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Claim Social Security Income Taxes

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Claim Social Security Income Taxes

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Claim social security income taxes A Abandonment of home, Abandonment. Claim social security income taxes Abortion Deductibility as medical expense, Table 21-1. Claim social security income taxes Medical and Dental Expenses Checklist. Claim social security income taxes See Publication 502 for more information about these and other expenses. Claim social security income taxes Abroad, citizens traveling or working, Employees of foreign governments or international organizations. Claim social security income taxes , Foreign Employer, Travel Outside the United States, Travel Primarily for Business (see also Citizens outside U. Claim social security income taxes S. Claim social security income taxes ) (see also Foreign employment) Absence, temporary, Temporary absences. Claim social security income taxes , Temporary absences. Claim social security income taxes Accelerated death benefits, Accelerated Death Benefits, Exclusion for terminal illness. Claim social security income taxes Accident insurance, Accident or Health Plan Cafeteria plans, Cafeteria plans. Claim social security income taxes Long-term care, Long-term care coverage. Claim social security income taxes , Long-Term Care Insurance Contracts Accidental death benefits, Accidental death benefits. Claim social security income taxes Accidents, car, Deductible losses. Claim social security income taxes Value determination, Car value. Claim social security income taxes Willful negligence or intentional act as cause, Nondeductible losses. Claim social security income taxes Accountable plans for employee reimbursements, Accountable Plans, Related to employer. Claim social security income taxes Accountants Basis to include fees of, Cost Basis CPA review courses, Bar or CPA Review Course Accounting methods, Accounting Methods Accrual method (see Accrual method taxpayers) Cash method (see Cash method taxpayers) Change of Depreciation, to deduct unclaimed amount, Changing your accounting method to deduct unclaimed depreciation. Claim social security income taxes Accounting periods, Accounting Periods Calendar year, When Do I Have To File?, Accounting Periods, Accounting period. Claim social security income taxes Change in, standard deduction not allowed, Persons not eligible for the standard deduction. Claim social security income taxes Fiscal year, Accounting Periods, Fiscal year taxpayers. Claim social security income taxes , Fiscal Years Fringe benefits, Accounting period. Claim social security income taxes Accrual method taxpayers, Accrual method. 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Claim social security income taxes Employer assistance, Adoption Assistance Exception for adopted child, Exception for adopted child. Claim social security income taxes Exemption for child, Personal Expenses Expenses not deductible Foster care prior to, no charitable deduction, Foster parents. Claim social security income taxes No charitable deduction for, Personal Expenses Foreign child, Foreign child. Claim social security income taxes Medical and dental expenses of adopted child, Qualifying Child Taxpayer identification number, Adoption taxpayer identification number (ATIN). Claim social security income taxes , Taxpayer identification numbers for aliens. Claim social security income taxes Taxpayer identification numbers (TINs), Adoption taxpayer identification number (ATIN). 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Claim social security income taxes Travel Expenses You Can Deduct This chart summarizes expenses you can deduct when you travel away from home for business purposes. Claim social security income taxes Alaska Standard meal allowance, Standard meal allowance for areas outside the continental United States. Claim social security income taxes Alaska Permanent Fund dividends, Alaska Permanent Fund dividend. Claim social security income taxes Child's dividends, Child's Alaska Permanent Fund dividends. Claim social security income taxes Income from, You can use Form 1040EZ if all of the following apply. Claim social security income taxes , You can use Form 1040A if all of the following apply. Claim social security income taxes , Alaska Permanent Fund dividends. Claim social security income taxes Investment income not to include, Investment income. Claim social security income taxes Alaska Unemployment Compensation Fund, Contributions to state benefit funds. 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Claim social security income taxes , How To Deduct Alimony Paid, How To Report Alimony Received, Recapture Rule, Including the recapture in income. Claim social security income taxes , Deducting the recapture. Claim social security income taxes Definition of, Introduction Mortgage payments Interest deduction, Divorced or separated individuals. Claim social security income taxes Reporting of income, Alimony. Claim social security income taxes Alternative filing methods Electronic (see E-file ) Alternative minimum tax (AMT), Alternative Minimum Tax (AMT) Child's tax, figuring of, Alternative minimum tax. Claim social security income taxes Exempt-interest dividends, Alternative minimum tax treatment. Claim social security income taxes Filing requirements (Table 1-3), Figuring tax. Claim social security income taxes Incentive stock option, You can use Form 1040A if all of the following apply. Claim social security income taxes Nonrefundable credit for prior year tax, Nonrefundable Credit for Prior Year Minimum Tax Alternative motor vehicle credit, Alternative Motor Vehicle Credit, Amount of credit. Claim social security income taxes Ambulance service personnel Life insurance proceeds when death in line of duty, Public Safety Officer Killed in the Line of Duty Amended returns, Amended Returns and Claims for Refund, Form 1040X. Claim social security income taxes , Filing Form 1040X. Claim social security income taxes (see also Form 1040X) Itemized deduction, change to standard deduction, Changing your mind. Claim social security income taxes Standard deduction, change to itemized deductions, Changing your mind. Claim social security income taxes American citizens abroad, U. Claim social security income taxes S. Claim social security income taxes Citizens and Resident Aliens Living Abroad (see also Citizens outside U. Claim social security income taxes S. Claim social security income taxes ) Employment (see Foreign employment) American Indians (see Indians) American opportunity credit Tuition deduction and, Who Cannot Claim the Deduction American Samoa Income from, Individuals With Income From U. Claim social security income taxes S. Claim social security income taxes Possessions Amortization Bond premiums, treatment of, Amortization of bond premium. Claim social security income taxes AMT (see Alternative minimum tax (AMT)) Annuities, Rollovers (see also Rollovers) Cost computation, Cost (Investment in the Contract) Decedent's unrecovered investment in, Form W-2. Claim social security income taxes Early distributions from, Tax on Early Distributions Deferred annuity contracts, 5% rate on certain early distributions from deferred annuity contracts. Claim social security income taxes , Additional exceptions for nonqualified annuity contracts. Claim social security income taxes Estimated tax, Withholding and estimated tax. Claim social security income taxes Exclusion limit, Exclusion limit. Claim social security income taxes General Rule Annuity starting before November 19, 1996, Annuity starting before November 19, 1996. Claim social security income taxes Nonqualified plans and qualified plans for recipients over 75 years, Who must use the General Rule. Claim social security income taxes Purchased annuities, Purchased annuities. Claim social security income taxes Survivor's annuity, Survivors of retirees. Claim social security income taxes Guaranteed payments, Guaranteed payments. Claim social security income taxes IRAs as, Kinds of traditional IRAs. Claim social security income taxes Joint return, Joint return. Claim social security income taxes Loans from plan, Loans. Claim social security income taxes Lump-sum distributions, Lump-Sum Distributions Multiple plan benefits, More than one program. Claim social security income taxes , More than one annuity. Claim social security income taxes Partly taxable payments, Partly taxable payments. Claim social security income taxes Purchased annuities, Purchased annuities. Claim social security income taxes Reporting of, How To Report Retirement annuities, Retirement Plans, Pensions, and Annuities (see also Retirement plans) Rollovers, Rollovers Sale of, Sale of Annuity Gain as ordinary income, Tax-free exchange. Claim social security income taxes Simplified method to calculate tax-free part of annuity payment, Simplified Method Survivor's annuity, Survivors of retirees. Claim social security income taxes Worksheet for computation, How to use the Simplified Method. Claim social security income taxes Survivor annuities, Survivors and Beneficiaries Trade of insurance policies and annuities, Insurance policies and annuities. Claim social security income taxes Unrecovered investment, Unrecovered Investment in Annuity Withholding, Form W-2. Claim social security income taxes , Pensions and Annuities, Withholding and estimated tax. Claim social security income taxes Annulled marriages Filing status, Annulled marriages. Claim social security income taxes Anthrax incidents (see Terrorist attacks) Antiques (see Collectibles) Appliances Deterioration and damage, not casualty loss, Progressive deterioration. Claim social