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Amended Return

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Amended Return

Amended return 28. Amended return   Deducciones Misceláneas Table of Contents Qué Hay de Nuevo Introduction Useful Items - You may want to see: Deducciones Sujetas al Límite del 2%Gastos del Empleado no Reembolsados (Línea 21) Costos de la Preparación de la Declaración de Impuestos (Línea 22) Otros Gastos (Línea 23) Deducciones no Sujetas al Límite del 2%Lista de Deducciones Gastos no DeduciblesLista de Gastos no Deducibles Qué Hay de Nuevo Tarifa estándar por milla. Amended return  La tarifa para uso comercial de un vehículo en 2013 es 56½ centavos por milla. Amended return Introduction Este capítulo explica qué gastos pueden declararse como deducciones detalladas misceláneas en el Anexo A (Formulario 1040). Amended return Usted tendrá que reducir por el 2% de su ingreso bruto ajustado el total de la mayoría de las deducciones misceláneas detalladas. Amended return Este capítulo trata los siguientes temas: Deducciones sujetas al límite del 2%. Amended return Deducciones no sujetas al límite del 2%. Amended return Gastos que no se pueden deducir. Amended return Tiene que guardar documentación para verificar sus deducciones. Amended return Debe guardar sus recibos, cheques cancelados, cheques sustitutivos, estados de cuentas financieras y otros documentos comprobantes. Amended return Si desea obtener más información sobre el mantenimiento de documentación, obtenga la Publicación 552, Recordkeeping for Individuals (Mantenimiento de documentación para personas físicas), en inglés. Amended return Useful Items - You may want to see: Publicación 463 Travel, Entertainment, Gift, and Car Expenses (Gastos de viaje, entretenimiento, regalos y automóvil), en inglés 525 Taxable and Nontaxable Income (El ingreso tributable y no tributable), en inglés 529 Miscellaneous Deductions (Deducciones misceláneas), en inglés 535 Business Expenses (Gastos de negocios), en inglés 587 Business Use of Your Home (Including Use by Daycare Providers) (Uso de su domicilio para propósitos comerciales (incluyendo el uso por proveedores de cuidado infantil)), en inglés 946 How To Depreciate Property (Cómo depreciar la propiedad), en inglés Formulario (e Instrucciones) Anexo A (Formulario 1040) Itemized Deductions (Deducciones detalladas), en inglés 2106 Employee Business Expenses (Gastos de negocio del empleado), en inglés 2106-EZ Unreimbursed Employee Business Expenses (Gastos de negocio del empleado no reembolsados), en inglés Deducciones Sujetas al Límite del 2% Usted puede deducir ciertos gastos como deducciones detalladas misceláneas en el Anexo A (Formulario 1040). Amended return Puede deducir la parte de sus gastos que supere al 2% de su ingreso bruto ajustado. Amended return Se calcula la deducción en el Anexo A; restando el 2% de sus ingresos brutos ajustados del total de estos gastos. Amended return Su ingreso bruto ajustado es la cifra escrita en la línea 38 del Formulario 1040. Amended return Por lo general, se aplica el límite del 2% después de aplicar los demás límites de deducciones. Amended return Por ejemplo, el límite del 50% (o del 80%) sobre comidas y entretenimiento relacionados con los negocios (explicado en el capítulo 26) se aplica antes de aplicar el límite del 2%. Amended return Las deducciones sujetas al límite del 2% se explican aquí de acuerdo con las tres categorías en las cuales los declara en el Anexo A (Formulario 1040): Gastos del empleado no reembolsados (línea 21). Amended return Costos de la preparación de la declaración de impuestos (línea 22). Amended return Otros gastos (línea 23). Amended return Gastos del Empleado no Reembolsados (Línea 21) Generalmente, uno puede deducir en la línea 21 del Anexo A (Formulario 1040) los gastos del empleado no reembolsados que: Pague o en los que incurra durante el año tributario, Sean necesarios para llevar a cabo su oficio o negocio como empleado y Sean ordinarios y necesarios. Amended return Un gasto es “ordinario” si es común y aceptado en su oficio, negocio o profesión. Amended return Un gasto es necesario si es adecuado y útil para su negocio. Amended return Un gasto no tiene que ser obligatorio para considerarse necesario. Amended return A continuación se indican algunos ejemplos de gastos del empleado no reembolsados. Amended return Después de la lista encontrará otros ejemplos de gastos del empleado no reembolsados. Amended return Deudas incobrables incurridas por un empleado en la ejecución de su trabajo. Amended return Educación relacionada con el trabajo. Amended return (Vea el capítulo 27). Amended return Honorarios legales relacionados con su trabajo. Amended return Licencias y tarifas reglamentarias. Amended return Primas de seguro contra negligencia profesional. Amended return Exámenes médicos requeridos por un empleador. Amended return Impuestos sobre una profesión u ocupación. Amended return Pasaporte para un viaje de negocios. Amended return Suscripciones a revistas profesionales y de industria relacionadas con su trabajo. Amended return Viajes, transporte, entretenimiento y regalos relacionados con su trabajo. Amended return (Vea el capítulo 26). Amended return Seguro de Responsabilidad Comercial Puede deducir las primas de seguro que pagó para protegerse contra responsabilidad personal por actos ilícitos en el trabajo. Amended return Daños por Incumplimiento de Contrato de Empleo Si deja de cumplir con un contrato de empleo, puede deducir los daños que pague a su antiguo empleador que sean atribuibles a la paga que había recibido de ese empleador. Amended return Depreciación de Computadoras Puede declarar una deducción por depreciación de una computadora que usted usa en el trabajo como empleado si su uso: Es para conveniencia de su empleador y Se requiere como una condición de su empleo. Amended return Para obtener información acerca de las reglas y excepciones a las reglas que afectan las deducciones permitidas por una computadora en su casa, vea la Publicación 529, en inglés. Amended return Cuotas a Cámaras de Comercio y Asociaciones Profesionales Es posible que pueda deducir cuotas pagadas a organizaciones profesionales (como asociaciones de abogados y asociaciones médicas) y a cámaras de comercio y organizaciones parecidas, si la afiliación le ayuda a realizar los deberes de su trabajo. Amended return Estas organizaciones incluyen: Juntas comerciales, Asociaciones comerciales, Organizaciones cívicas o de servicios públicos, Juntas de bienes raíces y Asociaciones profesionales. Amended return Actividades políticas y de cabildeo. Amended return   Quizás no pueda deducir la parte de sus cuotas destinada a ciertas actividades políticas y de cabildeo. Amended return Vea Cuotas usadas para cabildeo bajo Gastos no Deducibles, más adelante. Amended return Gastos del Educador Si en el año 2013 usted era un educador que reunía los requisitos, usted puede deducir hasta $250 de gastos calificados que usted pagó en el año 2013 como ajuste a los ingresos brutos, en la línea 23 del Formulario 1040, en vez de una deducción detallada miscelánea. Amended return Si presenta el Formluario 1040A, usted podría deducir estos gastos en la línea 16. Amended return Si usted y su cónyuge están presentando una declaración conjunta y ambos fueron educadores calificados, la deducción máxima es $500. Amended return No obstante, ninguno puede deducir más de $250 como gastos calificados. Amended return Oficina en el Domicilio Si de manera habitual, usted usa una parte de su domicilio exclusivamente para propósitos comerciales, tal vez pueda deducir una parte de los gastos de operación y depreciación de su domicilio. Amended return Puede reclamar esta deducción por el uso comercial de una parte de su domicilio sólo si utiliza esa parte habitual y exclusivamente: Como el lugar principal de negocios para algún oficio o negocio, Como lugar para reunirse o recibir a sus pacientes o clientes en el transcurso normal de su oficio o negocio o En el caso de un edificio separado no conectado a su domicilio, si lo usa para fines de su oficio o negocio. Amended return Dicho uso comercial, habitual y exclusivo tiene que ser para conveniencia de su empleador y no sólo adecuado y útil para su propio trabajo. Amended return Vea la Publicación 587, en inglés, para obtener información más detallada y una hoja de trabajo. Amended return Gastos Relacionados con la Búsqueda de Empleo Puede deducir determinados gastos que tenga al buscar un nuevo trabajo en su profesión actual, incluso si no lo consigue. Amended return Pero no puede deducir estos gastos si: Busca trabajo en una nueva profesión, Hubo una pausa considerable entre el término de su último trabajo y la búsqueda de un trabajo nuevo o Busca trabajo por primera vez. Amended return Cuotas de agencias de colocación y empleo. Amended return   Puede deducir cuotas que pague a agencias de colocación y empleo que usa como parte de su búsqueda de trabajo en su profesión actual. Amended return Si el empleador le devuelve dinero. Amended return   Si, en un año posterior, su empleador le devuelve el dinero de las cuotas de agencias de empleo, usted tiene que incluir la cantidad que reciba en sus ingresos brutos hasta que llegue al total del beneficio tributario que recibió en el año anterior. Amended return (Vea Recuperaciones de Fondos en el capítulo 12). Amended return Si el empleador le paga a la agencia de empleo. Amended return   Si su empleador paga las cuotas directamente a la agencia de empleo y usted no es responsable de pagarlas, no puede incluirlas en sus ingresos brutos. Amended return Currículum vitae. Amended return   Puede deducir lo que gaste para preparar o enviar por correo copias de un currículum vitae a posibles empleadores siempre que busca un trabajo nuevo en su profesión actual. Amended return Gastos de viaje y transporte. Amended return   Si viaja a algún lugar y durante su estadía busca un trabajo nuevo en su profesión actual, tal vez pueda deducir los gastos de viaje de ida y vuelta al lugar. Amended return Puede deducir los gastos de viaje si el viaje se realizó principalmente para buscar un trabajo nuevo. Amended return Es importante saber qué parte del tiempo dedique a actividades personales y qué parte del tiempo dedique a buscar trabajo para determinar si el viaje se hizo principalmente por motivos personales o para buscar un trabajo nuevo. Amended return   Incluso si no puede deducir los gastos de viaje de ida y vuelta al lugar, puede deducir los gastos de buscar trabajo nuevo en su profesión actual que incurra mientras se encuentra en dicho lugar. Amended return   Puede optar por utilizar la tarifa estándar por milla para calcular los gastos de automóvil. Amended return La tarifa correspondiente al año 2013 para uso comercial de un vehículo es 56½ centavos por milla. Amended return Vea el capítulo 26 para más información. Amended return Licencias y Tarifas Reglamentarias Puede deducir la cantidad que pague cada año a gobiernos estatales o locales por licencias y tarifas reglamentarias para su oficio, negocio o profesión. Amended return Impuestos Incidentales al Trabajo Puede deducir un impuesto incidental al trabajo que una localidad le cobre a una tarifa fija por el privilegio de trabajar o realizar un negocio dentro de dicha localidad. Amended return Si usted es empleado, puede reclamar impuestos incidentales al trabajo sólo como deducción miscelánea sujeta al límite del 2%; no puede reclamarlos como una deducción en otro lugar de su declaración. Amended return Reintegro de un Pago de Asistencia Un “pago de asistencia” es aquel pago que se recibe de acuerdo con un plan del empleador para ayudar a los empleados que pierden su empleo debido a la falta de trabajo. Amended return Si usted reintegra un pago de asistencia de suma global que recibió y había incluido en sus ingresos en un año anterior, puede deducir dicho reintegro. Amended return Gastos de Investigación de un Profesor Universitario Si es profesor universitario, puede deducir los gastos de investigación, incluidos gastos de viaje y gastos en los que incurra por enseñar, dar conferencias o escribir y publicar temas relacionados directamente con su labor de enseñanza. Amended return Tiene que haber comenzado la investigación como parte de los deberes de enseñanza que se esperan de un profesor y sin expectativas lucrativas además del sueldo. Amended return No obstante, no puede deducir los costos de viajes como una forma de educación. Amended return Herramientas Utilizadas en su Trabajo Por lo general, puede deducir los gastos por herramientas que usa en su trabajo si éstas se desgastan y se deshace de ellas dentro de 1 año después de la fecha de compra. Amended return Puede depreciar el costo de las herramientas cuya vida sea mayor del año tributario. Amended return Para obtener más información acerca de la depreciación, vea la Publicación 946, en inglés. Amended return Cuotas y Gastos de Afiliación a un Sindicato Puede deducir cuotas y tarifas iniciales que pague para afiliarse a un sindicato. Amended return También puede deducir contribuciones destinadas a los beneficios para miembros del sindicato desempleados. Amended return No obstante, no puede deducir la parte de las contribuciones o aportaciones destinadas a los fondos para el pago de beneficios por enfermedad, accidente o fallecimiento. Amended return Asimismo, no puede deducir aportaciones a un fondo de pensiones, incluso si el sindicato le exige que realice las aportaciones. Amended return Tal vez no pueda deducir las cantidades que pague al sindicato si éstas están relacionadas con determinadas actividades políticas o de cabildeo. Amended return Vea Gastos de Cabildeo bajo Gastos no Deducibles, más adelante. Amended return Ropa de Trabajo y Uniformes Puede deducir el costo y mantenimiento de la ropa de trabajo si se cumplen los dos requisitos siguientes: Está obligado a usarlas como condición de empleo. Amended return La ropa no es adecuada para uso cotidiano. Amended return No es suficiente usar ropa distintiva. Amended return Su empleador tiene que requerir específicamente esa ropa. Amended return Tampoco es suficiente que, de hecho, no use su ropa de trabajo en otro lugar. Amended return La ropa no puede servir para reemplazar su ropa habitual. Amended return Algunos ejemplos de trabajadores que tal vez puedan deducir el costo y mantenimiento de la ropa de trabajo son: personas que realicen entregas, bomberos, proveedores de servicios de la salud, agentes encargados de mantener el orden público, carteros, atletas profesionales y trabajadores del transporte (aéreo, ferroviario, terrestre, etc. Amended return ). Amended return Los músicos y artistas pueden deducir el costo de la ropa y los accesorios de teatro si no son adecuados para su uso cotidiano. Amended return Sin embargo, la ropa de trabajo que conste de un gorro blanco, camisa blanca o chaqueta blanca, overol (de pintor) blanco y zapatos de trabajo estándar, como la que debe usar un pintor en su trabajo por exigencia de su sindicato, no es distintiva en cuanto a carácter ni a la naturaleza del uniforme. Amended return Igualmente, los costos de compra y mantenimiento de ropa de trabajo azul usada por un soldador a solicitud de un capataz no son