone receives distributions as a nominee for you, that person should give you a Form 1099-DIV, which will show distributions received on your behalf. 40 ez form Form 1099-MISC. 40 ez form   Certain substitute payments in lieu of dividends or tax-exempt interest received by a broker on your behalf must be reported to you on Form 1099-MISC, Miscellaneous Income, or a similar statement. 40 ez form See Reporting Substitute Payments under Short Sales in chapter 4 of Publication 550 for more information about reporting these payments. 40 ez form Incorrect amount shown on a Form 1099. 40 ez form   If you receive a Form 1099 that shows an incorrect amount (or other incorrect information), you should ask the issuer for a corrected form. 40 ez form The new Form 1099 you receive will be marked “Corrected. 40 ez form ” Dividends on stock sold. 40 ez form   If stock is sold, exchanged, or otherwise disposed of after a dividend is declared but before it is paid, the owner of record (usually the payee shown on the dividend check) must include the dividend in income. 40 ez form Dividends received in January. 40 ez form   If a mutual fund (or other regulated investment company) or real estate investment trust (REIT) declares a dividend (including any exempt-interest dividend or capital gain distribution) in October, November, or December, payable to shareholders of record on a date in one of those months but actually pays the dividend during January of the next calendar year, you are considered to have received the dividend on December 31. 40 ez form You report the dividend in the year it was declared. 40 ez form Ordinary Dividends Ordinary (taxable) dividends are the most common type of distribution from a corporation or a mutual fund. 40 ez form They are paid out of earnings and profits and are ordinary income to you. 40 ez form This means they are not capital gains. 40 ez form You can assume that any dividend you receive on common or preferred stock is an ordinary dividend unless the paying corporation or mutual fund tells you otherwise. 40 ez form Ordinary dividends will be shown in box 1a of the Form 1099-DIV you receive. 40 ez form Qualified Dividends Qualified dividends are the ordinary dividends subject to the same 0%, 15%, or 20% maximum tax rate that applies to net capital gain. 40 ez form They should be shown in box 1b of the Form 1099-DIV you receive. 40 ez form The maximum rate of tax on qualified dividends is: 0% on any amount that otherwise would be taxed at a 10% or 15% rate. 40 ez form 15% on any amount that otherwise would be taxed at rates greater than 15% but less than 39. 40 ez form 6%. 40 ez form 20% on any amount that otherwise would be taxed at a 39. 40 ez form 6% rate. 40 ez form To qualify for the maximum rate, all of the following requirements must be met. 40 ez form The dividends must have been paid by a U. 40 ez form S. 40 ez form corporation or a qualified foreign corporation. 40 ez form (See Qualified foreign corporation , later. 40 ez form ) The dividends are not of the type listed later under Dividends that are not qualified dividends . 40 ez form You meet the holding period (discussed next). 40 ez form Holding period. 40 ez form   You must have held the stock for more than 60 days during the 121-day period that begins 60 days before the ex-dividend date. 40 ez form The ex-dividend date is the first date following the declaration of a dividend on which the buyer of a stock is not entitled to receive the next dividend payment. 40 ez form Instead, the seller will get the dividend. 40 ez form   When counting the number of days you held the stock, include the day you disposed of the stock, but not the day you acquired it. 40 ez form See the examples later. 40 ez form Exception for preferred stock. 40 ez form   In the case of preferred stock, you must have held the stock more than 90 days during the 181-day period that begins 90 days before the ex-dividend date if the dividends are due to periods totaling more than 366 days. 40 ez form If the preferred dividends are due to periods totaling less than 367 days, the holding period in the previous paragraph applies. 40 ez form Example 1. 40 ez form You bought 5,000 shares of XYZ Corp. 40 ez form common stock on July 9, 2013. 40 ez form XYZ Corp. 40 ez form paid a cash dividend of 10 cents per share. 40 ez form The ex-dividend date was July 16, 2013. 40 ez form Your Form 1099-DIV from XYZ Corp. 40 ez form shows $500 in box 1a (ordinary dividends) and in box 1b (qualified dividends). 40 ez form However, you sold the 5,000 shares on August 12, 2013. 40 ez form You held your shares of XYZ Corp. 40 ez form for only 34 days of the 121-day period (from July 10, 2013, through August 12, 2013). 40 ez form The 121-day period began on May 17, 2013 (60 days before the ex-dividend date), and ended on September 14, 2013. 40 ez form You have no qualified dividends from XYZ Corp. 40 ez form because you held the XYZ stock for less than 61 days. 40 ez form Example 2. 