security income taxes Appraisal fees, Appraisal Fees Donated property, Appraisal Fees Not deductible as interest, Amounts charged for services. Claim social security income taxes Real estate transactions, when required by lender, Settlement costs. Claim social security income taxes Appraisals Casualty or theft losses, Appraisal. Claim social security income taxes , Costs of photographs and appraisals. Claim social security income taxes Archer MSAs, Medical savings accounts (MSAs). Claim social security income taxes Contributions, Archer MSA contributions. Claim social security income taxes Medical expenses paid for decedent from, Decedent Not deductible as medical expense, Table 21-1. Claim social security income taxes Medical and Dental Expenses Checklist. Claim social security income taxes See Publication 502 for more information about these and other expenses. Claim social security income taxes Armed forces, Types of Qualified Organizations, Table 24-1. Claim social security income taxes Examples of Charitable Contributions—A Quick Check, Armed Forces reservists. Claim social security income taxes (see also Reservists) (see also Veterans' organizations) Combat zone Extension to file return, Individuals Serving in Combat Zone Signing return for spouse, Spouse in combat zone. Claim social security income taxes Dependency allotments, Armed Forces dependency allotments. Claim social security income taxes Disability pay, Disability. Claim social security income taxes Disability pensions, Military and Government Disability Pensions GI Bill benefits, Tuition payments and allowances under the GI Bill. Claim social security income taxes Military, Military uniforms. Claim social security income taxes Military quarters allotments, Tax-exempt military quarters allowances. Claim social security income taxes Naval officers on permanent duty aboard ship, Members of the Armed Forces. Claim social security income taxes Permanent duty overseas, Members of the Armed Forces. Claim social security income taxes Real estate taxes when receiving housing allowance, Ministers' and military housing allowances. Claim social security income taxes , Ministers' and military housing allowance. Claim social security income taxes Rehabilitative program payments, Veterans' benefits. Claim social security income taxes Reserves, Armed Forces reservists traveling more than 100 miles from home. 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Claim social security income taxes ATIN (Adoption taxpayer identification number), Adoption taxpayer identification number (ATIN). Claim social security income taxes Attachment of wages, Garnisheed wages. Claim social security income taxes Attachments to return, Attachments Attorneys Bar review courses, Bar or CPA Review Course Attorneys' fees, Legal Expenses, Personal Legal Expenses Basis to include, Cost Basis Social security and railroad retirement benefits, deductions for, Legal expenses. Claim social security income taxes Title to property, for preparation, filing, etc. Claim social security income taxes , Settlement costs. Claim social security income taxes Audits Travel expense records, If your return is examined. Claim social security income taxes Auto insurance Medical expenses covered by, not deductible, Table 21-1. Claim social security income taxes Medical and Dental Expenses Checklist. Claim social security income taxes See Publication 502 for more information about these and other expenses. Claim social security income taxes Automatic extension of time to file, Automatic Extension, When to file. Claim social security income taxes Form 4868, E-file options. Claim social security income taxes Automatic investment services Holding period, determination of, Automatic investment service. Claim social security income taxes Awards (see Prizes and awards) Away-from-home travel (see Travel and transportation expenses) B Babysitting, Babysitting. Claim social security income taxes Back pay, award for, Back pay awards. Claim social security income taxes Emotional distress damages under title VII of Civil Rights Act of 1964, Court awards and damages. Claim social security income taxes Backup withholding, Backup Withholding, Backup withholding. Claim social security income taxes , Backup withholding. Claim social security income taxes Dividend income, Backup withholding. Claim social security income taxes , Reporting tax withheld. Claim social security income taxes Penalties, Penalties. Claim social security income taxes Bad debts Bank deposit, loss due to bank's insolvency or bankruptcy, Nonbusiness bad debt. Claim social security income taxes Reporting on Schedule D (Form 1040), How to report. Claim social security income taxes Claim for refund, Exceptions for special types of refunds. Claim social security income taxes , Filing a claim for refund. Claim social security income taxes Nonbusiness, Nonbusiness Bad Debts Recovery, Recoveries Reporting of, How to report bad debts. Claim social security income taxes Short-term capital loss, How to report bad debts. Claim social security income taxes When deductible, When deductible. Claim social security income taxes Baggage Business-related travel expense, Table 26-1. Claim social security income taxes Travel Expenses You Can Deduct This chart summarizes expenses you can deduct when you travel away from home for business purposes. Claim social security income taxes Balance due, Refund or balance due. Claim social security income taxes Bankruptcy Canceled debt not deemed to be income, Excluded debt. Claim social security income taxes Financial institution's bankruptcy causing deductible loss, Loss on Deposits Reporting of, Loss on deposits. Claim social security income taxes Banks Automatic investment service, determination of holding period, Automatic investment service. Claim social security income taxes IRAs with, When and How Can a Traditional IRA Be Opened? Losses on deposits, when casualty losses, Deposit in Insolvent or Bankrupt Financial Institution, Loss on Deposits Reporting of, Loss on deposits. Claim social security income taxes Money market accounts, Money Market Funds Bar associations Charitable contributions to, Contributions to Nonqualified Organizations Bar employees Tips (see Tip income) Bar review courses, Bar or CPA Review Course Bargain sales As charitable contributions, Bargain sales. Claim social security income taxes Basis of purchase, Bargain purchases. Claim social security income taxes Barter income, Bartering Definition of bartering, Bartering Form 1099-B, Form 1099-B from barter exchange. Claim social security income taxes Basis Adjusted basis, Adjusted Basis Allocation between business and personal use, Introduction Bad debts, Basis in bad debt required. Claim social security income taxes Bargain purchases, Bargain purchases. Claim social security income taxes Bonds, Stocks and Bonds, Bond premium. Claim social security income taxes Cost basis, Useful Items - You may want to see: IRAs for nondeductible contributions, Cost basis. Claim social security income taxes , Partly taxable. Claim social security income taxes Definition of, Introduction Gifts, Property Received as a Gift Home sales (see Sale of home) Improvements to real estate, Improvements. Claim social security income taxes Involuntary conversion, Involuntary Conversions Like-kind exchanges, Basis of property received. Claim social security income taxes Other than cost, Basis Other Than Cost, Tax-exempt obligations. Claim social security income taxes , No gain or loss. Claim social security income taxes Points not to be included, Settlement costs. Claim social security income taxes , Points. Claim social security income taxes Property received for services, Property Received for Services Real estate, Real Property Restricted property, Restricted property. Claim social security income taxes Stock or stock rights, Basis. Claim social security income taxes Tax-exempt obligations Bonds, Tax-exempt obligations. Claim social security income taxes Transfers between spouses, Property Transferred From a Spouse, Transfers Between Spouses Beetles Damage or destruction to trees and plants, when casualty loss, Progressive deterioration. Claim social security income taxes Beneficiaries, Beneficiary of an estate or trust. Claim social security income taxes , Rollover by surviving spouse. Claim social security income taxes , Estate and trust income. Claim social security income taxes , Losses. Claim social security income taxes (see also Estate beneficiaries) (see also Trust beneficiaries) Bequests, Estate and trust income. Claim social security income taxes , Losses. Claim social security income taxes , Gifts and inheritances. Claim social security income taxes , Income from property received as a gift. Claim social security income taxes (see also Estate beneficiaries) (see also Gifts) (see also Inheritance) Bicycle Fringe benefit, Qualified bicycle commuting. 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Claim social security income taxes Bookkeeping (see Recordkeeping requirements) Books to determine fair market value, Car value. Claim social security income taxes Borrowed funds, Loans. Claim social security income taxes , Items You Cannot Deduct (see also Loans) Used for charitable contributions, deduction for, Borrowed funds. Claim social security income taxes Bottled water, Table 21-1. Claim social security income taxes Medical and Dental Expenses Checklist. Claim social security income taxes See Publication 502 for more information about these and other expenses. Claim social security income taxes Boy Scouts Charitable contributions to, Examples. Claim social security income taxes , Table 24-1. Claim social security income taxes Examples of Charitable Contributions—A Quick Check Braille books, Table 21-1. Claim social security income taxes Medical and Dental Expenses Checklist. 