deducibles. Amended return Ropa de protección. Amended return   Puede deducir el costo de la ropa de protección obligatoria en su trabajo, como zapatos o botas de seguridad, anteojos de seguridad, cascos y guantes de trabajo. Amended return   Algunos ejemplos de trabajadores a los que quizás se les exija usar artículos de seguridad son: carpinteros, trabajadores del cemento, trabajadores de productos químicos, electricistas, tripulación de barcos de pesca, maquinistas, trabajadores de campos petrolíferos, fontaneros, técnicos en tuberías y conductores de camiones. Amended return Uniformes militares. Amended return   Generalmente, no puede deducir el costo de uniformes si está en servicio activo a tiempo completo en las Fuerzas Armadas. Amended return Sin embargo, si es miembro en reserva de las Fuerzas Armadas, puede deducir el costo no reembolsado de su uniforme si los reglamentos militares exigen que su uso se limite a cuando esté en servicio como miembro en reserva. Amended return Al calcular la deducción, tiene que deducir del costo la asignación no gravable que reciba por estos gastos. Amended return   Si las reglas militares locales no le permiten que use uniformes de faena cuando no esté de servicio, puede deducir la cantidad por la cual el costo de compra y mantenimiento de estos uniformes sea superior a la asignación por uniforme que reciba. Amended return   Puede deducir el costo de sus uniformes si es miembro del personal o profesorado civil de una escuela militar. Amended return Costos de la Preparación de la Declaración de Impuestos (Línea 22) Generalmente, puede deducir los costos de la preparación de la declaración de impuestos en el año en el que los paga. Amended return De este modo, en la declaración de impuestos de 2013, puede deducir los costos pagados en el año 2013 por la preparación de la declaración del año 2012. Amended return Estos costos incluyen el costo de los programas de software de preparación de impuestos y publicaciones tributarias. Amended return También incluyen todo costo que haya pagado por la presentación electrónica de su declaración. Amended return Otros Gastos (Línea 23) Puede deducir otros gastos determinados como deducciones detalladas misceláneas sujetas al límite del 2%. Amended return En la línea 23 del Anexo A (Formulario 1040), puede deducir gastos que paga para: Generar o cobrar ingresos que se tienen que incluir en sus ingresos brutos, Administrar, conservar o mantener en buen estado propiedad cuya finalidad es generar un ingreso de estas características o Determinar, impugnar, pagar o solicitar un reembolso de algún impuesto. Amended return Puede deducir gastos que pague para los fines indicados en las secciones (1) y (2) anteriores sólo si están razonable y estrechamente relacionados con estos fines. Amended return Algunos de estos gastos se explican más adelante. Amended return Si los gastos que pague generan ingresos que sólo sean parcialmente tributables, vea Gastos de Ingresos Exentos de Impuestos más adelante, bajo Gastos no Deducibles. Amended return Cargos de Tasación Puede deducir cargos de tasación si los paga para calcular una pérdida por hecho fortuito o el valor justo de mercado de una propiedad donada. Amended return Pérdidas por Hecho Fortuito y Robo Puede deducir una pérdida por hecho fortuito o robo como una deducción detallada miscelánea sujeta al límite del 2% si utilizaba la propiedad dañada o robada para realizar servicios como empleado. Amended return Primero declare la pérdida en la Sección B del Formulario 4684, Casualties and Thefts (Hechos fortuitos y robos), en inglés. Amended return Es posible que también tenga que incluir la pérdida en el Formulario 4797, Sales of Business Property (Ventas de propiedades de negocios), también en inglés, si es que está obligado por otras razones a presentar ese formulario. Amended return Para calcular su deducción, sume todas las pérdidas por hecho fortuito o robo de este tipo de propiedad que se incluyan en las líneas 32 y 38b del Formulario 4684, o la línea 18a del Formulario 4797, ambos en inglés. Amended return Para información sobre otras pérdidas por hecho fortuito o robo, vea el capítulo 25. Amended return Apoyo Administrativo y Alquiler de Oficina Puede deducir gastos de oficina, (por ejemplo apoyo administrativo y alquiler), que usted incurre con respecto a sus inversiones y al cobro de los ingresos tributables generados por las mismas. Amended return Cargos de Tramitación por el Uso de una Tarjeta de Crédito o Débito Puede deducir el cargo administrativo que le cobra el tramitador de la tarjeta de crédito por efectuar un pago del impuesto sobre los ingresos (inclusive pagos del impuesto estimado) con tarjeta de crédito o débito. Amended return Dichos cargos son deducibles en el año en que se paguen. Amended return Depreciación de Computadora de Uso Doméstico Puede deducir la depreciación de su computadora de uso doméstico si la utiliza para generar ingresos (por ejemplo, para administrar sus inversiones que generen ingresos tributables). Amended return Por lo general, tiene que depreciar la computadora según el método uniforme durante el período de recuperación del Sistema Alternativo de Depreciación (ADS, por sus siglas en inglés). Amended return Si trabaja como empleado y también utiliza la computadora en ese trabajo, vea la Publicación 946, en inglés. Amended return Deducciones que le Sobran de un Caudal Hereditario Si las deducciones totales de un caudal hereditario en su año tributario anterior son superiores a su ingreso bruto de ese año, los beneficiarios que heredan la propiedad pueden deducir la cantidad que le sobró en exceso. Amended return No incluya las deducciones por la exención personal del caudal hereditario y las donaciones con fines benéficos al calcular las deducciones totales del caudal hereditario. Amended return Los beneficiarios pueden reclamar la deducción sólo para el año tributario en el que, o con el que, termina el caudal hereditario, sea el año final un año normal o un año tributario corto. Amended return Para obtener más información, vea Termination of Estate (Terminación de un caudal hereditario) en la Publicación 559, Survivors, Executors, and Administrators (Sobrevivientes, albaceas y administradores), en inglés. Amended return Cargos del Cobro de Intereses y Dividendos Puede deducir cargos que paga a un agente de bolsa, banco, fideicomisario o agente parecido por el cobro de los intereses de los bonos o dividendos de acciones tributables. Amended return Sin embargo, no puede deducir un cargo que pague a un agente de bolsa para comprar bienes de inversión, como acciones o bonos. Amended return Tiene que agregar el cargo al costo de los bienes. Amended return No puede deducir el cargo que pague a un agente de bolsa para vender valores. Amended return Puede usar el cargo sólo para calcular las pérdidas o ganancias de la venta. Amended return Vea las Instrucciones del Formulario 8949, para obtener información sobre cómo declarar el cargo. Amended return Gastos Relacionados con un Pasatiempo Por lo general, puede deducir gastos relacionados con un pasatiempo, pero sólo hasta la cantidad del ingreso generado por el mismo. Amended return Un pasatiempo no es un negocio porque no se realiza para obtener un beneficio económico. Amended return Consulte Actividad sin fines de lucro en el capítulo 12 bajo Otros Ingresos. Amended return Deducciones Indirectas de Entidades que Traspasan los Atributos Tributarios Las entidades que traspasan los atributos tributarios incluyen sociedades colectivas, sociedades anónimas de tipo S y fondos mutuos que no se ofrecen al público. Amended return Las deducciones de dichas entidades se traspasan a los socios o accionistas. Amended return Los socios o accionistas pueden deducir su parte de las deducciones traspasadas para gastos de inversión como deducciones detalladas misceláneas sujetas al límite del 2%. Amended return Ejemplo. Amended return Usted es miembro de un club de inversiones formado exclusivamente para invertir en valores. Amended return El club se considera una sociedad colectiva. Amended return Los ingresos de la sociedad colectiva provienen exclusivamente de dividendos, intereses y ganancias tributables procedentes de la venta de valores. Amended return En este caso, usted puede deducir su parte de los gastos de operación de la sociedad colectiva como deducciones detalladas misceláneas sujetas al límite del 2%. Amended return No obstante, si el club de inversiones tiene inversiones que generan ingresos no tributables también, no puede deducir su parte de los gastos que generan ingresos no tributables. Amended return Fondos mutuos de oferta pública. Amended return   Los fondos mutuos de oferta pública no traspasan deducciones por gastos de inversión a los accionistas. Amended return Un fondo mutuo es “de oferta pública” si: Se comercializa continuamente en virtud de una oferta pública, Se cotiza habitualmente en un mercado bursátil de valores establecido o Están bajo la propiedad de al menos 500 personas en todo momento durante el año tributario. Amended return   El fondo mutuo de oferta pública le enviará un Formulario 1099-DIV, Dividends and Distributions (Dividendos y distribuciones), en inglés, o un formulario sustitutivo, que indique la cantidad neta del ingreso de dividendos (dividendos brutos menos gastos de inversión). Amended return Esta cifra neta es la cantidad que declara como ingresos. Amended return Usted no puede también deducir los gastos de inversión incurridos por fondos mutuos de oferta pública porque ya se incluyen como parte de la cantidad neta del ingreso de dividendos. Amended return Declaraciones informativas. Amended return   Las entidades que traspasan los atributos tributarios deben enviarle declaraciones informativas. Amended return Sociedades colectivas y de tipo S. Amended return   Estas entidades generan el Anexo K-1, el cual indica los conceptos y las cantidades que tiene que declarar y también identifica los anexos y las líneas de la declaración de impuestos que se deben usar. Amended return Fondos mutuos que no son de oferta pública. Amended return   Estos fondos le enviarán un Formulario 1099-DIV, Dividends and Distributions (Dividendos y distribuciones), o un formulario sustitutivo, el cual indicará su parte de los ingresos brutos y los gastos de inversión. Amended return Puede declarar los gastos sólo como una deducción detallada miscelánea sujeta al límite del 2%. Amended return Cargos y Gastos Relacionados con la Inversión Puede deducir cargos relacionados con la inversión, custodia, administración de fideicomiso y otros gastos que pague por la administración de inversiones que generen ingresos tributables. Amended return Gastos Legales Por lo general, puede deducir gastos legales en los que incurra al intentar generar o cobrar ingresos tributables o que pague en conexión con la determinación, cobro o reembolso de un impuesto. Amended return También puede deducir gastos legales que: Estén relacionados con la realización o conservación de su trabajo, como los que pague para defenderse contra acusaciones penales que se levanten por las acciones de su oficio o negocio, Sean para asesoría tributaria relacionada con un divorcio, si la factura indica cuánto corresponde a la asesoría tributaria y se determina de una forma razonable o Sean para cobrar una pensión tributable para el cónyuge divorciado. Amended return Puede deducir los gastos que incurrió para resolver problemas tributarios relacionados con las pérdidas o ganancias de un negocio (Anexo C o C-EZ), alquileres o regalías (Anexo E) o gastos e ingresos agrícolas (Anexo F) en el anexo apropiado, todos en inglés. Amended return Debe deducir los gastos que incurrió para resolver problemas tributarios no comerciales en el Anexo A (Formulario 1040). Amended return Vea Costos de la Preparación de la Declaración de Impuestos , anteriormente. Amended return Pérdidas de Depósitos Para obtener información acerca de si puede deducir la pérdida de un depósito que usted hizo en una institución financiera que reúna los requisitos y cómo declarar la deducción si tiene derecho a ella, vea Pérdidas de Depósitos en el capítulo 25. Amended return Reintegros de Ingresos Si tuvo que reintegrar una cantidad que incluyó como ingresos en un año anterior, es posible que pueda deducir dicha cantidad reintegrada. Amended return Si la cantidad que tuvo que reintegrar era ingreso ordinario de $3,000 o menos, la deducción está sujeta al límite del 2%. Amended return Si fue más de $3,000, vea Reintegros por la Reclamación de un Derecho bajo Deducciones no Sujetas al Límite del 2%, más adelante. Amended return Reintegros de Beneficios del Seguro Social Para obtener información acerca de cómo deducir los reintegros de ciertos beneficios del Seguro Social, vea Reintegros Superiores a los Beneficios Brutos en el capítulo 11. Amended return Alquiler de Caja de Seguridad Puede deducir el alquiler de una caja de seguridad si la utiliza para almacenar bonos y acciones que generen ingresos tributables o documentos y papeles relacionados con inversiones. Amended return No puede deducir el alquiler si sólo utiliza la caja para guardar joyas, otras pertenencias personales o valores exentos de impuestos. Amended return Cargos Administrativos de los Planes de Reinversión de Dividendos Puede deducir los cargos administrativos que pague como abonado a un plan de reinversión de dividendos. Amended return Estos cargos administrativos incluyen pagos por: Poseer acciones adquiridas mediante un plan, Cobrar y reinvertir dividendos en efectivo, y Mantener documentación personal y proporcionar estados de cuenta detallados. Amended return Honorarios por Administración de un Fideicomiso de Arreglos IRA Los honorarios de administración de un fideicomiso que se facturen por separado y que usted pague en relación con un arreglo de ahorros para la jubilación (IRA, por sus siglas en inglés) son deducibles (si son ordinarios y necesarios) como deducción detallada miscelánea sujeta al límite del 2%. Amended return Para obtener más información acerca de los arreglos IRA, vea el capítulo 17. Amended return Deducciones no Sujetas al Límite del 2% Puede deducir los artículos indicados a continuación como deducciones detalladas misceláneas. Amended return No están sujetas al límite del 2%. Amended return Declare estos artículos en la línea 28 del Anexo A del Formulario 1040. Amended return Lista de Deducciones Se explica cada uno de los siguientes artículos en detalle después de la lista (excepto cuando se indica al contrario). Amended return Prima amortizable de bonos tributables. Amended return Pérdidas por hecho fortuito y robo de una propiedad que genera ingresos. Amended return Impuesto federal sobre la herencia atribuible a los ingresos de un difunto. Amended return Pérdidas de apuestas y juegos de azar hasta la cantidad de sus ganancias del juego. Amended return Gastos del trabajo relacionados con los impedimentos de personas con incapacidades. Amended return Pérdida por otras actividades anotadas en el recuadro 2 del Anexo K-1 del Formulario 1065-B. Amended return Pérdidas por estafas de inversiones engañosas tipo Ponzi. Amended return Vea, Pérdidas proveneintes de estafas de inversiones del tipo Ponzi (Ponzi schemes) , en el capítulo 25. Amended