40 ez form Assume the same facts as in Example 1 except that you bought the stock on July 15, 2013 (the day before the ex-dividend date), and you sold the stock on September 16, 2013. 40 ez form You held the stock for 63 days (from July 16, 2013, through September 16, 2013). 40 ez form The $500 of qualified dividends shown in box 1b of your Form 1099-DIV are all qualified dividends because you held the stock for 61 days of the 121-day period (from July 16, 2013, through September 14, 2013). 40 ez form Example 3. 40 ez form You bought 10,000 shares of ABC Mutual Fund common stock on July 9, 2013. 40 ez form ABC Mutual Fund paid a cash dividend of 10 cents a share. 40 ez form The ex-dividend date was July 16, 2013. 40 ez form The ABC Mutual Fund advises you that the portion of the dividend eligible to be treated as qualified dividends equals 2 cents per share. 40 ez form Your Form 1099-DIV from ABC Mutual Fund shows total ordinary dividends of $1,000 and qualified dividends of $200. 40 ez form However, you sold the 10,000 shares on August 12, 2013. 40 ez form You have no qualified dividends from ABC Mutual Fund because you held the ABC Mutual Fund stock for less than 61 days. 40 ez form Holding period reduced where risk of loss is diminished. 40 ez form   When determining whether you met the minimum holding period discussed earlier, you cannot count any day during which you meet any of the following conditions. 40 ez form You had an option to sell, were under a contractual obligation to sell, or had made (and not closed) a short sale of substantially identical stock or securities. 40 ez form You were grantor (writer) of an option to buy substantially identical stock or securities. 40 ez form Your risk of loss is diminished by holding one or more other positions in substantially similar or related property. 40 ez form   For information about how to apply condition (3), see Regulations section 1. 40 ez form 246-5. 40 ez form Qualified foreign corporation. 40 ez form   A foreign corporation is a qualified foreign corporation if it meets any of the following conditions. 40 ez form The corporation is incorporated in a U. 40 ez form S. 40 ez form possession. 40 ez form The corporation is eligible for the benefits of a comprehensive income tax treaty with the United States that the Treasury Department determines is satisfactory for this purpose and that includes an exchange of information program. 40 ez form For a list of those treaties, see Table 8-1. 40 ez form The corporation does not meet (1) or (2) above, but the stock for which the dividend is paid is readily tradable on an established securities market in the United States. 40 ez form See Readily tradable stock , later. 40 ez form Exception. 40 ez form   A corporation is not a qualified foreign corporation if it is a passive foreign investment company during its tax year in which the dividends are paid or during its previous tax year. 40 ez form Readily tradable stock. 40 ez form   Any stock (such as common, ordinary, or preferred) or an American depositary receipt in respect of that stock is considered to satisfy requirement (3) under Qualified foreign corporation , if it is listed on a national securities exchange that is registered under section 6 of the Securities Exchange Act of 1934 or on the Nasdaq Stock Market. 40 ez form For a list of the exchanges that meet these requirements, see www. 40 ez form sec. 40 ez form gov/divisions/marketreg/mrexchanges. 40 ez form shtml. 40 ez form Dividends that are not qualified dividends. 40 ez form   The following dividends are not qualified dividends. 40 ez form They are not qualified dividends even if they are shown in box 1b of Form 1099-DIV. 40 ez form Capital gain distributions. 40 ez form Dividends paid on deposits with mutual savings banks, cooperative banks, credit unions, U. 40 ez form S. 40 ez form building and loan associations, U. 40 ez form S. 40 ez form savings and loan associations, federal savings and loan associations, and similar financial institutions. 40 ez form (Report these amounts as interest income. 40 ez form ) Dividends from a corporation that is a tax-exempt organization or farmer's cooperative during the corporation's tax year in which the dividends were paid or during the corporation's previous tax year. 40 ez form Dividends paid by a corporation on employer securities held on the date of record by an employee stock ownership plan (ESOP) maintained by that corporation. 40 ez form Dividends on any share of stock to the extent you are obligated (whether under a short sale or otherwise) to make related payments for positions in substantially similar or related property. 40 ez form Payments in lieu of dividends, but only if you know or have reason to know the payments are not qualified dividends. 