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Claim social security income taxes Burglary Losses due to, Theft Burial expenses, List of Nondeductible Expenses (see Funerals) Business associates, Meals and Incidental Expenses, Entertainment Expenses (see also Entertainment expenses) Business travel to meet, Transportation Expenses Travel expenses of, paying for, Business associate. Claim social security income taxes Business expenses, Meals and Incidental Expenses, Entertainment Expenses (see also Entertainment expenses) Job search expenses, Job interview expenses. Claim social security income taxes Meal expenses (see Meal and lodging expenses) Reimbursements, Expense allowances. Claim social security income taxes , Allowances and reimbursements. Claim social security income taxes Returning excess for business expenses, Returning Excess Reimbursements Returning excess business expenses, Expense allowances. 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Claim social security income taxes Examples of Charitable Contributions—A Quick Check, Contributions to Nonqualified Organizations Capital assets Coal and iron ore, Coal and iron ore. Claim social security income taxes Definition of, Capital Assets and Noncapital Assets Capital expenses, Capital expenses. Claim social security income taxes Capital gains or losses, Capital Gains and Losses, How to report and postpone gain. Claim social security income taxes , Reporting Gains and Losses Bad debts as short-term capital loss, How to report bad debts. Claim social security income taxes Carryover of, Long-term gains and losses. Claim social security income taxes , Capital loss carryover. Claim social security income taxes Worksheet, Figuring your carryover. Claim social security income taxes Character of gain, Capital Gains and Losses Character of loss, Capital Gains and Losses Child's distributions and dividends, reporting of, Child's capital gain distributions. 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Claim social security income taxes , Individual Retirement Arrangements (IRAs) (see also Individual retirement arrangements (IRAs)) Chambers of commerce Charitable contributions to, Table 24-1. Claim social security income taxes Examples of Charitable Contributions—A Quick Check, Contributions to Nonqualified Organizations Entertainment expenses for attending meetings, Trade association meetings. Claim social security income taxes Change of address, Change of Address Change of name, Name change. Claim social security income taxes , Name changed. Claim social security income taxes Chaplains Life insurance proceeds when death in line of duty, Public Safety Officer Killed in the Line of Duty Charitable contributions, Contributions, Introduction, Organizations That Qualify To Receive Deductible Contributions, Types of Qualified Organizations, Contributions You Can Deduct, Contributions From Which You Benefit, Table 24-1. 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Claim social security income taxes Nursing care for healthy baby, not deductible as medical expense, Table 21-1. Claim social security income taxes Medical and Dental Expenses Checklist. Claim social security income taxes See Publication 502 for more information about these and other expenses. Claim social security income taxes Child custody, Custodial parent and noncustodial parent. Claim social security income taxes Child support, Child support payments. Claim social security income taxes Alimony, difference from, Payments not alimony. Claim social security income taxes , Alimony requirements. Claim social security income taxes , Child support. Claim social security income taxes Child tax credit, Who Should File, You can use Form 1040A if all of the following apply. Claim social security income taxes , Child tax credit. 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Claim social security income taxes Care providers, Childcare providers. Claim social security income taxes (see also Child care) Child's tax, figuring of, Step 3. Claim social security income taxes Figuring the Child's Tax (Form 8615, Part III) Alternative minimum tax, Alternative minimum tax. Claim social security income taxes Credit for, Who Should File, You can use Form 1040A if all of the following apply. Claim social security income taxes (see also Child and dependent care credit) (see also Child tax credit) Custody of, Custodial parent and noncustodial parent. Claim social security income taxes Death of child Head of household, qualifying person to file as, Death or birth. Claim social security income taxes , Death or birth. Claim social security income taxes Deductions, Line 2 (deductions). Claim social security income taxes Dividends of (see this heading: Investment income of child under age 18) Earnings of, Child's earnings. 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Interest and dividends, Certain Children Under Age 19 or Full-Time Students Parents' election to report on Form 1040, Certain Children Under Age 19 or Full-Time Students, Investment income of child reported on parent's return. Claim social security income taxes Kidnapped, Kidnapped child. Claim social security income taxes , Kidnapped child. Claim social security income taxes Net unearned income, figuring of, Step 1. Claim social security income taxes Figuring the Child's Net Unearned Income (Form 8615, Part I) Nontaxable income, Nontaxable income. Claim social security income taxes Property received as gift, income from, Income from property received as a gift. Claim social security income taxes Signing return, parent for child, Spouse unable to sign. Claim social security income taxes Standard deduction for, Introduction, Standard Deduction for Dependents Stillborn, Stillborn child. Claim social security income taxes Support of (see Child support) Tax credit (see Child tax credit) Tentative tax figured at parent's tax rate, Step 2. Claim social security income taxes Figuring Tentative Tax at the Parent's Tax Rate (Form 8615, Part II) Transporting school children, Transporting school children. Claim social security income taxes Unearned income of, Tax on unearned income of certain children. Claim social security income taxes Unearned income of certain children, Introduction Form 8615, use of (Figure 31-B), Parental information, providing of, Providing Parental Information (Form 8615, lines A–C) Parents' election to report on Form 1040, Parent's Election To Report Child's Interest and Dividends Trust income, Trust income. Claim social security income taxes Unearned income defined, Unearned income defined. Claim social security income taxes Chronic illness Accelerated payment of life insurance proceeds (see Accelerated death benefits) Long-term care (see Long-term care insurance contracts) Church employees Filing requirements (Table 1-3), Figuring tax. Claim social security income taxes Churches, temples, etc. Claim social security income taxes Charitable contributions to, Examples. Claim social security income taxes , Table 24-1. Claim social security income taxes Examples of Charitable Contributions—A Quick Check Convention delegates, deduction of unreimbursed expenses, Conventions. Claim social security income taxes Citizen or resident test, Citizen or Resident Test Citizens outside U. Claim social security income taxes S. Claim social security income taxes Business travel outside U. Claim social security income taxes S. Claim social security income taxes , Travel Outside the United States, Travel Primarily for Business, Travel Primarily for Personal Reasons Self-employed persons, Exception 1 - No substantial control. Claim social security income taxes Standard meal allowance, Standard meal allowance for areas outside the continental United States. Claim social security income taxes Earned income exclusion, Reminders Employment (see Foreign employment) Extension of time to file, Individuals Outside the United States Filing requirements, U. Claim social security income taxes S. Claim social security income taxes Citizens and Resident Aliens Living Abroad Withholding from IRA distributions, IRA distributions delivered outside the United States. Claim social security income taxes Civic associations Charitable contributions to, Contributions to Nonqualified Organizations Contributions to, no charitable deduction for, Table 24-1. Claim social security income taxes Examples of Charitable Contributions—A Quick Check Civil defense organizations Charitable contributions to, Examples. Claim social security income taxes Civil service retirement benefits, Civil service retirement benefits. Claim social security income taxes Civil suits, Court awards and damages. Claim social security income taxes (see also Damages from lawsuits) Civil tax penalties (see Penalties) Clergy, Ministers. Claim social security income taxes Contributions that can be spent as individual wishes, not deductible charitable contribution, Contributions to Individuals Housing, Clergy Real estate taxes when receiving housing allowance, Ministers' and military housing allowances. Claim social security income taxes , Ministers' and military housing allowance. Claim social security income taxes Life insurance proceeds when chaplain died in line of duty, Public Safety Officer Killed in the Line of Duty Pensions, Pension. 