return Reintegros de más de $3,000 por la reclamación de un derecho. Amended return Inversión no recuperada en una anualidad. Amended return Prima Amortizable de Bonos Tributables En general, si la cantidad que paga por un bono es superior a la cantidad de capital estipulado, el excedente corresponde a la prima de los bonos. Amended return Puede optar por amortizar la prima de bonos tributables. Amended return Por lo general, la amortización de la prima compensa los ingresos de intereses sobre el bono en lugar de ser una deducción diferente. Amended return Parte de la prima de algunos bonos puede ser una deducción miscelánea no sujeta al límite del 2%. Amended return Para obtener más información, vea Amortizable Premium on Taxable Bonds (Prima amortizable de bonos tributables) en la Publicación 529 y Bond Premium Amortization (Amortización de prima de bono) en el capítulo 3 de la Publicación 550, Investment Income and Expenses (Gastos e ingresos de inversión), ambas en inglés. Amended return Pérdidas por Hecho Fortuito y Robo de Propiedad que Genera Ingresos Puede deducir una pérdida por hecho fortuito o robo como deducción detallada miscelánea no sujeta al límite del 2% si la propiedad dañada o robada era una propiedad que generaba ingresos (propiedad que se tiene con fines de inversión, tal como acciones, pagarés, bonos, oro, plata, terrenos sin construir y obras de arte). Amended return Primero, declare la pérdida en la Sección B del Formulario 4684. Amended return Asimismo, es posible que tenga que incluir la pérdida en el Formulario 4797, Sales of Business Property (Ventas de bienes comerciales), en inglés, si por algún otro motivo está obligado a presentar ese formulario. Amended return Para calcular su deducción, sume todas las pérdidas por hecho fortuito o robo de este tipo de propiedad que se incluyan en las líneas 32 y 38b del Formulario 4684, o la línea 18a del Formulario 4797. Amended return Para obtener más información acerca de las pérdidas por hecho fortuito y robo, consulte el capítulo 25. Amended return Impuesto Federal sobre la Herencia Atribuible a los Ingresos de un Difunto Puede deducir el impuesto federal sobre la herencia atribuible a los ingresos de un difunto que usted, como beneficiario, incluye en sus ingresos brutos. Amended return Los ingresos de un difunto son ingresos brutos que habría recibido éste si no hubiese fallecido y que no se podían incluir debidamente en la última declaración de impuestos del difunto. Amended return Vea la Publicación 559, en inglés, para obtener más información. Amended return Pérdidas de Apuestas y Juegos de Azar hasta la Cantidad de sus Ganancias de Juego Tiene que declarar la cantidad total de sus ganancias de apuestas y juegos de azar que tuvo en el año en la línea 21 del Formulario 1040. Amended return Debe deducir sus pérdidas de juego que tuvo en el año en la línea 28 del Anexo A del Formulario 1040. Amended return No puede deducir las pérdidas de apuestas y juegos de azar que sean superiores a las ganancias. Amended return No puede reducir las ganancias de apuestas y juegos de azar por las pérdidas de juego y declarar la diferencia. Amended return Tiene que declarar la cantidad total de las ganancias como ingresos, y las pérdidas (hasta la cantidad de su ganancias), como deducción detallada. Amended return Por consiguiente, su documentación debe mostrar las ganancias por separado de las pérdidas. Amended return Diario de ganancias y pérdidas. Amended return Tiene que mantener un diario exacto o registro parecido de sus ganancias y pérdidas provenientes de apuestas y juegos de azar. Amended return Su diario debe contener, como mínimo, la siguiente información: La fecha y el tipo de apuesta específica o actividad de apuestas. Amended return El nombre y la dirección o ubicación del establecimiento de apuestas. Amended return Los nombres de otras personas que lo acompañan en el establecimiento de apuestas. Amended return La (o las) cantidad(es) que ganó o perdió. Amended return Vea la Publicación 529, en inglés, para información adicional. Amended return Gastos de Trabajo Relacionados con un Impedimento Si tiene una incapacidad física o mental que limite su capacidad para trabajar o limite sustancialmente una o más de las actividades principales de la vida (como realizar tareas manuales, caminar, hablar, respirar, aprender y trabajar), puede deducir sus gastos de trabajo relacionados con dicho impedimento. Amended return Los gastos de trabajo relacionados con un impedimento son gastos ordinarios y necesarios del negocio incurridos por servicios de un asistente en su lugar de trabajo y por otros gastos relacionados con su lugar de trabajo que sean necesarios para que pueda trabajar. Amended return Personas que trabajan por cuenta propia. Amended return   Si trabaja por cuenta propia, anote los gastos de trabajo relacionados con su incapacidad en el formulario correspondiente (Anexo C, C-EZ, E o F) que utilice para declarar los ingresos y gastos de negocio. Amended return Pérdida por Otras Actividades Anotadas en el Recuadro 2 del Anexo K-1 del Formulario 1065-B Si la cantidad declarada en el recuadro 2 del Anexo K-1 del Formulario 1065-B es una pérdida, declárela en la línea 28 del Anexo A del Formulario 1040. Amended return No está sujeto a las limitaciones de actividades pasivas. Amended return Reintegros por la Reclamación de un Derecho Si tuvo que reintegrar más de $3,000 que incluyó en los ingresos de un año anterior porque en ese momento pensaba que tenía un derecho no restringido a dichos ingresos, tal vez pueda deducir la cantidad que pagó o solicitar que se la acrediten en sus impuestos. Amended return Vea Reintegros en el capítulo 12, para más información. Amended return Inversión no Recuperada en una Anualidad Un jubilado que haya contribuido al costo de una anualidad puede excluir de sus ingresos parte de cada pago que reciba, por ser rendimiento exento de impuestos de la inversión del jubilado. Amended return Si el jubilado muere antes de recuperar toda la inversión libre de impuestos, se podría deducir toda inversión no recuperada en la declaración final de impuestos del jubilado. Amended return Vea el capítulo 10 para obtener más información acerca del trato tributario de las pensiones y anualidades. Amended return Gastos no Deducibles A continuación se enumeran algunos ejemplos de gastos no deducibles. Amended return Luego, se explican en mayor detalle los gastos no deducibles adicionales. Amended return Lista de Gastos no Deducibles Comisiones de agentes bursátiles que usted pagó con respecto a su arreglo IRA u otra propiedad de inversión. Amended return Gastos de entierro o funeral, incluido el costo de la tumba. Amended return Gastos de capital. Amended return Cargos y licencias, como licencias de automóvil, de matrimonio y placas de identificación. Amended return Pérdidas relacionadas con pasatiempos; no obstante, vea Gastos Relacionados con un Pasatiempo , anteriormente. Amended return Reparaciones, seguro y alquiler de la vivienda. Amended return Sobornos y comisiones clandestinas. Amended return Vea Bribes and kickbacks (Sobornos y comisiones clandestinas) en el capítulo 11 de la Publicación 535, en inglés. Amended return Pérdidas de la venta de su vivienda, mobiliario, automóvil personal, etc. Amended return Primas de seguro personal por incapacidad. Amended return Gastos personales, de vida o familiares. Amended return Valor de salarios no recibidos o período de vacaciones no utilizadas. Amended return Gastos de Adopción No puede deducir los gastos que incurre en la adopción de un niño, pero tal vez pueda tomar un crédito para esos gastos. Amended return Vea el capítulo 36. Amended return Gastos de Campaña Electoral No puede deducir gastos que un candidato para un cargo público incurre en su campaña electoral, incluso si el candidato está postulando para la reelección a dicho cargo. Amended return Estos incluyen cargos de calificación e inscripción para las elecciones primarias. Amended return Honorarios legales. Amended return   No puede deducir honorarios legales que se pagan para defender cargos derivados de la participación en una campaña política. Amended return Cargos por Emisión de Cheques de Cuenta Personal Si tiene una cuenta corriente personal, no puede deducir cargos cobrados por el banco por el privilegio de emitir cheques, incluso si la cuenta devenga intereses. Amended return Cuotas de Clubes Por lo general, no puede deducir el costo de afiliación a un club organizado para fines comerciales, de placer, recreación u otro fin social. Amended return Esto incluye clubes de negocios, sociales, atléticos, de almuerzo, deportivos, de aerolíneas, hoteles, golf y de campo. Amended return No puede deducir cuotas pagadas a una organización si uno de los propósitos principales de ésta es: Realizar actividades sociales para los miembros o sus invitados u Ofrecer a los miembros o sus invitados acceso a establecimientos de actividades sociales. Amended return No se pueden deducir las cuotas pagadas a aerolíneas, hoteles o clubes de almuerzo. Amended return Gastos de Transporte entre su Domicilio y el Trabajo No puede deducir gastos de viaje de ida y vuelta al trabajo (el costo de su transporte entre su residencia y su lugar de trabajo principal o habitual). Amended return Si transporta herramientas, instrumentos u otros artículos en su automóvil de ida y vuelta a su trabajo, puede deducir sólo el costo adicional de transporte de dichos artículos, como el alquiler de un remolque para el transporte de los mismos. Amended return Multas o Sanciones No puede deducir multas o sanciones que pague a una oficina del gobierno por infringir una ley. Amended return Esto incluye cantidades pagadas para liquidar su responsabilidad real o posible de una multa o sanción (civil o penal). Amended return Las multas o sanciones incluyen multas de estacionamiento, sanciones tributarias y sanciones deducidas de su sueldo de maestro después de una huelga ilícita. Amended return Gastos de Balnearios No puede deducir gastos de un balneario (spa), aun si existe un requisito laboral para mantenerse en excelente condición física, como podría ser el caso de un oficial encargado del orden público. Amended return Sistema de Seguridad Residencial No puede deducir el costo de un sistema de seguridad residencial como una deducción miscelánea. Amended return Sin embargo, tal vez pueda reclamar una deducción por un sistema de seguridad residencial como gasto de negocios, si es que tiene una oficina en su casa. Amended return Vea Oficina en el Domicilio bajo Gastos del Empleado no Reembolsados, anteriormente, y Security System (Sistema de seguridad) bajo Deducting Expenses (Deducción de gastos) en la Publicación 587, en inglés. Amended return Seminarios Relacionados con Inversiones No puede deducir gastos por asistir a una convención, seminario o reunión parecida para fines de inversión. Amended return Primas de Seguro de Vida No puede deducir primas que pague por su propio seguro de vida. Amended return Tal vez pueda deducir como pensión para el cónyuge divorciado primas que pague por las pólizas de seguro de vida asignadas a su ex-cónyuge. Amended return Consulte el capítulo 18 para información sobre la pensión alimenticia. Amended return Gastos de Cabildeo Por lo general, no puede deducir cantidades pagadas o incurridas por concepto de cabildeo. Amended return Estos incluyen gastos para: Influenciar el proceso de legislación, Participar o intervenir en una campaña política a favor o en contra de un candidato a un cargo público, Intentar influenciar al público en general, o a un segmento del público, respecto a las elecciones, materias legislativas o referéndums o Comunicarse directamente con funcionarios del poder ejecutivo bajo protección en un intento de influenciar las acciones del funcionario o las opiniones del mismo. Amended return Los gastos de cabildeo también incluyen cantidades pagadas o gastos en los que ha incurrido para la investigación, preparación, planificación o coordinación de cualquiera de estas actividades. Amended return Cuotas usadas para cabildeo. Amended return   Si una organización exenta de impuestos le notifica que esa parte de las cuotas u otras cantidades que usted paga a la organización se utilizan para pagar gastos de cabildeo no deducibles, no puede deducir esa parte de las cuotas. Amended return Vea Lobbying Expenses (Gastos de cabildeo) en la Publicación 529, en inglés, para obtener información sobre las excepciones. Amended return Dinero en Efectivo o Bienes Perdidos o Extraviados No puede deducir una pérdida basada en la simple desaparición de dinero o bienes. Amended return Sin embargo, una pérdida o desaparición accidental de bienes puede considerarse hecho fortuito si es causada por un acontecimiento que se pueda identificar y que sea repentino, inesperado o poco común. Amended return Vea el capítulo 25. Amended return Ejemplo. Amended return Se cierra una puerta de su automóvil accidentalmente en su mano y rompe el engaste de su anillo de diamante. Amended return El diamante se cae del anillo y nunca lo pudo encontrar. Amended return La pérdida del diamante es un hecho fortuito. Amended return Almuerzos con Compañeros de Trabajo No puede deducir los gastos de almuerzos con compañeros de trabajo, excepto si viaja lejos de casa por razones comerciales. Amended return Vea el capítulo 26 para obtener información acerca de los gastos deducibles mientras se encuentra lejos de su domicilio. Amended return Comidas Cuando Trabaja Hasta Tarde No puede deducir el costo de comidas si trabaja hasta tarde. Amended return Sin embargo, tal vez pueda declarar una deducción si el costo de las comidas es un gasto de entretenimiento deducible o si viaja lejos de casa. Amended return Vea el capítulo 26 para obtener información sobre gastos de entretenimiento deducibles y gastos durante viajes lejos de su domicilio. Amended return Gastos por Asuntos Legales Personales No puede deducir gastos por asuntos legales personales, como aquéllos en los que se ha incurrido en los siguientes casos: Tutoría de hijos. Amended return Demanda por incumplimiento de promesa de matrimonio. Amended return Cargos civiles o penales derivados de una relación personal. Amended return Daños por lesiones personales, a excepción de ciertas reclamaciones por discriminación ilegal y por denuncia de actividades ilícitas en una empresa. Amended return Preparación de un título (o defensa o perfeccionamiento de un título). Amended return Preparación de un testamento. Amended return Reclamaciones de propiedad o liquidación de propiedad en un divorcio. Amended return No puede deducir estos gastos incluso si una consecuencia del proceso legal es la pérdida de propiedad que genera ingresos. Amended return Donaciones Políticas No puede deducir donaciones hechas a un candidato político, un comité de campaña o un fondo para publicar boletines. Amended return Los avisos publicitarios en programas de convenciones y entradas a cenas o programas que benefician a un partido o candidato político no son deducibles. Amended return Costos de Acreditación Profesional No puede deducir costos de acreditación profesional tales como: Costos de certificado de contabilidad pagados para el derecho inicial de poder practicar la contabilidad. Amended