40 ez form Payments shown in Form 1099-DIV, box 1b, from a foreign corporation to the extent you know or have reason to know the payments are not qualified dividends. 40 ez form Table 8-1. 40 ez form Income Tax Treaties Income tax treaties the United States has with the following countries satisfy requirement (2) under Qualified foreign corporation. 40 ez form Australia Indonesia Romania Austria Ireland Russian Bangladesh Israel Federation Barbados Italy Slovak Belgium Jamaica Republic Bulgaria Japan Slovenia Canada Kazakhstan South Africa China Korea Spain Cyprus Latvia Sri Lanka Czech Lithuania Sweden Republic Luxembourg Switzerland Denmark Malta Thailand Egypt Mexico Trinidad and Estonia Morocco Tobago Finland Netherlands Tunisia France New Zealand Turkey Germany Norway Ukraine Greece Pakistan United Hungary Philippines Kingdom Iceland Poland Venezuela India Portugal     Dividends Used to Buy More Stock The corporation in which you own stock may have a dividend reinvestment plan. 40 ez form This plan lets you choose to use your dividends to buy (through an agent) more shares of stock in the corporation instead of receiving the dividends in cash. 40 ez form Most mutual funds also permit shareholders to automatically reinvest distributions in more shares in the fund, instead of receiving cash. 40 ez form If you use your dividends to buy more stock at a price equal to its fair market value, you still must report the dividends as income. 40 ez form If you are a member of a dividend reinvestment plan that lets you buy more stock at a price less than its fair market value, you must report as dividend income the fair market value of the additional stock on the dividend payment date. 40 ez form You also must report as dividend income any service charge subtracted from your cash dividends before the dividends are used to buy the additional stock. 40 ez form But you may be able to deduct the service charge. 40 ez form See chapter 28 for more information about deducting expenses of producing income. 40 ez form In some dividend reinvestment plans, you can invest more cash to buy shares of stock at a price less than fair market value. 40 ez form If you choose to do this, you must report as dividend income the difference between the cash you invest and the fair market value of the stock you buy. 40 ez form When figuring this amount, use the fair market value of the stock on the dividend payment date. 40 ez form Money Market Funds Report amounts you receive from money market funds as dividend income. 40 ez form Money market funds are a type of mutual fund and should not be confused with bank money market accounts that pay interest. 40 ez form Capital Gain Distributions Capital gain distributions (also called capital gain dividends) are paid to you or credited to your account by mutual funds (or other regulated investment companies) and real estate investment trusts (REITs). 40 ez form They will be shown in box 2a of the Form 1099-DIV you receive from the mutual fund or REIT. 40 ez form Report capital gain distributions as long-term capital gains, regardless of how long you owned your shares in the mutual fund or REIT. 40 ez form Undistributed capital gains of mutual funds and REITs. 40 ez form    Some mutual funds and REITs keep their long-term capital gains and pay tax on them. 40 ez form You must treat your share of these gains as distributions, even though you did not actually receive them. 40 ez form However, they are not included on Form 1099-DIV. 40 ez form Instead, they are reported to you in box 1a of Form 2439. 40 ez form   Report undistributed capital gains (box 1a of Form 2439) as long-term capital gains on Schedule D (Form 1040), column (h), line 11. 40 ez form   The tax paid on these gains by the mutual fund or REIT is shown in box 2 of Form 2439. 40 ez form You take credit for this tax by including it on Form 1040, line 71, and checking box a on that line. 40 ez form Attach Copy B of Form 2439 to your return, and keep Copy C for your records. 40 ez form Basis adjustment. 40 ez form   Increase your basis in your mutual fund, or your interest in a REIT, by the difference between the gain you report and the credit you claim for the tax paid. 40 ez form Additional information. 40 ez form   For more information on the treatment of distributions from mutual funds, see Publication 550. 40 ez form Nondividend Distributions A nondividend distribution is a distribution that is not paid out of the earnings and profits of a corporation or a mutual fund. 40 ez form You should receive a Form 1099-DIV or other statement showing the nondividend distribution. 40 ez form On Form 1099-DIV, a nondividend distribution will be shown in box 3. 40 ez form If you do not receive such a statement, you report the distribution as an ordinary dividend. 40 ez form Basis adjustment. 40 ez form   A nondividend distribution reduces the basis of your stock. 40 ez form It is not taxed until your basis in the stock is fully recovered. 