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Claim social security income taxes Examples of Charitable Contributions—A Quick Check Athletic events, amount deductible, Athletic events. Claim social security income taxes Education costs, Qualified tuition programs (QTPs). Claim social security income taxes (see also Qualified tuition programs) Employer-provided educational assistance, Qualified Education Expenses (see also Educational assistance) Combat zone Extension to file return, Individuals Serving in Combat Zone Signing return for spouse, Spouse in combat zone. Claim social security income taxes Commission drivers Deduction of expenses, Statutory employees. Claim social security income taxes Commissions, Supplemental Wages Advance, Advance commissions and other earnings. Claim social security income taxes IRAs with brokers, Brokers' commissions. Claim social security income taxes , Brokers' commissions. Claim social security income taxes Property basis to include when buyer pays, Settlement costs. 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Claim social security income taxes , Commuting Expenses Employer-provided commuter vehicle, Commuter highway vehicle. Claim social security income taxes Compensation, Wages, Salaries, and Other Earnings (see also Wages and salaries) Defined for IRA purposes, What is compensation? Defined for Roth IRA purposes, Compensation. Claim social security income taxes Employee, Employee Compensation Miscellaneous compensation, Miscellaneous Compensation Nonemployee, Nonemployee compensation. Claim social security income taxes Unemployment, Unemployment compensation. Claim social security income taxes Computation of tax, Computations Equal amounts, Equal amounts. Claim social security income taxes Negative amounts, Negative amounts. Claim social security income taxes Rounding off dollars, Rounding off dollars. Claim social security income taxes Computer, Depreciation on Computers Condemnation of property, Home destroyed or condemned. Claim social security income taxes , Condemnations. Claim social security income taxes Basis computation, Involuntary Conversions Disaster areas, government-ordered demolition of unsafe home, Deductible losses. Claim social security income taxes Period of ownership and use, Previous home destroyed or condemned. Claim social security income taxes Confidential information Privacy Act and paperwork reduction information, Reminders Travel expenses and, Confidential information. Claim social security income taxes Constructive receipt of income, Constructive receipt. Claim social security income taxes , Payment to an agent. Claim social security income taxes , Constructive receipt. Claim social security income taxes Contributions, Gift To Reduce Debt Held by the Public, Campaign contributions. Claim social security income taxes , Contributions, Table 24-1. Claim social security income taxes Examples of Charitable Contributions—A Quick Check, Contributions to Nonqualified Organizations, How To Report (see also Campaign contributions) (see also Charitable contributions) Nontaxable combat pay, Nontaxable combat pay. Claim social security income taxes Political, Political Contributions Reservist repayments, Qualified reservist repayments. Claim social security income taxes Retirement (see specific type of plan ) Controlled corporations Nontaxable stock purchase of, Property for stock of a controlled corporation. Claim social security income taxes Related party transactions, Losses on sales or trades of property. Claim social security income taxes Convenience fees, Credit or Debit Card Convenience Fees Conventions Delegates Deduction of unreimbursed expenses, Conventions. Claim social security income taxes Travel expenses, Conventions Travel expenses, Conventions Work-related education, deduction of travel expenses for overseas conventions, Cruises and conventions. Claim social security income taxes Conversion (see specific retirement or IRA plan ) Convertible stocks and bonds, Convertible stocks and bonds. Claim social security income taxes Cooperative housing Dwelling unit used as home, Introduction Mortgage interest statements, Form 1098, Mortgage Interest Statement Real estate taxes, deduction of, Tenant-shareholders in a cooperative housing corporation. Claim social security income taxes Sale or trade of Form 1099-S to report, Form 1099-S transactions. Claim social security income taxes Period of ownership and use, Cooperative apartment. Claim social security income taxes Cooperatives Patronage dividends, Patronage dividends. Claim social security income taxes Copyrights, Capital Assets and Noncapital Assets Infringement damages, Court awards and damages. Claim social security income taxes Royalties, Royalties Corporations, S Corporation Income (see also S corporations) Controlled corporations, Property for stock of a controlled corporation. Claim social security income taxes , Losses on sales or trades of property. Claim social security income taxes Director fees as self-employment income, Corporate director. Claim social security income taxes Reorganizations and nontaxable trade of stock, Corporate reorganizations. Claim social security income taxes Corrections (see Errors) Cosmetic surgery Not deductible as medical expense, Table 21-1. Claim social security income taxes Medical and Dental Expenses Checklist. Claim social security income taxes See Publication 502 for more information about these and other expenses. Claim social security income taxes Cosmetics Not deductible as medical expense, Table 21-1. Claim social security income taxes Medical and Dental Expenses Checklist. Claim social security income taxes See Publication 502 for more information about these and other expenses. Claim social security income taxes Cost basis, Useful Items - You may want to see: IRAs for nondeductible contributions, Cost basis. Claim social security income taxes , Partly taxable. Claim social security income taxes Cost-of-living allowances, Government cost-of-living allowances. Claim social security income taxes Country clubs Charitable contributions to, Contributions to Nonqualified Organizations Dues Charitable deduction not allowed, Table 24-1. Claim social security income taxes Examples of Charitable Contributions—A Quick Check, Membership fees or dues. Claim social security income taxes Entertainment expense deduction not allowed, Club dues and membership fees. Claim social security income taxes Coupon bonds, Coupon bonds. Claim social security income taxes Court awards and damages (see Damages from lawsuits) Cousin, Cousin. Claim social security income taxes Coverdell ESAs Additional tax on, Other taxes. Claim social security income taxes CPAs (see Accountants) Credit cards Annual fees, not deductible, Items You Cannot Deduct Benefits, taxability of insurance, Credit card insurance. Claim social security income taxes Charitable contributions charged to, Credit card. Claim social security income taxes Finance charges, not deductible, Personal Interest Payment of taxes, Reminders Credit for child and dependent care expenses, Credit for child and dependent care expenses. Claim social security income taxes , Credit for child and dependent care expenses. Claim social security income taxes Credit for prior year minimum tax Nonrefundable, Nonrefundable Credit for Prior Year Minimum Tax Credit for the elderly or the disabled, Credit for the elderly or the disabled. Claim social security income taxes , Credit for the elderly or the disabled. Claim social security income taxes Credit or debit cards Payment of taxes, E-file and pay by credit or debit card or by direct transfer from your bank account. Claim social security income taxes Credit reports Costs not included in property basis, Settlement costs. Claim social security income taxes Fees for, not deductible, Items You Cannot Deduct Credit to holders of tax credit bonds, Credit to Holders of Tax Credit Bonds Credits, Credits. Claim social security income taxes , Earned income credit. Claim social security income taxes , Credit for child and dependent care expenses. Claim social security income taxes , Credit for the elderly or the disabled. Claim social security income taxes , Earned income credit. Claim social security income taxes , Credit for child and dependent care expenses. Claim social security income taxes , Credit for the elderly or the disabled. Claim social security income taxes , Earned income credit. Claim social security income taxes Alternative motor vehicle, Alternative Motor Vehicle Credit American opportunity, Special Rules Build America bonds (see Credit to holders of tax credit bonds) Capital gains, undistributed, credit for tax on, Undistributed capital gains of mutual funds and REITs. Claim social security income taxes , Credit for Tax on Undistributed Capital Gain Child and dependent care, Child and Dependent Care Credit (see Child and dependent care credit) Child tax (see Child tax credit) Clean renewable energy bonds (see Credit to holders of tax credit bonds) Earned income, Earned Income Credit (EIC) (see Earned income credit) Elderly or the disabled, Credit for the Elderly or the Disabled Excess withholding, Credit for Excess Social Security Tax or Railroad Retirement Tax Withheld Foreign tax, Foreign Tax Credit Health coverage, Health Coverage Tax Credit Lifetime learning (see Lifetime learning credit) Mortgage interest, Mortgage Interest Credit Nonrefundable credits, Nonrefundable Credits Plug-in electric drive motor vehicle, Plug-in Electric Drive Motor Vehicle Credit Prior year minimum tax (AMT), nonrefundable, Nonrefundable Credit for Prior Year Minimum Tax Qualified energy conservation bonds (see Credit to holders of tax credit bonds) Qualified school construction bonds (see Credit to holders of tax credit bonds) Qualified zone academy bonds (see Credit to holders of tax credit bonds) Refundable credits, Refundable Credits Residential energy, Residential Energy Credits Retirement savings contribution, Retirement Savings Contributions Credit (Saver's Credit) Cremation Not deductible as medical expense, Table 21-1. Claim social security income taxes Medical and Dental Expenses