return Costos del examen para el ejercicio de la abogacía y gastos afines para asegurarse el ingreso inicial al colegio de abogados. Amended return Costos de licencias médicas y dentales para obtener la primera licencia de ejercicio de la profesión. Amended return Reputación Profesional No puede deducir gastos por salir en un programa de radio o televisión para aumentar su prestigio personal o establecer su reputación profesional. Amended return Aportaciones a un Fondo de Ayuda Económica No puede deducir aportaciones pagadas a un plan privado que pague beneficios a los empleados cubiertos que no puedan trabajar debido a una lesión o enfermedad no relacionada con el trabajo. Amended return Servicio Telefónico Residencial No puede deducir un cobro (incluidos impuestos) por un servicio telefónico local básico de la línea telefónica principal de su residencia, aun cuando se utilice en una ocupación o negocio. Amended return Reuniones de Accionistas No puede deducir gastos de transporte ni otros que paga para asistir a reuniones de accionistas de empresas en las que tiene participación accionaria, pero no de otra índole. Amended return No puede deducir estos gastos aunque asista a la reunión para obtener información que podría ser útil al efectuar otras inversiones. Amended return Gastos de Ingresos Exentos de Impuestos No puede deducir gastos que incurre para generar ingresos exentos de impuestos. Amended return No puede deducir intereses de una deuda en la que haya incurrido o continúa para comprar o portar valores exentos de impuestos. Amended return Si usted incurre gastos para generar ingresos tributables y exentos de impuestos, pero no puede identificar los gastos que generan cada tipo de ingreso, tiene que dividir los gastos según la cantidad de cada tipo de ingreso para determinar la cantidad que puede deducir. Amended return Ejemplo. Amended return Durante el año recibió intereses tributables de $4,800 e intereses exentos de impuestos de $1,200. Amended return Al obtener este ingreso, tuvo un total de gastos de $500 durante el año. Amended return No puede identificar la cantidad de cada gasto correspondiente a cada ingreso. Amended return Por lo tanto, el 80% ($4,800/$6,000) del gasto corresponde a los intereses tributables y el 20% ($1,200/$6,000) corresponde a los intereses exentos de impuestos. Amended return Puede deducir, sujeto al límite del 2%, gastos de $400 (80% de $500). Amended return Gastos de Viaje para Otra Persona Por lo general, no puede deducir los gastos de viaje que pague o en los que incurra para su cónyuge, dependiente, u otra persona que lo acompañe (o su empleado) en un viaje de negocios o por motivos personales, a menos que el cónyuge, el dependiente, o la otra persona sea un empleado del contribuyente; el viaje sea para un propósito comercial de buena fe (bona fide); y tales gastos serían de otra manera deducibles por el cónyuge, dependiente u otra persona. Amended return Vea el capítulo 26 para más información sobre gastos de viaje deducibles. Amended return Aportaciones Voluntarias al Fondo de Beneficios por Desempleo No puede deducir aportaciones voluntarias al fondo de beneficios por desempleo que usted realice a un fondo sindical o a un fondo privado. Amended return Sin embargo, puede deducir las aportaciones como impuestos si la ley estatal le exige que las haga a un fondo de desempleo del estado que le protege de la pérdida de sueldos por desempleo causado por condiciones comerciales. Amended return Relojes de Pulsera No puede deducir el costo de un reloj de pulsera, incluso si existe un requisito laboral que establezca que tiene que saber la hora correcta para realizar sus funciones de manera adecuada. Amended return Prev  Up  Next   Home   More Online Publications
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The Amended Return

Amended return 4. Amended return   Sales and Trades of Investment Property Table of Contents IntroductionNominees. Amended return Topics - This chapter discusses: Useful Items - You may want to see: What Is a Sale or Trade?Dividend versus sale or trade. Amended return Worthless Securities Constructive Sales of Appreciated Financial Positions Section 1256 Contracts Marked to Market Basis of Investment PropertyCost Basis Basis Other Than Cost Adjusted Basis Stocks and Bonds How To Figure Gain or LossFair market value. Amended return Debt paid off. Amended return Payment of cash. Amended return Special Rules for Mutual Funds Nontaxable TradesLike-Kind Exchanges Corporate Stocks Exchange of Shares In One Mutual Fund For Shares In Another Mutual Fund Insurance Policies and Annuities U. Amended return S. Amended return Treasury Notes or Bonds Transfers Between Spouses Related Party TransactionsGain on Sale or Trade of Depreciable Property Capital Gains and LossesCapital or Ordinary Gain or Loss Holding Period Nonbusiness Bad Debts Short Sales Wash Sales Options Straddles Sales of Stock to ESOPs or Certain Cooperatives Rollover of Gain From Publicly Traded Securities Gains on Qualified Small Business Stock Exclusion of Gain From DC Zone Assets Reporting Capital Gains and LossesException 1. Amended return Exception 2. Amended return Section 1256 contracts and straddles. Amended return Market discount bonds. Amended return File Form 1099-B or Form 1099-S with the IRS. Amended return Capital Losses Capital Gain Tax Rates Special Rules for Traders in SecuritiesHow To Report Introduction This chapter explains the tax treatment of sales and trades of investment property. Amended return Investment property. Amended return   This is property that produces investment income. Amended return Examples include stocks, bonds, and Treasury bills and notes. Amended return Property used in a trade or business is not investment property. Amended return Form 1099-B. Amended return   If you sold property such as stocks, bonds, mutual funds, or certain commodities through a broker during the year, you should receive, for each sale, a Form 1099-B, Proceeds From Broker and Barter Exchange Transactions, or substitute statement, from the broker. Amended return You should receive the statement by February 15 of the next year. Amended return It will show the gross proceeds from the sale. Amended return The IRS will also get a copy of Form 1099-B from the broker. Amended return   Use Form 1099-B (or substitute statement received from your broker) to complete Form 8949. Amended return If you sold a covered security in 2013, your broker will send you a Form 1099-B (or substitute statement) that shows your basis. Amended return This will help you complete Form 8949. Amended return Generally, a covered security is a security you acquired after 2010, with certain exceptions explained in the Instructions for Form 8949. Amended return    For more information on Form 8949 and Schedule D (Form 1040), see Reporting Capital Gains and Losses in this chapter. Amended return Also see the Instructions for Form 8949 and the Instructions for Schedule D (Form 1040). Amended return Nominees. Amended return   If someone receives gross proceeds as a nominee for you, that person will give you a Form 1099-B, which will show gross proceeds received on your behalf. Amended return   If you receive a Form 1099-B that includes gross proceeds belonging to another person, see Nominees , later under Reporting Capital Gains and Losses for more information. Amended return Other property transactions. Amended return   Certain transfers of property are discussed in other IRS publications. Amended return These include: Sale of your main home, discussed in Publication 523, Selling Your Home; Installment sales, covered in Publication 537; Various types of transactions involving business property, discussed in Publication 544, Sales and Other Dispositions of Assets; Transfers of property at death, covered in Publication 559; and Disposition of an interest in a passive activity, discussed in Publication 925. Amended return Topics - This chapter discusses: What Is a Sale or Trade? , Basis of Investment Property , Adjusted Basis , How To Figure Gain or Loss , Nontaxable trades , Transfers Between Spouses , Related Party Transactions , Capital Gains and Losses , Reporting Capital Gains and Losses , and Special Rules for Traders in Securities . Amended return Useful Items - You may want to see: Publication 551 Basis of Assets Form (and Instructions) Schedule D (Form 1040) Capital Gains and Losses 6781 Gains and Losses From Section 1256 Contracts and Straddles 8582 Passive Activity Loss Limitations 8824 Like-Kind Exchanges 8949 Sales and Other Dispositions of Capital Assets See chapter 5, How To Get Tax Help , for information about getting these publications and forms. Amended return What Is a Sale or Trade? This section explains what is a sale or trade. Amended return It also explains certain transactions and events that are treated as sales or trades. Amended return A sale is generally a transfer of property for money or a mortgage, note, or other promise to pay money. Amended return A trade is a transfer of property for other property or services, and may be taxed in the same way as a sale. Amended return Sale and purchase. Amended return   Ordinarily, a transaction is not a trade when you voluntarily sell property for cash and immediately buy similar property to replace it. Amended return The sale and purchase are two separate transactions. Amended return But see Like-Kind Exchanges under Nontaxable Trades, later. Amended return Redemption of stock. Amended return   A redemption of stock is treated as a sale or trade and is subject to the capital gain or loss provisions unless the redemption is a dividend or other distribution on stock. Amended return Dividend versus sale or trade. Amended return   Whether a redemption is treated as a sale, trade, dividend, or other distribution depends on the circumstances in each case. Amended return Both direct and indirect ownership of stock will be considered. Amended return The redemption is treated as a sale or trade of stock if: The redemption is not essentially equivalent to a dividend — see Dividends and Other Distributions in chapter 1, There is a substantially disproportionate redemption of stock, There is a complete redemption of all the stock of the corporation owned by the shareholder, or The redemption is a distribution in partial liquidation of a corporation. Amended return Redemption or retirement of bonds. Amended return   A redemption or retirement of bonds or notes at their maturity generally is treated as a sale or trade. Amended return See Stocks, stock rights, and bonds and Discounted Debt Instruments under Capital or Ordinary Gain or Loss, later. Amended return   In addition, a significant modification of a bond is treated as a trade of the original bond for a new bond. Amended return For details, see Regulations section 1. Amended return 1001-3. Amended return Surrender of stock. Amended return   A surrender of stock by a dominant shareholder who retains ownership of more than half of the corporation's voting shares is treated as a contribution to capital rather than as an immediate loss deductible from taxable income. Amended return The surrendering shareholder must reallocate his or her basis in the surrendered shares to the shares he or she retains. Amended return Trade of investment property for an annuity. Amended return   The transfer of investment property to a corporation, trust, fund, foundation, or other organization, in exchange for a fixed annuity contract that will make guaranteed annual payments to you for life, is a taxable trade. Amended return If the present value of the annuity is more than your basis in the property traded, you have a taxable gain in the year of the trade. Amended return Figure the present value of the annuity according to factors used by commercial insurance companies issuing annuities. Amended return Transfer by inheritance. Amended return   The transfer of property of a decedent to the executor or administrator of the estate, or to the heirs or beneficiaries, is not a sale or other disposition. Amended return No taxable gain or deductible loss results from the transfer. Amended return Termination of certain rights and obligations. Amended return   The cancellation, lapse, expiration, or other termination of a right or obligation (other than a securities futures contract) with respect to property that is a capital asset (or that would be a capital asset if you acquired it) is treated as a sale. Amended return Any gain or loss is treated as a capital gain or loss. Amended return   This rule does not apply to the retirement of a debt instrument. Amended return See Redemption or retirement of bonds , earlier. Amended return Worthless Securities Stocks, stock rights, and bonds (other than those held for sale by a securities dealer) that became completely worthless during the tax year are treated as though they were sold on the last day of the tax year. Amended return This affects whether your capital loss is long term or short term. Amended return See Holding Period , later. Amended return Worthless securities also include securities that you abandon after March 12, 2008. Amended return To abandon a security, you must permanently surrender and relinquish all rights in the security and receive no consideration in exchange for it. Amended return All the facts and circumstances determine whether the transaction is properly characterized as an abandonment or other type of transaction, such as an actual sale or exchange, contribution to capital, dividend, or gift. Amended return If you are a cash basis taxpayer and make payments on a negotiable promissory note that you issued for stock that became worthless, you can deduct these payments as losses in the years you actually make the payments. Amended return Do not deduct them in the year the stock became worthless. Amended return How to report loss. Amended return   Report worthless securities in Form 8949, Part I or Part II, whichever applies. Amended return    Report your worthless securities transactions on Form 8949 with the correct box checked for these transactions. Amended return See Form 8949 and the Instructions for Form 8949. Amended return Filing a claim for refund. Amended return   If you do not claim a loss for a worthless security on your original return for the year it becomes worthless, you can file a claim for a credit or refund due to the loss. Amended return You must use Form 1040X, Amended U. Amended return S. Amended return Individual Income Tax Return, to amend your return for the year the security became worthless. Amended return You must file it within 7 years from the date your original return for that year had to be filed, or 2 years from the date you paid the tax, whichever is later. Amended return (Claims not due to worthless securities or bad debts generally must be filed within 3 years from the date a return is filed, or 2 years from the date the tax is paid, whichever is later. Amended return ) For more information about filing a claim, see Publication 556. Amended return Constructive Sales of Appreciated Financial Positions You are treated as having made a constructive sale when you enter into certain transactions involving an appreciated financial position (defined later) in stock, a