40 ez form This nontaxable portion is also called a return of capital; it is a return of your investment in the stock of the company. 40 ez form If you buy stock in a corporation in different lots at different times, and you cannot definitely identify the shares subject to the nondividend distribution, reduce the basis of your earliest purchases first. 40 ez form   When the basis of your stock has been reduced to zero, report any additional nondividend distribution you receive as a capital gain. 40 ez form Whether you report it as a long-term or short-term capital gain depends on how long you have held the stock. 40 ez form See Holding Period in chapter 14. 40 ez form Example. 40 ez form You bought stock in 2000 for $100. 40 ez form In 2003, you received a nondividend distribution of $80. 40 ez form You did not include this amount in your income, but you reduced the basis of your stock to $20. 40 ez form You received a nondividend distribution of $30 in 2013. 40 ez form The first $20 of this amount reduced your basis to zero. 40 ez form You report the other $10 as a long-term capital gain for 2013. 40 ez form You must report as a long-term capital gain any nondividend distribution you receive on this stock in later years. 40 ez form Liquidating Distributions Liquidating distributions, sometimes called liquidating dividends, are distributions you receive during a partial or complete liquidation of a corporation. 40 ez form These distributions are, at least in part, one form of a return of capital. 40 ez form They may be paid in one or more installments. 40 ez form You will receive Form 1099-DIV from the corporation showing you the amount of the liquidating distribution in box 8 or 9. 40 ez form For more information on liquidating distributions, see chapter 1 of Publication 550. 40 ez form Distributions of Stock and Stock Rights Distributions by a corporation of its own stock are commonly known as stock dividends. 40 ez form Stock rights (also known as “stock options”) are distributions by a corporation of rights to acquire the corporation's stock. 40 ez form Generally, stock dividends and stock rights are not taxable to you, and you do not report them on your return. 40 ez form Taxable stock dividends and stock rights. 40 ez form   Distributions of stock dividends and stock rights are taxable to you if any of the following apply. 40 ez form You or any other shareholder have the choice to receive cash or other property instead of stock or stock rights. 40 ez form The distribution gives cash or other property to some shareholders and an increase in the percentage interest in the corporation's assets or earnings and profits to other shareholders. 40 ez form The distribution is in convertible preferred stock and has the same result as in (2). 40 ez form The distribution gives preferred stock to some common stock shareholders and common stock to other common stock shareholders. 40 ez form The distribution is on preferred stock. 40 ez form (The distribution, however, is not taxable if it is an increase in the conversion ratio of convertible preferred stock made solely to take into account a stock dividend, stock split, or similar event that would otherwise result in reducing the conversion right. 40 ez form )   The term “stock” includes rights to acquire stock, and the term “shareholder” includes a holder of rights or of convertible securities. 40 ez form If you receive taxable stock dividends or stock rights, include their fair market value at the time of distribution in your income. 40 ez form Preferred stock redeemable at a premium. 40 ez form   If you hold preferred stock having a redemption price higher than its issue price, the difference (the redemption premium) generally is taxable as a constructive distribution of additional stock on the preferred stock. 40 ez form For more information, see chapter 1 of Publication 550. 40 ez form Basis. 40 ez form   Your basis in stock or stock rights received in a taxable distribution is their fair market value when distributed. 40 ez form If you receive stock or stock rights that are not taxable to you, see Stocks and Bonds under Basis of Investment Property in chapter 4 of Publication 550 for information on how to figure their basis. 40 ez form Fractional shares. 40 ez form    You may not own enough stock in a corporation to receive a full share of stock if the corporation declares a stock dividend. 40 ez form However, with the approval of the shareholders, the corporation may set up a plan in which fractional shares are not issued but instead are sold, and the cash proceeds are given to the shareholders. 40 ez form Any cash you receive for fractional shares under such a plan is treated as an amount realized on the sale of the fractional shares. 40 ez form Report this transaction on Form 8949, Sales and Other Dispositions of Capital Assets. 