Checklist. Claim social security income taxes See Publication 502 for more information about these and other expenses. Claim social security income taxes Criminal prosecutions Travel expenses for federal staff, Exception for federal crime investigations or prosecutions. Claim social security income taxes Cruises Travel expenses when incidental business activities, Trip Primarily for Personal Reasons Work-related education, deduction of expenses, Cruises and conventions. Claim social security income taxes Custodial fees, Investment Fees and Expenses Custody of child, Custodial parent and noncustodial parent. Claim social security income taxes Customers, Meals and Incidental Expenses, Entertainment Expenses (see also Entertainment expenses) Business travel to meet, Transportation Expenses Travel expenses of, paying for, Business associate. Claim social security income taxes D Daily allowance (see Per diem) Damage to property, Nonbusiness Casualty and Theft Losses (see also Casualty losses) Disasters, Employer's emergency disaster fund. Claim social security income taxes , Disaster relief. Claim social security income taxes (see also Disaster relief) Damages, Damages for Breach of Employment Contract Damages from lawsuits, Court awards and damages. Claim social security income taxes Medical expenses as part of settlement, Damages for Personal Injuries Dating your return, Signatures Daycare centers, You can use Form 1040A if all of the following apply. Claim social security income taxes , Childcare providers. Claim social security income taxes , Care outside your home. Claim social security income taxes (see also Child and dependent care credit) (see also Child care) De minimis benefits, De Minimis (Minimal) Benefits Deadlines (see Due dates) Death (see Decedents) Death benefits Accelerated, Accelerated Death Benefits, Exclusion for terminal illness. Claim social security income taxes Life insurance proceeds (see Life insurance) Public safety officers who died or were killed in line of duty, tax exclusion, Public Safety Officer Killed in the Line of Duty Death of child, Death or birth of child. Claim social security income taxes Death of dependent, Death or birth. Claim social security income taxes Debt instruments (see Bonds or Notes) Debts, Exceptions for special types of refunds. Claim social security income taxes , Recoveries (see also Bad debts) Canceled (see Cancellation of debt) Nonrecourse, Mortgage relief upon sale or other disposition. Claim social security income taxes Paid by another, Debts paid for you. Claim social security income taxes Payoff of debt included in sales transaction, Debt paid off. Claim social security income taxes Public, gifts to reduce, Gift To Reduce Debt Held by the Public Recourse, Mortgage relief upon sale or other disposition. Claim social security income taxes Refund offset against, Refunds. Claim social security income taxes , Offset against debts. Claim social security income taxes Deceased taxpayers (see Decedents) Decedents, Surviving Spouses, Executors, Administrators, and Legal Representatives (see also Executors and administrators) Capital loss of, Decedent's capital loss. Claim social security income taxes Deceased spouse, Surviving Spouses, Executors, Administrators, and Legal Representatives Personal exemption, Death of spouse. Claim social security income taxes Due dates, Filing for a decedent. Claim social security income taxes Filing requirements, Surviving Spouses, Executors, Administrators, and Legal Representatives Funeral expenses, Contributions to Individuals Medical and dental expenses, Decedent Savings bonds, Decedents. Claim social security income taxes Spouse's death, Spouse died during the year. Claim social security income taxes , Spouse died. Claim social security income taxes Standard deduction, Decedent's final return. Claim social security income taxes Transfer of property at death, Other property transactions. Claim social security income taxes Declaration of rights of taxpayers IRS request for information, Reminders Deduction Costs of discrimination suits, Deduction for costs involved in unlawful discrimination suits. Claim social security income taxes Deductions, Special Rules, Personal Exemptions and Dependents, Your Own Exemption, Recoveries, Nonbusiness Bad Debts, How to report bad debts. Claim social security income taxes , Capital Losses , Introduction, Standard Deduction, Points, Treatment by buyer. Claim social security income taxes , Meals and Incidental Expenses, Entertainment Expenses (see also Bad debts) (see also Capital losses) (see also Entertainment expenses) (see also Personal exemption) (see also Points) (see also Recovery of amounts previously deducted) (see also Standard deduction) Alimony, deductible by payer, How To Deduct Alimony Paid Casualty losses, Casualty and Theft Losses of Income-Producing Property (see Capital losses) Changing claim after filing, need to amend, Amended Returns and Claims for Refund Charitable contributions, Contributions, How To Report (see also Charitable contributions) Dental expenses (see Medical and dental expenses) Depreciation, Depreciation and section 179 deduction. Claim social security income taxes Educator expenses, Educator Expenses Estate, Excess Deductions of an Estate Fee-basis government officials, Special Rules Impairment-related work expenses, Impairment-Related Work Expenses, Impairment-related work expenses of disabled employees. Claim social security income taxes Interest (see Interest payments) Investment expenses, Investment expenses. Claim social security income taxes IRA contributions (see Individual retirement arrangements (IRAs)) Itemizing (see Itemized deductions) Long-term care insurance contracts, Table 21-1. Claim social security income taxes Medical and Dental Expenses Checklist. Claim social security income taxes See Publication 502 for more information about these and other expenses. Claim social security income taxes Medical expenses (see Medical and dental expenses) Mortgage interest, Hardest Hit Fund and Emergency Homeowners' Loan Programs. Claim social security income taxes (see Mortgages) Not itemizing, use of Form 1040A, You can use Form 1040A if all of the following apply. Claim social security income taxes Pass-through entities, Indirect Deductions of Pass-Through Entities Penalties, no deduction permitted, Penalties. Claim social security income taxes Performing artists' expenses, Expenses of certain performing artists. Claim social security income taxes Prepaid insurance premiums, Prepaid insurance premiums. Claim social security income taxes Prescription medicines, Table 21-1. Claim social security income taxes Medical and Dental Expenses Checklist. Claim social security income taxes See Publication 502 for more information about these and other expenses. Claim social security income taxes Rental expenses, When to deduct. Claim social security income taxes Repayments, Repayments Section 179 deductions Adjustment to basis for, Depreciation and section 179 deduction. Claim social security income taxes Car expenses, Depreciation and section 179 deductions. Claim social security income taxes Self-employed persons Health insurance premiums, Health Insurance Costs for Self-Employed Persons Social security and railroad retirement benefits, Deductions Related to Your Benefits Standard deduction, Standard Deduction, Married persons who filed separate returns. Claim social security income taxes Stop-smoking programs, Table 21-1. Claim social security income taxes Medical and Dental Expenses Checklist. Claim social security income taxes See Publication 502 for more information about these and other expenses. Claim social security income taxes Student loan interest deduction (see Student loans) Theft loss, Casualty and Theft Losses of Income-Producing Property Transportation expenses (see Travel and transportation expenses) Union dues (see Labor unions) Work-related education, What Expenses Can Be Deducted Deeds Preparation costs for, Amounts charged for services. Claim social security income taxes Recording fees, basis to include, Real estate taxes. Claim social security income taxes Deferred annuity contracts (see Annuities) Deferred compensation Limit, Elective deferrals. Claim social security income taxes Nonqualified plans, Nonqualified deferred compensation plans. Claim social security income taxes Deferred compensation plans (see Retirement plans) Delinquent taxes Real estate transactions, tax allocation, Real estate taxes for prior years. Claim social security income taxes Delivery services, Private delivery services. Claim social security income taxes Business-related travel expense, Table 26-1. Claim social security income taxes Travel Expenses You Can Deduct This chart summarizes expenses you can deduct when you travel away from home for business purposes. Claim social security income taxes Demutualization of life insurance companies, Demutualization of life insurance companies. Claim social security income taxes Dental expenses (see Medical and dental expenses) Dentures Deductibility as medical expense, Table 21-1. Claim social security income taxes Medical and Dental Expenses Checklist. Claim social security income taxes See Publication 502 for more information about these and other expenses. Claim social security income taxes Dependent care Benefits, Dependent care benefits. Claim social security income taxes , Dependent Care Benefits Center, Dependent care center. Claim social security income taxes Credit for, Child and Dependent Care Credit Dependent taxpayer test, Dependent Taxpayer Test Dependents, Who Should File, You can use Form 1040A if all of the following apply. Claim social security income taxes , Exception for adopted child. Claim social security income taxes , Filers who