partnership interest, or certain debt instruments. Amended return You must recognize gain as if the position were disposed of at its fair market value on the date of the constructive sale. Amended return This gives you a new holding period for the position that begins on the date of the constructive sale. Amended return Then, when you close the transaction, you reduce your gain (or increase your loss) by the gain recognized on the constructive sale. Amended return Constructive sale. Amended return   You are treated as having made a constructive sale of an appreciated financial position if you: Enter into a short sale of the same or substantially identical property, Enter into an offsetting notional principal contract relating to the same or substantially identical property, Enter into a futures or forward contract to deliver the same or substantially identical property (including a forward contract that provides for cash settlement), or Acquire the same or substantially identical property (if the appreciated financial position is a short sale, an offsetting notional principal contract, or a futures or forward contract). Amended return   You are also treated as having made a constructive sale of an appreciated financial position if a person related to you enters into a transaction described above with a view toward avoiding the constructive sale treatment. Amended return For this purpose, a related person is any related party described under Related Party Transactions , later in this chapter. Amended return Exception for nonmarketable securities. Amended return   You are not treated as having made a constructive sale solely because you entered into a contract for sale of any stock, debt instrument, or partnership interest that is not a marketable security if it settles within 1 year of the date you enter into it. Amended return Exception for certain closed transactions. Amended return   Do not treat a transaction as a constructive sale if all of the following are true. Amended return You closed the transaction on or before the 30th day after the end of your tax year. Amended return You held the appreciated financial position throughout the 60-day period beginning on the date you closed the transaction. Amended return Your risk of loss was not reduced at any time during that 60-day period by holding certain other positions. Amended return   If a closed transaction is reestablished in a substantially similar position during the 60-day period beginning on the date the first transaction was closed, this exception still applies if the reestablished position is closed before the 30th day after the end of your tax year in which the first transaction was closed and, after that closing, (2) and (3) above are true. Amended return   This exception also applies to successive short sales of an entire appreciated financial position. Amended return For more information, see Revenue Ruling 2003-1 in Internal Revenue Bulletin 2003-3. Amended return This bulletin is available at www. Amended return irs. Amended return gov/pub/irs-irbs/irb03-03. Amended return pdf. Amended return Appreciated financial position. Amended return   This is any interest in stock, a partnership interest, or a debt instrument (including a futures or forward contract, a short sale, or an option) if disposing of the interest would result in a gain. Amended return Exceptions. Amended return   An appreciated financial position does not include the following. Amended return Any position from which all of the appreciation is accounted for under marked-to-market rules, including section 1256 contracts (described later under Section 1256 Contracts Marked to Market ). Amended return Any position in a debt instrument if: The position unconditionally entitles the holder to receive a specified principal amount, The interest payments (or other similar amounts) with respect to the position are payable at a fixed rate or a variable rate described in Regulations section 1. Amended return 860G-1(a)(3), and The position is not convertible, either directly or indirectly, into stock of the issuer (or any related person). Amended return Any hedge with respect to a position described in (2). Amended return Certain trust instruments treated as stock. Amended return   For the constructive sale rules, an interest in an actively traded trust is treated as stock unless substantially all of the value of the property held by the trust is debt that qualifies for the exception to the definition of an appreciated financial position (explained in (2) above). Amended return Sale of appreciated financial position. Amended return   A transaction treated as a constructive sale of an appreciated financial position is not treated as a constructive sale of any other appreciated financial position, as long as you continue to hold the original position. Amended return However, if you hold another appreciated financial position and dispose of the original position before closing the transaction that resulted in the constructive sale, you are treated as if, at the same time, you constructively sold the other appreciated financial position. Amended return Section 1256 Contracts Marked to Market If you hold a section 1256 contract at the end of the tax year, you generally must treat it as sold at its fair market value on the last business day of the tax year. Amended return Section 1256 Contract A section 1256 contract is any: Regulated futures contract, Foreign currency contract, Nonequity option, Dealer equity option, or Dealer securities futures contract. Amended return Exceptions. Amended return   A section 1256 contract does not include: Interest rate swaps, Currency swaps, Basis swaps, Interest rate caps, Interest rate floors, Commodity swaps, Equity swaps, Equity index swaps, Credit default swaps, or Similar agreements. Amended return For more details, including definitions of these terms, see section 1256. Amended return Regulated futures contract. Amended return   This is a contract that: Provides that amounts which must be deposited to, or can be withdrawn from, your margin account depend on daily market conditions (a system of marking to market), and Is traded on, or subject to the rules of, a qualified board of exchange. Amended return A qualified board of exchange is a domestic board of trade designated as a contract market by the Commodity Futures Trading Commission, any board of trade or exchange approved by the Secretary of the Treasury, or a national securities exchange registered with the Securities and Exchange Commission. Amended return Foreign currency contract. Amended return   This is a contract that: Requires delivery of a foreign currency that has positions traded through regulated futures contracts (or settlement of which depends on the value of that type of foreign currency), Is traded in the interbank market, and Is entered into at arm's length at a price determined by reference to the price in the interbank market. Amended return   Bank forward contracts with maturity dates longer than the maturities ordinarily available for regulated futures contracts are considered to meet the definition of a foreign currency contract if the above three conditions are satisfied. Amended return   Special rules apply to certain foreign currency transactions. Amended return These transactions may result in ordinary gain or loss treatment. Amended return For details, see Internal Revenue Code section 988 and Regulations sections 1. Amended return 988-1(a)(7) and 1. Amended return 988-3. Amended return Nonequity option. Amended return   This is any listed option (defined later) that is not an equity option. Amended return Nonequity options include debt options, commodity futures options, currency options, and broad-based stock index options. Amended return A broad-based stock index is based on the value of a group of diversified stocks or securities (such as the Standard and Poor's 500 index). Amended return Warrants based on a stock index that are economically, substantially identical in all material respects to options based on a stock index are treated as options based on a stock index. Amended return Cash-settled options. Amended return   Cash-settled options based on a stock index and either traded on or subject to the rules of a qualified board of exchange are nonequity options if the Securities and Exchange Commission (SEC) determines that the stock index is broad based. Amended return   This rule does not apply to options established before the SEC determines that the stock index is broad based. Amended return Listed option. Amended return   This is any option traded on, or subject to the rules of, a qualified board or exchange (as discussed earlier under Regulated futures contract). Amended return A listed option, however, does not include an option that is a right to acquire stock from the issuer. Amended return Dealer equity option. Amended return   This is any listed option that, for an options dealer: Is an equity option, Is bought or granted by that dealer in the normal course of the dealer's business activity of dealing in options, and Is listed on the qualified board of exchange where that dealer is registered. Amended return   An “options dealer” is any person registered with an appropriate national securities exchange as a market maker or specialist in listed options. Amended return Equity option. Amended return   This is any option: To buy or sell stock, or That is valued directly or indirectly by reference to any stock or narrow-based security index. Amended return  Equity options include options on a group of stocks only if the group is a narrow-based stock index. Amended return Dealer securities futures contract. Amended return   For any dealer in securities futures contracts or options on those contracts, this is a securities futures contract (or option on such a contract) that: Is entered into by the dealer (or, in the case of an option, is purchased or granted by the dealer) in the normal course of the dealer's activity of dealing in this type of contract (or option), and Is traded on a qualified board or exchange (as defined under Regulated futures contract , earlier). Amended return A securities futures contract that is not a dealer securities futures contract is treated as described later under Securities Futures Contracts . Amended return Marked-to-Market Rules A section 1256 contract that you hold at the end of the tax year will generally be treated as sold at its fair market value on the last business day of the tax year, and you must recognize any gain or loss that results. Amended return That gain or loss is taken into account in figuring your gain or loss when you later dispose of the contract, as shown in the example under 60/40 rule, below. Amended return Hedging exception. Amended return   The marked-to-market rules do not apply to hedging transactions. Amended return See Hedging Transactions , later. Amended return 60/40 rule. Amended return   Under the marked-to-market system, 60% of your capital gain or loss will be treated as a long-term capital gain or loss, and 40% will be treated as a short-term capital gain or loss. Amended return This is true regardless of how long you actually held the property. Amended return Example. Amended return On June 22, 2012, you bought a regulated futures contract for $50,000. Amended return On December 31, 2012 (the last business day of your tax year), the fair market value of the contract was $57,000. Amended return You recognized a $7,000 gain on your 2012 tax return, treated as 60% long-term and 40% short-term capital gain. Amended return On February 1, 2013, you sold the contract for $56,000. Amended return Because you recognized a $7,000 gain on your 2012 return, you recognize a $1,000 loss ($57,000 − $56,000) on your 2013 tax return, treated as 60% long-term and 40% short-term capital loss. Amended return Limited partners or entrepreneurs. Amended return   The 60/40 rule does not apply to dealer equity options or dealer securities futures contracts that result in capital gain or loss allocable to limited partners or limited entrepreneurs (defined later under Hedging Transactions ). Amended return Instead, these gains or losses are treated as short term. Amended return Terminations and transfers. Amended return   The marked-to-market rules also apply if your obligation or rights under section 1256 contracts are terminated or transferred during the tax year. Amended return In this case, use the fair market value of each section 1256 contract at the time of termination or transfer to determine the gain or loss. Amended return Terminations or transfers may result from any offsetting, delivery, exercise, assignment, or lapse of your obligation or rights under section 1256 contracts. Amended return Loss carryback election. Amended return   An individual having a net section 1256 contracts loss (defined later), generally can elect to carry this loss back 3 years instead of carrying it over to the next year. Amended return See How To Report , later, for information about reporting this election on your return. Amended return   The loss carried back to any year under this election cannot be more than the net section 1256 contracts gain in that year. Amended return In addition, the amount of loss carried back to an earlier tax year cannot increase or produce a net operating loss for that year. Amended return   The loss is carried to the earliest carryback year first, and any unabsorbed loss amount can then be carried to each of the next 2 tax years. Amended return In each carryback year, treat 60% of the carryback amount as a long-term capital loss and 40% as a short-term capital loss from section 1256 contracts. Amended return   If only a portion of the net section 1256 contracts loss is absorbed by carrying the loss back, the unabsorbed portion can be carried forward, under the capital loss carryover rules, to the year following the loss. Amended return (See Capital Losses under Reporting Capital Gains and Losses, later. Amended return ) Figure your capital loss carryover as if, for the loss year, you had an additional short-term capital gain of 40% of the amount of net section 1256 contracts loss absorbed in the carryback years and an additional long-term capital gain of 60% of the absorbed loss. Amended return In the carryover year, treat any capital loss carryover from losses on section 1256 contracts as if it were a loss from section 1256 contracts for that year. Amended return Net section 1256 contracts loss. Amended return   This loss is the lesser of: The net capital loss for your tax year determined by taking into account only the gains and losses from section 1256 contracts, or The capital loss carryover to the next tax year determined without this election. Amended return Net section 1256 contracts gain. Amended return   This gain is the lesser of: The capital gain net income for the carryback year determined by taking into account only gains and losses from section 1256 contracts, or The capital gain net income for that year. Amended return  Figure your net section 1256 contracts gain for any carryback year without regard to the net section 1256 contracts loss for the loss year or any later tax year. Amended return Traders in section 1256 contracts. Amended