40 ez form Enter your gain or loss, the difference between the cash you receive and the basis of the fractional shares sold, in column (h) of Schedule D (Form 1040) in Part I or Part II, whichever is appropriate. 40 ez form    Report these transactions on Form 8949 with the correct box checked. 40 ez form   For more information on Form 8949 and Schedule D (Form 1040), see chapter 4 of Publication 550. 40 ez form Also see the Instructions for Form 8949 and the Instructions for Schedule D (Form 1040). 40 ez form Example. 40 ez form You own one share of common stock that you bought on January 3, 2004, for $100. 40 ez form The corporation declared a common stock dividend of 5% on June 29, 2013. 40 ez form The fair market value of the stock at the time the stock dividend was declared was $200. 40 ez form You were paid $10 for the fractional-share stock dividend under a plan described in the discussion above. 40 ez form You figure your gain or loss as follows: Fair market value of old stock $200. 40 ez form 00 Fair market value of stock dividend (cash received) +10. 40 ez form 00 Fair market value of old stock and stock dividend $210. 40 ez form 00 Basis (cost) of old stock after the stock dividend (($200 ÷ $210) × $100) $95. 40 ez form 24 Basis (cost) of stock dividend (($10 ÷ $210) × $100) + 4. 40 ez form 76 Total $100. 40 ez form 00 Cash received $10. 40 ez form 00 Basis (cost) of stock dividend − 4. 40 ez form 76 Gain $5. 40 ez form 24 Because you had held the share of stock for more than 1 year at the time the stock dividend was declared, your gain on the stock dividend is a long-term capital gain. 40 ez form Scrip dividends. 40 ez form   A corporation that declares a stock dividend may issue you a scrip certificate that entitles you to a fractional share. 40 ez form The certificate is generally nontaxable when you receive it. 40 ez form If you choose to have the corporation sell the certificate for you and give you the proceeds, your gain or loss is the difference between the proceeds and the portion of your basis in the corporation's stock allocated to the certificate. 40 ez form   However, if you receive a scrip certificate that you can choose to redeem for cash instead of stock, the certificate is taxable when you receive it. 40 ez form You must include its fair market value in income on the date you receive it. 40 ez form Other Distributions You may receive any of the following distributions during the year. 40 ez form Exempt-interest dividends. 40 ez form   Exempt-interest dividends you receive from a mutual fund or other regulated investment company, including those received from a qualified fund of funds in any tax year beginning after December 22, 2010, are not included in your taxable income. 40 ez form Exempt-interest dividends should be shown in box 10 of Form 1099-DIV. 40 ez form Information reporting requirement. 40 ez form   Although exempt-interest dividends are not taxable, you must show them on your tax return if you have to file a return. 40 ez form This is an information reporting requirement and does not change the exempt-interest dividends to taxable income. 40 ez form Alternative minimum tax treatment. 40 ez form   Exempt-interest dividends paid from specified private activity bonds may be subject to the alternative minimum tax. 40 ez form See Alternative Minimum Tax (AMT) in chapter 30 for more information. 40 ez form Dividends on insurance policies. 40 ez form    Insurance policy dividends the insurer keeps and uses to pay your premiums are not taxable. 40 ez form However, you must report as taxable interest income the interest that is paid or credited on dividends left with the insurance company. 40 ez form    If dividends on an insurance contract (other than a modified endowment contract) are distributed to you, they are a partial return of the premiums you paid. 40 ez form Do not include them in your gross income until they are more than the total of all net premiums you paid for the contract. 40 ez form Report any taxable distributions on insurance policies on Form 1040, line 21. 40 ez form Dividends on veterans' insurance. 40 ez form   Dividends you receive on veterans' insurance policies are not taxable. 40 ez form In addition, interest on dividends left with the Department of Veterans Affairs is not taxable. 40 ez form Patronage dividends. 40 ez form   Generally, patronage dividends you receive in money from a cooperative organization are included in your income. 40 ez form   Do not include in your income patronage dividends you receive on: Property bought for your personal use, or Capital assets or depreciable property bought for use in your business. 40 ez form But you must reduce the basis (cost) of the items bought. 40 ez form If the dividend is more than the adjusted basis of the assets, you must report the excess as income. 40 ez form   These rules are the same whether the cooperative paying the dividend is a taxable or tax-exempt cooperative. 