have certain child dependents with an Individual Taxpayer Identification Number (ITIN). Claim social security income taxes (see also Child tax credit) Birth of, Death or birth. Claim social security income taxes Born and died within year, Exception. Claim social security income taxes , Born and died in 2013. Claim social security income taxes Death of, Death or birth. Claim social security income taxes Deceased dependent's medical and dental expenses, What if you pay medical expenses of a deceased spouse or dependent? Disabled dependent care expenses, deduction for, Disabled Dependent Care Expenses Exemption for, Exemptions for Dependents Filing requirements, Child's earnings. Claim social security income taxes Earned income, unearned income, and gross income levels (Table 1-2), Do I Have To File a Return? Married, filing joint return, Joint Return Test, Joint Return Test (To Be a Qualifying Child) Medical and dental expenses, Dependent Qualifying child, Qualifying Child, Qualifying Child Qualifying relative, Qualifying Relative, Qualifying Child Social security number, Dependent's SSN. Claim social security income taxes Adoption taxpayer identification number, Adoption taxpayer identification number (ATIN). Claim social security income taxes , Taxpayer identification numbers for aliens. Claim social security income taxes Alien dependents, Born and died in 2013. Claim social security income taxes Standard deduction for, Standard Deduction for Dependents Travel expenses for, Travel expenses for another individual. Claim social security income taxes Tuition deduction for, Who Can Claim a Dependent's Expenses Dependents not allowed to claim dependents, Dependent Taxpayer Test Depletion allowance, Depletion. Claim social security income taxes Deposits, Fees and deposits. Claim social security income taxes Loss on, Loss on Deposits Losses on, Deposit in Insolvent or Bankrupt Financial Institution, Loss on Deposits Reporting of, Loss on deposits. Claim social security income taxes Depreciation Adjustment to basis for, Depreciation and section 179 deduction. Claim social security income taxes Cars, Depreciation and section 179 deductions. Claim social security income taxes Change of use of property, Basis for depreciation. Claim social security income taxes Computer, Depreciation on Computers Correcting amount claimed, Claiming the correct amount of depreciation. Claim social security income taxes Form 4562 Rental property depreciation, Depreciation Home computer, Depreciation on Home Computer Property used in trade or business, as noncapital assets, Capital Assets and Noncapital Assets Real property Gain from disposition of property, Depreciation after May 6, 1997. Claim social security income taxes Land, no depreciation of, Land. Claim social security income taxes Rental property, Depreciation. Claim social security income taxes , Depreciation Designated Roth Account Defined. Claim social security income taxes , Designated Roth accounts. Claim social security income taxes Designated Roth account, Designated Roth accounts. Claim social security income taxes , Designated Roth accounts. Claim social security income taxes Destroyed records, Destroyed records. Claim social security income taxes Diaper service, Table 21-1. Claim social security income taxes Medical and Dental Expenses Checklist. Claim social security income taxes See Publication 502 for more information about these and other expenses. Claim social security income taxes Differential wage payments, Differential wage payments. Claim social security income taxes Differential wages Wages for reservists Military reserves, Differential wage payments. Claim social security income taxes Direct deposit of refunds, Refunds Directors' fees, Corporate director. Claim social security income taxes Disabilities, persons with, Qualifying Person Test, Physically or mentally not able to care for oneself. Claim social security income taxes , Credit for the Elderly or the Disabled (see also Elderly or the disabled) Accrued leave payment, Accrued leave payment. Claim social security income taxes Armed forces, Disability. Claim social security income taxes Blind (see Blind persons) Cafeteria plans, Cafeteria plans. Claim social security income taxes Credit for (see Elderly or disabled, credit for) Dependent who is disabled, deduction for care expenses, Disabled Dependent Care Expenses Guide dogs, deductible as medical expense, Table 21-1. Claim social security income taxes Medical and Dental Expenses Checklist. Claim social security income taxes See Publication 502 for more information about these and other expenses. Claim social security income taxes Impairment-related work expenses of, Impairment-Related Work Expenses, Impairment-related work expenses of disabled employees. Claim social security income taxes Work-related education, Impairment-Related Work Expenses Insurance costs, Cost paid by you. Claim social security income taxes Military and government pensions, Military and Government Disability Pensions Public assistance benefits, Persons with disabilities. Claim social security income taxes Reporting of disability pension income, Disability Pensions Retirement, pensions, and profit-sharing plans, Sickness and Injury Benefits, Retirement and profit-sharing plans. Claim social security income taxes Signing of return by court-appointed representative, Court-appointed, conservator, or other fiduciary. Claim social security income taxes Social security and railroad retirement benefits, deductions for, Disability payments. Claim social security income taxes Special school or home for, deductibility of medical expense, Table 21-1. Claim social security income taxes Medical and Dental Expenses Checklist. Claim social security income taxes See Publication 502 for more information about these and other expenses. Claim social security income taxes Terrorist attack as cause of injury, disability payments excluded from taxation, Disability pensions. Claim social security income taxes Workers' compensation, Workers' Compensation Disability Income, Disability income. Claim social security income taxes Disability benefits Earned income credit, Form 4029. Claim social security income taxes Disability insurance payments Earned income credit, Disability insurance payments. Claim social security income taxes Disability, permanent and total disability, Permanent and total disability. Claim social security income taxes Disabled Child, Permanently and totally disabled. Claim social security income taxes Dependent, Disabled dependent working at sheltered workshop. Claim social security income taxes Disaster Assistance Act of 1988 Withholding, Federal Payments Disaster relief, Terrorist attack or military action. Claim social security income taxes , Disaster relief payments. Claim social security income taxes , Disaster relief. Claim social security income taxes (see also Terrorist attacks) Cash gifts to victims, Cash gifts. Claim social security income taxes Disaster Relief and Emergency Assistance Act Grants, Disaster relief grants. Claim social security income taxes Unemployment assistance, Types of unemployment compensation. Claim social security income taxes Employer's emergency disaster fund, Employer's emergency disaster fund. Claim social security income taxes Government-ordered demolition or relocation of home that is unsafe due to, Deductible losses. Claim social security income taxes Grants or payments, Disaster relief grants. Claim social security income taxes Replacement of lost or destroyed property, Disaster relief. Claim social security income taxes Discharge of qualified principal residence indebtedness, Discharges of qualified principal residence indebtedness. Claim social security income taxes , Adjusted Basis Disclosure statement, Disclosure statement. Claim social security income taxes Discount, bonds and notes issued at, Original Issue Discount (OID) Discounted debt instruments Capital gain or loss, Discounted Debt Instruments Discounts Employee discounts, effect on basis, Bargain purchases. Claim social security income taxes Distributions, Eligible rollover distributions. Claim social security income taxes (see also Rollovers) Early (see Early withdrawal from deferred interest account) Liquidating distributions, Liquidating Distributions Lump sum (see Lump-sum distributions) Nondividend distributions, Nondividend Distributions Qualified charitable, Qualified charitable distributions (QCD). Claim social security income taxes Qualified reservist, Qualified reservist distributions. Claim social security income taxes Required minimum distributions, Required distributions. Claim social security income taxes , Required distributions. Claim social security income taxes , When Must You Withdraw IRA Assets? (Required Minimum Distributions) (see also Individual retirement arrangements (IRAs)) (see also Pensions) Return of capital, Nondividend Distributions District of Columbia First-time homebuyer credit, Decreases to basis. Claim social security income taxes Dividends, Dividends and Other Distributions, Form 1099-DIV. Claim social security income taxes , More information. Claim social security income taxes (see also Form 1099-DIV) Alaska Permanent Fund (see Alaska Permanent Fund dividends) As stock dividends and stock rights, Distributions of Stock and Stock Rights Backup withholding, Backup withholding. Claim social security income taxes Beneficiary of estate or trust receiving, Beneficiary of an estate or trust. Claim social security income taxes Buying more stock with, Dividends Used to Buy More Stock Defined, Introduction Exempt-interest dividends, Other Distributions Expenses related to, deduction of, Expenses related to dividend income. Claim social security income taxes Fees to collect, Fees