return   Gain or loss from the trading of section 1256 contracts is capital gain or loss subject to the marked-to-market rules. Amended return However, this does not apply to contracts held for purposes of hedging property if any loss from the property would be an ordinary loss. Amended return Treatment of underlying property. Amended return   The determination of whether an individual's gain or loss from any property is ordinary or capital gain or loss is made without regard to the fact that the individual is actively engaged in dealing in or trading section 1256 contracts related to that property. Amended return How To Report If you disposed of regulated futures or foreign currency contracts in 2013 (or had unrealized profit or loss on these contracts that were open at the end of 2012 or 2013), you should receive Form 1099-B, or substitute statement, from your broker. Amended return Form 6781. Amended return   Use Part I of Form 6781 to report your gains and losses from all section 1256 contracts that are open at the end of the year or that were closed out during the year. Amended return This includes the amount shown in box 10 of Form 1099-B. Amended return Then enter the net amount of these gains and losses on Schedule D (Form 1040), line 4 or line 11, as appropriate. Amended return Include a copy of Form 6781 with your income tax return. Amended return   If the Form 1099-B you receive includes a straddle or hedging transaction, defined later, it may be necessary to show certain adjustments on Form 6781. Amended return Follow the Form 6781 instructions for completing Part I. Amended return Loss carryback election. Amended return   To carry back your loss under the election procedures described earlier, file Form 1040X or Form 1045, Application for Tentative Refund, for the year to which you are carrying the loss with an amended Form 6781 and an amended Schedule D (Form 1040) attached. Amended return Follow the instructions for completing Form 6781 for the loss year to make this election. Amended return Hedging Transactions The marked-to-market rules, described earlier, do not apply to hedging transactions. Amended return A transaction is a hedging transaction if both of the following conditions are met. Amended return You entered into the transaction in the normal course of your trade or business primarily to manage the risk of: Price changes or currency fluctuations on ordinary property you hold (or will hold), or Interest rate or price changes, or currency fluctuations, on your current or future borrowings or ordinary obligations. Amended return You clearly identified the transaction as being a hedging transaction before the close of the day on which you entered into it. Amended return This hedging transaction exception does not apply to transactions entered into by or for any syndicate. Amended return A syndicate is a partnership, S corporation, or other entity (other than a regular corporation) that allocates more than 35% of its losses to limited partners or limited entrepreneurs. Amended return A limited entrepreneur is a person who has an interest in an enterprise (but not as a limited partner) and who does not actively participate in its management. Amended return However, an interest is not considered held by a limited partner or entrepreneur if the interest holder actively participates (or did so for at least 5 full years) in the management of the entity, or is the spouse, child (including a legally adopted child), grandchild, or parent of an individual who actively participates in the management of the entity. Amended return Hedging loss limit. Amended return   If you are a limited partner or entrepreneur in a syndicate, the amount of a hedging loss you can claim is limited. Amended return A “hedging loss” is the amount by which the allowable deductions in a tax year that resulted from a hedging transaction (determined without regard to the limit) are more than the income received or accrued during the tax year from this transaction. Amended return   Any hedging loss allocated to you for the tax year is limited to your taxable income for that year from the trade or business in which the hedging transaction occurred. Amended return Ignore any hedging transaction items in determining this taxable income. Amended return If you have a hedging loss that is disallowed because of this limit, you can carry it over to the next tax year as a deduction resulting from a hedging transaction. Amended return   If the hedging transaction relates to property other than stock or securities, the limit on hedging losses applies if the limited partner or entrepreneur is an individual. Amended return   The limit on hedging losses does not apply to any hedging loss to the extent that it is more than all your unrecognized gains from hedging transactions at the end of the tax year that are from the trade or business in which the hedging transaction occurred. Amended return The term “unrecognized gain” has the same meaning as defined under Loss Deferral Rules in Straddles, later. Amended return Sale of property used in a hedge. Amended return   Once you identify personal property as being part of a hedging transaction, you must treat gain from its sale or exchange as ordinary income, not capital gain. Amended return Self-Employment Income Gains and losses derived in the ordinary course of a commodity or option dealer's trading in section 1256 contracts and property related to these contracts are included in net earnings from self-employment. Amended return See the Instructions for Schedule SE (Form 1040). Amended return In addition, the rules relating to contributions to self-employment retirement plans apply. Amended return For information on retirement plan contributions, see Publication 560 and Publication 590. Amended return Basis of Investment Property Basis is a way of measuring your investment in property for tax purposes. Amended return You must know the basis of your property to determine whether you have a gain or loss on its sale or other disposition. Amended return Investment property you buy normally has an original basis equal to its cost. Amended return If you get property in some way other than buying it, such as by gift or inheritance, its fair market value may be important in figuring the basis. Amended return Cost Basis The basis of property you buy is usually its cost. Amended return The cost is the amount you pay in cash, debt obligations, or other property or services. Amended return Unstated interest. Amended return   If you buy property on a time-payment plan that charges little or no interest, the basis of your property is your stated purchase price, minus the amount considered to be unstated interest. Amended return You generally have unstated interest if your interest rate is less than the applicable federal rate. Amended return For more information, see Unstated Interest and Original Issue Discount (OID) in Publication 537. Amended return Basis Other Than Cost There are times when you must use a basis other than cost. Amended return In these cases, you may need to know the property's fair market value or the adjusted basis of the previous owner. Amended return Fair market value. Amended return   This is the price at which the property would change hands between a buyer and a seller, neither being forced to buy or sell and both having reasonable knowledge of all the relevant facts. Amended return Sales of similar property, around the same date, may be helpful in figuring fair market value. Amended return Property Received for Services If you receive investment property for services, you must include the property's fair market value in income. Amended return The amount you include in income then becomes your basis in the property. Amended return If the services were performed for a price that was agreed to beforehand, this price will be accepted as the fair market value of the property if there is no evidence to the contrary. Amended return Restricted property. Amended return   If you receive, as payment for services, property that is subject to certain restrictions, your basis in the property generally is its fair market value when it becomes substantially vested. Amended return Property becomes substantially vested when it is transferable or is no longer subject to substantial risk of forfeiture, whichever happens first. Amended return See Restricted Property in Publication 525 for more information. Amended return Bargain purchases. Amended return   If you buy investment property at less than fair market value, as payment for services, you must include the difference in income. Amended return Your basis in the property is the price you pay plus the amount you include in income. Amended return Property Received in Taxable Trades If you received investment property in trade for other property, the basis of the new property is its fair market value at the time of the trade unless you received the property in a nontaxable trade. Amended return Example. Amended return You trade A Company stock for B Company stock having a fair market value of $1,200. Amended return If the adjusted basis of the A Company stock is less than $1,200, you have a taxable gain on the trade. Amended return If the adjusted basis of the A Company stock is more than $1,200, you have a deductible loss on the trade. Amended return The basis of your B Company stock is $1,200. Amended return If you later sell the B Company stock for $1,300, you will have a gain of $100. Amended return Property Received in Nontaxable Trades If you have a nontaxable trade, you do not recognize gain or loss until you dispose of the property you received in the trade. Amended return See Nontaxable Trades , later. Amended return The basis of property you received in a nontaxable or partly nontaxable trade is generally the same as the adjusted basis of the property you gave up. Amended return Increase this amount by any cash you paid, additional costs you had, and any gain recognized. Amended return Reduce this amount by any cash or unlike property you received, any loss recognized, and any liability of yours that was assumed or treated as assumed. Amended return Property Received From Your Spouse If property is transferred to you from your spouse (or former spouse, if the transfer is incident to your divorce), your basis is the same as your spouse's or former spouse's adjusted basis just before the transfer. Amended return See Transfers Between Spouses , later. Amended return Recordkeeping. Amended return The transferor must give you the records necessary to determine the adjusted basis and holding period of the property as of the date of the transfer. Amended return Property Received as a Gift To figure your basis in property that you received as a gift, you must know its adjusted basis to the donor just before it was given to you, its fair market value at the time it was given to you, the amount of any gift tax paid on it, and the date it was given to you. Amended return Fair market value less than donor's adjusted basis. Amended return   If the fair market value of the property at the time of the gift was less than the donor's adjusted basis just before the gift, your basis for gain on its sale or other disposition is the same as the donor's adjusted basis plus or minus any required adjustments to basis during the period you hold the property. Amended return Your basis for loss is its fair market value at the time of the gift plus or minus any required adjustments to basis during the period you hold the property. Amended return No gain or loss. Amended return   If you use the basis for figuring a gain and the result is a loss, and then use the basis for figuring a loss and the result is a gain, you will have neither a gain nor a loss. Amended return Example. Amended return You receive a gift of investment property having an adjusted basis of $10,000 at the time of the gift. Amended return The fair market value at the time of the gift is $9,000. Amended return You later sell the property for $9,500. Amended return You have neither gain nor loss. Amended return Your basis for figuring gain is $10,000, and $9,500 minus $10,000 results in a $500 loss. Amended return Your basis for figuring loss is $9,000, and $9,500 minus $9,000 results in a $500 gain. Amended return Fair market value equal to or more than donor's adjusted basis. Amended return   If the fair market value of the property at the time of the gift was equal to or more than the donor's adjusted basis just before the gift, your basis for gain or loss on its sale or other disposition is the donor's adjusted basis plus or minus any required adjustments to basis during the period you hold the property. Amended return Also, you may be allowed to add to the donor's adjusted basis all or part of any gift tax paid, depending on the date of the gift. Amended return Gift received before 1977. Amended return   If you received property as a gift before 1977, your basis in the property is the donor's adjusted basis increased by the total gift tax paid on the gift. Amended return However, your basis cannot be more than the fair market value of the gift at the time it was given to you. Amended return Example 1. Amended return You were given XYZ Company stock in 1976. Amended return At the time of the gift, the stock had a fair market value of $21,000. Amended return The donor's adjusted basis was $20,000. Amended return The donor paid a gift tax of $500 on the gift. Amended return Your basis for gain or loss is $20,500, the donor's adjusted basis plus the amount of gift tax paid. Amended return Example 2. Amended return The facts are the same as in Example 1 except that the gift tax paid was $1,500. Amended return Your basis is $21,000, the donor's adjusted basis plus the gift tax paid, but limited to the fair market value of the stock at the time of the gift. Amended return Gift received after 1976. Amended return   If you received property as a gift after 1976, your basis is the donor's adjusted basis increased by the part of the gift tax paid that was for the net increase in value of the gift. Amended return You figure this part by multiplying the gift tax paid on the gift by a fraction. Amended return The numerator (top part) is the net increase in value of the gift and the denominator (bottom part) is the amount of the gift. Amended return   The net increase in value of the gift is the fair market value of the gift minus the donor's adjusted basis. Amended return The amount of the gift is its value for gift tax purposes after reduction by any annual exclusion and marital or charitable deduction that applies to the gift. Amended return Example. Amended return In 2013, you received a gift of property from your mother. Amended return At the time of the gift, the property had a fair market value of $101,000 and an adjusted basis to her of $40,000. Amended return The amount of the gift for gift tax purposes was $87,000 ($101,000 minus the $14,000 annual exclusion), and your mother paid a gift tax of $21,000. Amended return You figure your basis in the following way: Fair market value $101,000 Minus: Adjusted basis 40,000 Net increase in value of gift $61,000 Gift tax paid $21,000 Multiplied by . Amended return 701 ($61,000 ÷ $87,000) . Amended return 701 Gift