40 ez form Alaska Permanent Fund dividends. 40 ez form    Do not report these amounts as dividends. 40 ez form Instead, report these amounts on Form 1040, line 21; Form 1040A, line 13; or Form 1040EZ, line 3. 40 ez form How To Report Dividend Income Generally, you can use either Form 1040 or Form 1040A to report your dividend income. 40 ez form Report the total of your ordinary dividends on line 9a of Form 1040 or Form 1040A. 40 ez form Report qualified dividends on line 9b of Form 1040 or Form 1040A. 40 ez form If you receive capital gain distributions, you may be able to use Form 1040A or you may have to use Form 1040. 40 ez form See Exceptions to filing Form 8949 and Schedule D (Form 1040) in chapter 16. 40 ez form If you receive nondividend distributions required to be reported as capital gains, you must use Form 1040. 40 ez form You cannot use Form 1040EZ if you receive any dividend income. 40 ez form Form 1099-DIV. 40 ez form   If you owned stock on which you received $10 or more in dividends and other distributions, you should receive a Form 1099-DIV. 40 ez form Even if you do not receive Form 1099-DIV, you must report all your dividend income. 40 ez form   See Form 1099-DIV for more information on how to report dividend income. 40 ez form Form 1040A or 1040. 40 ez form    You must complete Schedule B (Form 1040A or 1040), Part II, and attach it to your Form 1040A or 1040, if: Your ordinary dividends (Form 1099-DIV, box 1a) are more than $1,500, or You received, as a nominee, dividends that actually belong to someone else. 40 ez form If your ordinary dividends are more than $1,500, you must also complete Schedule B (Form 1040A or 1040), Part III. 40 ez form   List on Schedule B (Form 1040A or 1040), Part II, line 5, each payer's name and the ordinary dividends you received. 40 ez form If your securities are held by a brokerage firm (in “street name”), list the name of the brokerage firm shown on Form 1099-DIV as the payer. 40 ez form If your stock is held by a nominee who is the owner of record, and the nominee credited or paid you dividends on the stock, show the name of the nominee and the dividends you received or for which you were credited. 40 ez form   Enter on line 6 the total of the amounts listed on line 5. 40 ez form Also enter this total on line 9a of Form 1040A or 1040. 40 ez form Qualified dividends. 40 ez form   Report qualified dividends (Form 1099-DIV, box 1b) on line 9b of Form 1040 or Form 1040A. 40 ez form The amount in box 1b is already included in box 1a. 40 ez form Do not add the amount in box 1b to, or substract it from, the amount in box 1a. 40 ez form   Do not include any of the following on line 9b. 40 ez form Qualified dividends you received as a nominee. 40 ez form See Nominees under How to Report Dividend Income in chapter 1 of Publication 550. 40 ez form Dividends on stock for which you did not meet the holding period. 40 ez form See Holding period , earlier under Qualified Dividends. 40 ez form Dividends on any share of stock to the extent you are obligated (whether under a short sale or otherwise) to make related payments for positions in substantially similar or related property. 40 ez form Payments in lieu of dividends, but only if you know or have reason to know the payments are not qualified dividends. 40 ez form Payments shown in Form 1099-DIV, box 1b, from a foreign corporation to the extent you know or have reason to know the payments are not qualified dividends. 40 ez form   If you have qualified dividends, you must figure your tax by completing the Qualified Dividends and Capital Gain Tax Worksheet in the Form 1040 or 1040A instructions or the Schedule D Tax Worksheet in the Schedule D (Form 1040) instructions, whichever applies. 40 ez form Enter qualified dividends on line 2 of the worksheet. 40 ez form Investment interest deducted. 40 ez form   If you claim a deduction for investment interest, you may have to reduce the amount of your qualified dividends that are eligible for the 0%, 15%, or 20% tax rate. 40 ez form Reduce it by the qualified dividends you choose to include in investment income when figuring the limit on your investment interest deduction. 40 ez form This is done on the Qualified Dividends and Capital Gain Tax Worksheet or the Schedule D Tax Worksheet. 40 ez form For more information about the limit on investment interest, see Investment expenses in chapter 23. 40 ez form Expenses related to dividend income. 40 ez form   You may be able to deduct expenses related to dividend income if you itemize your deductions on Schedule A (Form 1040). 40 ez form See chapter 28 for general information about deducting expenses of producing income. 40 ez form More information. 40 ez form    For more information about how to report dividend income, see chapter 1 of Publication 550 or the instructions for the form you must file. 40 ez form Prev  Up  Next   Home   More Online Publications