to Collect Interest and Dividends Foreign income, Reminder Holding period, determination of, Stock dividends. Claim social security income taxes Insurance dividends, Dividends on insurance policies. Claim social security income taxes Money market funds, Money Market Funds Nominees receiving on behalf of another, Nominees. Claim social security income taxes Nondividend distributions, Nondividend Distributions Ordinary dividends, Ordinary Dividends Patronage dividends, Patronage dividends. Claim social security income taxes Qualified, Qualified Dividends, Qualified dividends. Claim social security income taxes Real estate investment trusts (REITs) paying, Capital Gain Distributions Redemption treated as, Dividend versus sale or trade. Claim social security income taxes Reinvestment plans, Dividends Used to Buy More Stock Reporting of, How To Report Dividend Income As interest, Introduction Scrip dividends, Scrip dividends. Claim social security income taxes Sold stock, Dividends on stock sold. Claim social security income taxes Stockholder debts when canceled as, Stockholder debt. Claim social security income taxes Veterans' insurance, Dividends on veterans' insurance. Claim social security income taxes Divorced parents, Children of divorced or separated parents (or parents who live apart). Claim social security income taxes , Applying this special rule to divorced or separated parents (or parents who live apart). Claim social security income taxes Divorced taxpayers, Alimony. Claim social security income taxes (see also Alimony) Child and dependent care credit, Child of divorced or separated parents or parents living apart. Claim social security income taxes Child custody, Custodial parent and noncustodial parent. Claim social security income taxes Definition of divorce instrument for purposes of alimony, Divorce or separation instrument. Claim social security income taxes Estimated tax payments, Divorced Taxpayers Filing status, Divorced persons. Claim social security income taxes , Divorced persons. Claim social security income taxes IRAs, Kay Bailey Hutchison Spousal IRA. Claim social security income taxes , Transfers Incident to Divorce Medical and dental expenses of children of, Child of divorced or separated parents. Claim social security income taxes Mortgage interest, payment as alimony, Divorced or separated individuals. Claim social security income taxes Personal exemption, Divorced or separated spouse. Claim social security income taxes Real estate taxes, allocation of, Divorced individuals. Claim social security income taxes Transfers between spouses, Property Transferred From a Spouse, Transfers Between Spouses Use of home after divorce, Use of home after divorce. Claim social security income taxes Doctors' bills (see Medical and dental expenses) Documentary evidence Recordkeeping requirements, Documentary evidence. Claim social security income taxes Domestic help Withholding, Household workers. Claim social security income taxes Domestic help, no exemption for, Housekeepers, maids, or servants. Claim social security income taxes
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The Claim Social Security Income Taxes

Claim social security income taxes 9. Claim social security income taxes   Dispositions of Property Used in Farming Table of Contents Introduction Topics - This chapter discusses: Useful Items - You may want to see: Section 1231 Gains and LossesNonrecaptured section 1231 losses. Claim social security income taxes Depreciation RecaptureSection 1245 Property Section 1250 Property Installment Sale Other Dispositions Other GainsExceptions. Claim social security income taxes Amount to report as ordinary income. Claim social security income taxes Applicable percentage. Claim social security income taxes Amount to report as ordinary income. Claim social security income taxes Applicable percentage. Claim social security income taxes Introduction When you dispose of property used in your farm business, your taxable gain or loss is usually treated as ordinary income (which is taxed at the same rates as wages and interest income) or capital gain (which is generally taxed at lower rates) under the rules for section 1231 transactions. Claim social security income taxes When you dispose of depreciable property (section 1245 property or section 1250 property) at a gain, you may have to recognize all or part of the gain as ordinary income under the depreciation recapture rules. Claim social security income taxes Any gain remaining after applying the depreciation recapture rules is a section 1231 gain, which may be taxed as a capital gain. Claim social security income taxes Gains and losses from property used in farming are reported on Form 4797, Sales of Business Property. Claim social security income taxes Table 9-1 contains examples of items reported on Form 4797 and refers to the part of that form on which they first should be reported. Claim social security income taxes Topics - This chapter discusses: Section 1231 gains and losses Depreciation recapture Other gains Useful Items - You may want to see: Publication 544 Sales and Other Dispositions of Assets Form (and Instructions) 4797 Sales of Business Property See chapter 16 for information about getting publications and forms. Claim social security income taxes Section 1231 Gains and Losses Section 1231 gains and losses are the taxable gains and losses from section 1231 transactions (explained below). Claim social security income taxes Their treatment as ordinary or capital gains depends on whether you have a net gain or a net loss from all of your section 1231 transactions in the tax year. Claim social security income taxes Table 9-1. Claim social security income taxes Where to First Report Certain Items on Form 4797 Type of property Held 1 year  or less Held more than  1 year 1 Depreciable trade or business property:       a Sold or exchanged at a gain Part II Part III (1245, 1250)   b Sold or exchanged at a loss Part II Part I 2 Farmland held less than 10 years for which soil, water, or land clearing expenses were deducted:       a Sold at a gain Part II Part III (1252)   b Sold at a loss Part II Part I 3 All other farmland Part II Part I 4 Disposition of cost-sharing payment property described in section 126 Part II Part III (1255) 5 Cattle and horses used in a trade or business for draft, breeding, dairy, or sporting purposes: Held less  than 24 mos. Claim social security income taxes Held 24 mos. Claim social security income taxes  or more   a Sold at a gain Part II Part III (1245)   b Sold at a loss Part II Part I   c Raised cattle and horses sold at a gain Part II Part I 6 Livestock other than cattle and horses used in a trade or business for draft, breeding, dairy, or sporting purposes: Held less  than 12 mos. Claim social security income taxes Held 12 mos. Claim social security income taxes   or more   a Sold at a gain Part II Part III (1245)   b Sold at a loss Part II Part I   c Raised livestock sold at a gain Part II Part I If you have a gain from a section 1231 transaction, first determine whether any of the gain is ordinary income under the depreciation recapture rules (explained later). Claim social security income taxes Do not take that gain into account as section 1231 gain. Claim social security income taxes Section 1231 transactions. Claim social security income taxes   Gain or loss on the following transactions is subject to section 1231 treatment. Claim social security income taxes Sale or exchange of cattle and horses. Claim social security income taxes The cattle and horses must be held for draft, breeding, dairy, or sporting purposes and held for 24 months or longer. Claim social security income taxes Sale or exchange of other livestock. Claim social security income taxes This livestock must be held for draft, breeding, dairy, or sporting purposes and held for 12 months or longer. Claim social security income taxes Other livestock includes hogs, mules, sheep, goats, donkeys, and other fur-bearing animals. Claim social security income taxes Other livestock does not include poultry. Claim social security income taxes Sale or exchange of depreciable personal property. Claim social security income taxes This property must be used in your business and held longer than 1 year. Claim social security income taxes Generally, property held for the production of rents or royalties is considered to be used in a trade or business. Claim social security income taxes Examples of depreciable personal property include farm machinery and trucks. Claim social security income taxes It also includes amortizable section 197 intangibles. Claim social security income taxes Sale or exchange of real estate. Claim social security income taxes This property must be used in your business and held longer than 1 year. Claim social security income taxes Examples are your farm or ranch (including barns and sheds). Claim social security income taxes Sale or exchange of unharvested crops. Claim social security income taxes The crop and land must be sold, exchanged, or involuntarily converted at the same time and to the same person, and the land must have been held longer than 1 year. Claim social security income taxes You cannot keep any right or option to reacquire the land directly or indirectly (other than a right customarily incident to a mortgage or other security transaction). Claim social security income taxes Growing crops sold with a leasehold on the land, even if sold to the same person in a single transaction, are not included. Claim social security income taxes Distributive share of partnership gains and losses. Claim social security income taxes Your distributive share must be from the sale or exchange of property listed above and held longer than 1 year (or for the