tax due to net increase in value $14,721 Plus: Adjusted basis of property to  your mother 40,000 Your basis in the property $54,721 Part sale, part gift. Amended return   If you get property in a transfer that is partly a sale and partly a gift, your basis is the larger of the amount you paid for the property or the transferor's adjusted basis in the property at the time of the transfer. Amended return Add to that amount the amount of any gift tax paid on the gift, as described in the preceding discussion. Amended return For figuring loss, your basis is limited to the property's fair market value at the time of the transfer. Amended return Gift tax information. Amended return   For information on gift tax, see Publication 950, Introduction to Estate and Gift Taxes. Amended return For information on figuring the amount of gift tax to add to your basis, see Property Received as a Gift in Publication 551. Amended return Property Received as Inheritance Before or after 2010. Amended return   If you inherited property from a decedent who died before or after 2010, or who died in 2010 and the executor of the decedent's estate elected not to file Form 8939, Allocation of Increase in Basis for Property Acquired From a Decedent, your basis in that property generally is its fair market value (its appraised value on Form 706, United States Estate (and Generation-Skipping Transfer) Tax Return) on: The date of the decedent's death, or The later alternate valuation date if the estate qualifies for, and elects to use, alternate valuation. Amended return If no Form 706 was filed, use the appraised value on the date of death for state inheritance or transmission taxes. Amended return For stocks and bonds, if no Form 706 was filed and there are no state inheritance or transmission taxes, see the Form 706 instructions for figuring the fair market value of the stocks and bonds on the date of the decedent's death. Amended return Appreciated property you gave the decedent. Amended return   Your basis in certain appreciated property that you inherited is the decedent's adjusted basis in the property immediately before death rather than its fair market value. Amended return This applies to appreciated property that you or your spouse gave the decedent as a gift during the 1-year period ending on the date of death. Amended return Appreciated property is any property whose fair market value on the day you gave it to the decedent was more than its adjusted basis. Amended return More information. Amended return   See Publication 551 for more information on the basis of inherited property, including community property, property held by a surviving tenant in a joint tenancy or tenancy by the entirety, a qualified joint interest, and a farm or closely held business. Amended return Inherited in 2010 and executor elected to file Form 8939. Amended return   If you inherited property from a decedent who died in 2010 and the executor made the election to file Form 8939, see Publication 4895, Tax Treatment of Property Acquired From a Decedent Dying in 2010, to figure your basis. Amended return Adjusted Basis Before you can figure any gain or loss on a sale, exchange, or other disposition of property or figure allowable depreciation, depletion, or amortization, you usually must make certain adjustments (increases and decreases) to the basis of the property. Amended return The result of these adjustments to the basis is the adjusted basis. Amended return Adjustments to the basis of stocks and bonds are explained in the following discussion. Amended return For information about other adjustments to basis, see Publication 551. Amended return Stocks and Bonds The basis of stocks or bonds you own generally is the purchase price plus the costs of purchase, such as commissions and recording or transfer fees. Amended return If you acquired stock or bonds other than by purchase, your basis is usually determined by fair market value or the previous owner's adjusted basis as discussed earlier under Basis Other Than Cost . Amended return The basis of stock must be adjusted for certain events that occur after purchase. Amended return For example, if you receive more stock from nontaxable stock dividends or stock splits, you must reduce the basis of your original stock. Amended return You must also reduce your basis when you receive nondividend distributions (discussed in chapter 1). Amended return These distributions, up to the amount of your basis, are a nontaxable return of capital. Amended return The IRS partners with companies that offer Form 8949 and Schedule D (Form 1040) software that can import trades from many brokerage firms and accounting software to help you keep track of your adjusted basis in securities. Amended return To find out more, go to www. Amended return irs. Amended return gov/Filing/Filing-Options. Amended return Identifying stock or bonds sold. Amended return   If you can adequately identify the shares of stock or the bonds you sold, their basis is the cost or other basis of the particular shares of stock or bonds. Amended return Adequate identification. Amended return   You will make an adequate identification if you show that certificates representing shares of stock from a lot that you bought on a certain date or for a certain price were delivered to your broker or other agent. Amended return Broker holds stock. Amended return   If you have left the stock certificates with your broker or other agent, you will make an adequate identification if you: Tell your broker or other agent the particular stock to be sold or transferred at the time of the sale or transfer, and Receive a written confirmation of this from your broker or other agent within a reasonable time. Amended return  Stock identified this way is the stock sold or transferred even if stock certificates from a different lot are delivered to the broker or other agent. Amended return Single stock certificate. Amended return   If you bought stock in different lots at different times and you hold a single stock certificate for this stock, you will make an adequate identification if you: Tell your broker or other agent the particular stock to be sold or transferred when you deliver the certificate to your broker or other agent, and Receive a written confirmation of this from your broker or other agent within a reasonable time. Amended return   If you sell part of the stock represented by a single certificate directly to the buyer instead of through a broker, you will make an adequate identification if you keep a written record of the particular stock that you intend to sell. Amended return Bonds. Amended return   These methods of identification also apply to bonds sold or transferred. Amended return Identification not possible. Amended return   If you buy and sell securities at various times in varying quantities and you cannot adequately identify the shares you sell, the basis of the securities you sell is the basis of the securities you acquired first. Amended return Except for certain mutual fund shares, discussed later, you cannot use the average price per share to figure gain or loss on the sale of the shares. Amended return Example. Amended return You bought 100 shares of stock of XYZ Corporation in 1998 for $10 a share. Amended return In January 1999 you bought another 200 shares for $11 a share. Amended return In July 1999 you gave your son 50 shares. Amended return In December 2001 you bought 100 shares for $9 a share. Amended return In April 2013 you sold 130 shares. Amended return You cannot identify the shares you disposed of, so you must use the stock you acquired first to figure the basis. Amended return The shares of stock you gave your son had a basis of $500 (50 × $10). Amended return You figure the basis of the 130 shares of stock you sold in 2013 as follows: 50 shares (50 × $10) balance of stock bought in 1998 $ 500 80 shares (80 × $11) stock bought in January 1999 880 Total basis of stock sold in 2013 $1,380 Shares in a mutual fund or REIT. Amended return    The basis of shares in a mutual fund (or other regulated investment company) or a real estate investment trust (REIT) is generally figured in the same way as the basis of other stock and usually includes any commissions or load charges paid for the purchase. Amended return Example. Amended return You bought 100 shares of Fund A for $10 a share. Amended return You paid a $50 commission to the broker for the purchase. Amended return Your cost basis for each share is $10. Amended return 50 ($1,050 ÷ 100). Amended return Commissions and load charges. Amended return   The fees and charges you pay to acquire or redeem shares of a mutual fund are not deductible. Amended return You can usually add acquisition fees and charges to your cost of the shares and thereby increase your basis. Amended return A fee paid to redeem the shares is usually a reduction in the redemption price (sales price). Amended return   You cannot add your entire acquisition fee or load charge to the cost of the mutual fund shares acquired if all of the following conditions apply. Amended return You get a reinvestment right because of the purchase of the shares or the payment of the fee or charge. Amended return You dispose of the shares within 90 days of the purchase date. Amended return You acquire new shares in the same mutual fund or another mutual fund, for which the fee or charge is reduced or waived because of the reinvestment right you got when you acquired the original shares. Amended return   The amount of the original fee or charge in excess of the reduction in (3) is added to the cost of the original shares. Amended return The rest of the original fee or charge is added to the cost basis of the new shares (unless all three conditions above also apply to the purchase of the new shares). Amended return Choosing average basis for mutual fund shares. Amended return   You can choose to use the average basis of mutual fund shares if you acquired the identical shares at various times and prices, or you acquired the shares after 2010 in connection with a dividend reinvestment plan, and left them on deposit in an account kept by a custodian or agent. Amended return The methods you can use to figure average basis are explained later. Amended return Undistributed capital gains. Amended return   If you had to include in your income any undistributed capital gains of the mutual fund or REIT, increase your basis in the stock by the difference between the amount you included and the amount of tax paid for you by the fund or REIT. Amended return See Undistributed capital gains of mutual funds and REITs under Capital Gain Distributions in chapter 1. Amended return Reinvestment right. Amended return   This is the right to acquire mutual fund shares in the same or another mutual fund without paying a fee or load charge, or by paying a reduced fee or load charge. Amended return      The original cost basis of mutual fund shares you acquire by reinvesting your distributions is the amount of the distributions used to purchase each full or fractional share. Amended return This rule applies even if the distribution is an exempt-interest dividend that you do not report as income. Amended return Table 4-1. Amended return This is a worksheet you can use to keep track of the adjusted basis of your mutual fund shares. Amended return Enter the cost per share when you acquire new shares and any adjustments to their basis when the adjustment occurs. Amended return This worksheet will help you figure the adjusted basis when you sell or redeem shares. Amended return Table 4-1. Amended return Mutual Fund Record Mutual Fund Acquired1 Adjustment to Basis Per Share Adjusted2 Basis Per Share Sold or redeemed Date Number of Shares Cost Per Share Date Number of Shares                                                                                                                                                                                                                                                                         1 Include share received from reinvestment of distributions. Amended return 2 Cost plus or minus adjustments. Amended return Automatic investment service. Amended return   If you participate in an automatic investment service, your basis for each share of stock, including fractional shares, bought by the bank or other agent is the purchase price plus a share of the broker's commission. Amended return Dividend reinvestment plans. Amended return   If you participate in a dividend reinvestment plan and receive stock from the corporation at a discount, your basis is the full fair market value of the stock on the dividend payment date. Amended return You must include the amount of the discount in your income. Amended return Public utilities. Amended return   If, before 1986, you excluded from income the value of stock you had received under a qualified public utility reinvestment plan, your basis in that stock is zero. Amended return Stock dividends. Amended return   Stock dividends are distributions made by a corporation of its own stock. Amended return Generally, stock dividends are not taxable to you. Amended return However, see Distributions of Stock and Stock Rights under Dividends and Other Distributions in chapter 1 for some exceptions. Amended return If the stock dividends are not taxable, you must divide your basis for the old stock between the old and new stock. Amended return New and old stock identical. Amended return   If the new stock you received as a nontaxable dividend is identical to the old stock on which the dividend was declared, divide the adjusted basis of the old stock by the number of shares of old and new stock. Amended return The result is your basis for each share of stock. Amended return Example 1. Amended return You owned one share of common stock that you bought for $45. Amended return The corporation distributed two new shares of common stock for each share held. Amended return You then had three shares of common stock. Amended return Your basis in each share is $15 ($45 ÷ 3). Amended return Example 2. Amended return You owned two shares of common stock. Amended return You bought one for $30 and the other for $45. Amended return The corporation distributed two new shares of common stock for each share held. Amended return You had six shares after the distribution—three with a basis of $10 each ($30 ÷ 3) and three with a basis of $15 each ($45 ÷ 3). Amended return New and old stock not identical. Amended return   If the new stock you received as a nontaxable dividend is not identical to the old stock on which it was declared, the basis of the new stock is calculated differently. Amended return Divide the adjusted basis of the old stock between the old and the new stock in the ratio of the fair market value of each lot of stock to the total fair market value of both lots on the date of distribution of the new stock. Amended return Example. Amended return You bought a share of common stock for $100. Amended return Later, the corporation distributed a share of preferred stock for each share of common stock held. Amended return At the date of distribution, your common stock had a fair market value of $150 and the preferred stock had a fair market value of $50. Amended return You figure the basis of the old and new stock by dividing your $100 basis between them. Amended return The basis of your common stock is $75 (($150 ÷ $200) × $100), and the basis of the new preferred stock is $25 (($50 ÷ $200) × $100). Amended return Stock bought at various times. Amended return   Figure the basis of stock dividends received on stock you bought at various times and at different prices by allocating to each lot of stock the share of the stock dividends due to it. Amended return Taxable stock dividends. Amended return   If your stock dividend is taxable when you receive it, the basis of your new stock is its fair market value on the date of distribution. Amended return The basis of your old stock does not change. Amended return Stock splits. Amended return   Figure the basis of stock splits in the same way as stock dividends if identical stock is distributed on the stock held. Amended return Stock rights. Amended return   A stock right is a right to acquire a corporation's stock. Amended return It may be exercised, it may be sold if it has a market value, or it may expire. Amended return Stock rights are rarely taxable when you receive them. Amended return See Distributions of Stock and Stock Rights under Dividends and Other Distributions in chapter 1. Amended return Taxable stock rights. Amended return   If you receive stock rights that are taxable, the basis of the rights is their fair market value at the time of distribution. Amended return The basis of the old stock does not change. Amended return Nontaxable stock rights. Amended return   If you receive nontaxable stock rights and allow them to expire, they have no basis. Amended return   If you exercise or sell the nontaxable stock rights and if, at the time of distribution, the stock rights had a fair market value of 15% or more of the fair market value of the old stock, you must divide the adjusted basis of the old stock between the old stock and the stock rights. Amended return Use a ratio of the fair market value of each to the total fair market value of both at the time of distribution. Amended return   If the fair market value of the stock rights was less than 15%, their basis is zero. Amended return However, you can choose to divide the basis of the old stock between the old stock and the stock rights. Amended return To make the choice, attach a statement to your return for the year in which you received the rights, stating that you choose to divide the basis of the stock. Amended return Basis of new stock. Amended return   If you exercise the stock rights, the basis of the new stock is its cost plus the basis of the stock rights exercised. Amended return Example. Amended return You own 100 shares of ABC Company stock, which cost you $22 per share. Amended return The ABC Company gave you 10 nontaxable stock rights that would allow you to buy 10 more shares at $26 per share. Amended return At the time the stock rights were distributed, the stock had a market value of $30, not including the stock rights. Amended return Each stock right had a market value of $3. Amended return The market value of the stock rights was less than 15% of the market value of the stock, but you chose to divide the basis of your stock between the stock and the rights. Amended return You figure the basis of the rights and the basis of the old stock as follows: 100 shares × $22 = $2,200, basis of old stock   100 shares × $30 = $3,000, market value of old stock   10 rights × $3 = $30, market value of rights   ($3,000 ÷ $3,030) × $2,200 = $2,178. Amended return 22, new basis of old stock   ($30 ÷ $3,030) × $2,200 = $21. Amended return 78, basis of rights   If you sell the rights, the basis for figuring gain or loss is $2. Amended return 18 ($21. Amended return 78 ÷ 10) per right. Amended return If you exercise the rights, the basis of the stock you acquire is the price you pay ($26) plus the basis of the right exercised ($2. Amended return 18), or $28. Amended return 18 per share. Amended return The remaining basis of the old stock is $21. Amended return 78 per share. Amended return Investment property received in liquidation. Amended return   In general, if you receive investment property as a distribution in partial or complete liquidation of a corporation and if you recognize gain or loss when you acquire the property, your basis in the property is its fair market value at the time of the distribution. Amended return S corporation stock. Amended return   You must increase your basis in stock of an S corporation by your pro rata share of the following items. Amended return All income items of the S corporation, including tax-exempt income, that are separately stated and passed through to you as a shareholder. Amended return The nonseparately stated income of the S corporation. Amended return The amount of the deduction for depletion (other than oil and gas depletion) that is more than the basis of the property being depleted. Amended return   You must decrease your basis in stock of an S corporation by your pro rata share of the following items. Amended return Distributions by the S corporation that were not included in your income. Amended return All loss and deduction items of the S corporation that are separately stated and passed through to you. Amended return Any nonseparately stated loss of the S corporation. Amended return Any expense of the S corporation that is not deductible in figuring its taxable income and not properly chargeable to a capital account. Amended return The amount of your deduction for depletion of oil and gas wells to the extent the deduction is not more than your share of the adjusted basis of the wells. Amended return However, your basis in the stock cannot be reduced below zero. Amended return Specialized small business investment company stock or partnership interest. Amended return   If you bought this stock or interest as replacement property for publicly traded securities you sold at a gain, you must reduce the basis of the stock or interest by the amount of any postponed gain on that sale. Amended return See Rollover of Gain From Publicly Traded Securities , later. Amended return Qualified small business stock. Amended return   If you bought this stock as replacement property for other qualified small business stock you sold at a gain, you must reduce the basis of this replacement stock by the amount of any postponed gain on the earlier sale. Amended return See Gains on Qualified Small Business Stock , later. Amended return Short sales. Amended return   If you cannot deduct payments you make to a lender in lieu of dividends on stock used in a short sale, the amount you pay to the lender is a capital expense, and you must add it to the basis of the stock used to close the short sale. Amended return   See Payments in lieu of dividends , later, for information about deducting payments in lieu of dividends. Amended return Premiums on bonds. Amended return   If you buy a bond at a premium, the premium is treated as part of your basis in the bond. Amended return If you choose to amortize the premium paid on a taxable bond, you must reduce the basis of the bond by the amortized part of the premium each year over the life of the bond. Amended return   Although you cannot deduct the premium on a tax-exempt bond, you must amortize it to determine your adjusted basis in the bond. Amended return You must reduce the basis of the bond by the premium you amortized for the period you held the bond. Amended return   See Bond Premium Amortization in chapter 3 for more information. Amended return Market discount on bonds. Amended return   If you include market discount on a bond in income currently, increase the basis of your bond by the amount of market discount you include in your income. Amended return See Market Discount Bonds in chapter 1 for more information. Amended return Bonds purchased at par value. Amended return   A bond purchased at par value (face amount) has no premium or discount. Amended return When you sell or otherwise dispose of the bond, you figure the gain or loss by comparing the bond proceeds to the purchase price of the bond. Amended return Example. Amended return You purchased a bond several years ago for its par value of $10,000. Amended return You sold the bond this year for $10,100. Amended return You have a gain of $100. Amended return However, if you had sold the bond for $9,900, you would have a loss of $100. Amended return Acquisition discount on short-term obligations. Amended return   If you include acquisition discount on a short-term obligation in your income currently, increase the basis of the obligation by the amount of acquisition discount you include in your income. Amended return See Discount on Short-Term Obligations in chapter 1 for more information. Amended return Original issue discount (OID) on debt instruments. Amended return   Increase the basis of a debt instrument by the OID you include in your income. Amended return See Original Issue Discount (OID) in chapter 1. Amended return Discounted tax-exempt obligations. Amended return   OID on tax-exempt obligations is generally not taxable. Amended return However, when you dispose of a tax-exempt obligation issued after September 3, 1982, that you acquired after March 1, 1984, you must accrue OID on the obligation to determine its adjusted basis. Amended return The accrued OID is added to the basis of the obligation to determine your gain or loss. Amended return   For information on determining OID on a long-term obligation, see Debt Instruments Issued After July 1, 1982, and Before 1985 or Debt Instruments Issued After 1984, whichever applies, in Publication 1212 under Figuring OID on Long-Term Debt Instruments. Amended return   If the tax-exempt obligation has a maturity of 1 year or less, accrue OID under the rules for acquisition discount on short-term obligations. Amended return See Discount on Short-Term Obligations in chapter 1. Amended return Stripped tax-exempt obligation. Amended return   If you acquired a stripped tax-exempt bond or coupon after October 22, 1986, you must accrue OID on it to determine its adjusted basis when you dispose of it. Amended return For stripped tax-exempt bonds or coupons acquired after June 10, 1987, part of this OID may be taxable. Amended return You accrue the OID on these obligations in the manner described in chapter 1 under Stripped Bonds and Coupons . Amended return   Increase your basis in the stripped tax-exempt bond or coupon by the taxable and nontaxable accrued OID. Amended return Also increase your basis by the interest that accrued (but was not paid and was not previously reflected in your basis) before the date you sold the bond or coupon. Amended return In addition, for bonds acquired after June 10, 1987, add to your basis any accrued market discount not previously reflected in basis. Amended return How To Figure Gain or Loss You figure gain or loss on a sale or trade of property by comparing the amount you realize with the adjusted basis of the property. Amended return Gain. Amended return   If the amount you realize from a sale or trade is more than the adjusted basis of the property you transfer, the difference is a gain. Amended return Loss. Amended return   If the adjusted basis of the property you transfer is more than the amount you realize, the difference is a loss. Amended return Amount realized. Amended return   The amount you realize from a sale or trade of property is everything you receive for the property minus your expenses of sale (such as redemption fees, sales commissions, sales charges, or exit fees). Amended return Amount realized includes the money you receive plus the fair market value of any property or services you receive. Amended return   If you finance the buyer's purchase of your property and the debt instrument does not provide for adequate stated interest, the unstated interest that you must report as ordinary income will reduce the amount realized from the sale. Amended return For more information, see Publication 537. Amended return   If a buyer of property issues a debt instrument to the seller of the property, the amount realized is determined by reference to the issue price of the debt instrument, which may or may not be the fair market value of the debt instrument. Amended return See Regulations section 1. Amended return 1001-1(g). Amended return However, if the debt instrument was previously issued by a third party (one not part of the sale transaction), the fair market value of the debt instrument is used to determine the amount realized. Amended return Fair market value. Amended return   Fair market value is the price at which property would change hands between a buyer and a seller, neither being forced to buy or sell and both having reasonable knowledge of all the relevant facts. Amended return Example. Amended return You trade A Company stock with an adjusted basis of $7,000 for B Company stock with a fair market value of $10,000, which is your amount realized. Amended return Your gain is $3,000 ($10,000 – $7,000). Amended return If you also receive a note for $6,000 that has an issue price of $6,000, your gain is $9,000 ($10,000 + $6,000 – $7,000). Amended return Debt paid off. Amended return   A debt against the property, or against you, that is paid off as a part of the transaction or that is assumed by the buyer must be included in the amount realized. Amended return This is true even if neither you nor the buyer is personally liable for the debt. Amended return For example, if you sell or trade property that is subject to a nonrecourse loan, the amount you realize generally includes the full amount of the note assumed by the buyer even if the amount of the note is more than the fair market value of the property. Amended return Example. Amended return You sell stock that you had pledged as security for a bank loan of $8,000. Amended return Your basis in the stock is $6,000. Amended return The buyer pays off your bank loan and pays you $20,000 in cash. Amended return The amount realized is $28,000 ($20,000 + $8,000). Amended return Your gain is $22,000 ($28,000 – $6,000). Amended return Payment of cash. Amended return   If you trade property and cash for other property, the amount you realize is the fair market value of the property you receive. Amended return Determine your gain or loss by subtracting the cash you pay and the adjusted basis of the property you trade in from the amount you realize. Amended return If the result is a positive number, it is a gain. Amended return If the result is a negative number, it is a loss. Amended return No gain or loss. Amended return   You may have to use a basis for figuring gain that is different from the basis used for figuring loss. Amended return In this case, you may have neither a gain nor a loss. Amended return See No gain or loss in the discussion on the basis of property you received as a gift under Basis Other Than Cost, earlier. Amended return Special Rules for Mutual Funds To figure your gain or loss when you dispose of mutual fund shares, you need to determine which shares were sold and the basis of those shares. Amended return If your shares in a mutual fund were acquired all on the same day and for the same price, figuring their basis is not difficu