required period for certain livestock). Claim social security income taxes Cutting or disposal of timber. Claim social security income taxes Special rules apply if you owned the timber longer than 1 year and elect to treat timber cutting as a sale or exchange, or you enter into a cutting contract, as described in chapter 8 under Timber . Claim social security income taxes Condemnation. Claim social security income taxes The condemned property (defined in chapter 11) must have been held longer than 1 year. Claim social security income taxes It must be business property or a capital asset held in connection with a trade or business or a transaction entered into for profit, such as investment property. Claim social security income taxes It cannot be property held for personal use. Claim social security income taxes Casualty or theft. Claim social security income taxes The casualty or theft must have affected business property, property held for the production of rents or royalties, or investment property (such as notes and bonds). Claim social security income taxes You must have held the property longer than 1 year. Claim social security income taxes However, if your casualty or theft losses are more than your casualty or theft gains, neither the gains nor the losses are taken into account in the section 1231 computation. Claim social security income taxes Section 1231 does not apply to personal casualty gains and losses. Claim social security income taxes See chapter 11 for information on how to treat those gains and losses. Claim social security income taxes If the property is not held for the required holding period, the transaction is not subject to section 1231 treatment, and any gain or loss is ordinary income reported in Part II of Form 4797. Claim social security income taxes See Table 9-1. Claim social security income taxes Property for sale to customers. Claim social security income taxes   A sale, exchange, or involuntary conversion of property held mainly for sale to customers is not a section 1231 transaction. Claim social security income taxes If you will get back all, or nearly all, of your investment in the property by selling it rather than by using it up in your business, it is property held mainly for sale to customers. Claim social security income taxes Treatment as ordinary or capital. Claim social security income taxes   To determine the treatment of section 1231 gains and losses, combine all of your section 1231 gains and losses for the year. Claim social security income taxes If you have a net section 1231 loss, it is an ordinary loss. Claim social security income taxes If you have a net section 1231 gain, it is ordinary income up to your nonrecaptured section 1231 losses from previous years, explained next. Claim social security income taxes The rest, if any, is long-term capital gain. Claim social security income taxes Nonrecaptured section 1231 losses. Claim social security income taxes   Your nonrecaptured section 1231 losses are your net section 1231 losses for the previous 5 years that have not been applied against a net section 1231 gain by treating the gain as ordinary income. Claim social security income taxes These losses are applied against your net section 1231 gain beginning with the earliest loss in the 5-year period. Claim social security income taxes Example. Claim social security income taxes In 2013, Ben has a $2,000 net section 1231 gain. Claim social security income taxes To figure how much he has to report as ordinary income and long-term capital gain, he must first determine his section 1231 gains and losses from the previous 5-year period. Claim social security income taxes From 2008 through 2012 he had the following section 1231 gains and losses. Claim social security income taxes Year Amount 2008 -0- 2009 -0- 2010 ($2,500) 2011 -0- 2012 $1,800   Ben uses this information to figure how to report his net section 1231 gain for 2013 as shown below. Claim social security income taxes 1) Net section 1231 gain (2013) $2,000 2) Net section 1231 loss (2010) ($2,500)   3) Net section 1231 gain (2012) 1,800   4) Remaining net section 1231 loss from prior 5 years ($700)   5) Gain treated as  ordinary income $700 6) Gain treated as long-term  capital gain $1,300 His remaining net section 1231 loss from 2010 is completely recaptured in 2013. Claim social security income taxes Depreciation Recapture If you dispose of depreciable or amortizable property at a gain, you may have to treat all or part of the gain (even if it is otherwise nontaxable) as ordinary income. Claim social security income taxes To figure any gain that must be reported as ordinary income, you must keep permanent records of the facts necessary to figure the depreciation or amortization allowed or allowable on your property. Claim social security income taxes For more information, see chapter 3 of Publication 544. Claim social security income taxes Section 1245 Property A gain on the disposition of section 1245 property is treated as ordinary income to the extent of depreciation allowed or allowable. Claim social security income taxes Any recognized gain that is more than the part that is ordinary income is a section 1231 gain. Claim social security income taxes See Treatment as ordinary or capital under Section 1231 Gains and Losses , earlier. Claim social security income taxes Section 1245 property includes any property that is or has been subject to an allowance for depreciation or amortization and that is any of the following types of property. Claim social security income taxes Personal property (either tangible or intangible). Claim social security income taxes Other tangible property (except buildings and their structural components) used as any of the following. Claim social security income taxes See Buildings and structural components below. Claim social security income taxes An integral part of manufacturing, production, or extraction, or of furnishing certain services. Claim social security income taxes A research facility in any of the activities in (a). Claim social security income taxes A facility in any of the activities in (a) above, for the bulk storage of fungible commodities (discussed later). Claim social security income taxes That part of real property (not included in (2)) with an adjusted basis reduced by (but not limited to) the following. Claim social security income taxes Amortization of certified pollution control facilities. Claim social security income taxes The section 179 expense deduction. Claim social security income taxes Deduction for clean-fuel vehicles and certain refueling property. Claim social security income taxes Expenditures to remove architectural and transportation barriers to the handicapped and elderly. Claim social security income taxes Certain reforestation expenditures (as described under Reforestation Costs in chapter 7. Claim social security income taxes Single purpose agricultural (livestock) or horticultural structures. Claim social security income taxes Storage facilities (except buildings and their structural components) used in distributing petroleum or any primary product of petroleum. Claim social security income taxes Buildings and structural components. Claim social security income taxes   Section 1245 property does not include buildings and structural components. Claim social security income taxes The term building includes a house, barn, warehouse, or garage. Claim social security income taxes The term structural component includes walls, floors, windows, doors, central air conditioning systems, light fixtures, etc. Claim social security income taxes   Do not treat a structure that is essentially machinery or equipment as a building or structural component. Claim social security income taxes Also, do not treat a structure that houses property used as an integral part of an activity as a building or structural component if the structure's use is so closely related to the property's use that the structure can be expected to be replaced when the property it initially houses is replaced. Claim social security income taxes   The fact that the structure is specially designed to withstand the stress and other demands of the property and cannot be used economically for other purposes indicates it is closely related to the use of the property it houses. Claim social security income taxes Structures such as oil and gas storage tanks, grain storage bins, and silos are not treated as buildings, but as section 1245 property. Claim social security income taxes Facility for bulk storage of fungible commodities. Claim social security income taxes   This is a facility used mainly for the bulk storage of fungible commodities. Claim social security income taxes Bulk storage means storage of a commodity in a large mass before it is used. Claim social security income taxes For example, if a facility is used to store oranges that have been sorted and boxed, it is not used for bulk storage. Claim social security income taxes To be fungible, a commodity must be such that one part may be used in place of another. Claim social security income taxes Gain Treated as Ordinary Income The gain treated as ordinary income on the sale, exchange, or involuntary conversion of section 1245 property, including a sale and leaseback transaction, is the lesser of the following amounts. Claim social security income taxes The depreciation (which includes any section 179 deduction claimed) and amortization allowed or allowable on the property. Claim social security income taxes The gain realized on the disposition (the amount realized from the disposition minus the adjusted basis of the property). Claim social security income taxes For any other disposition of section 1245 property, ordinary income is the lesser of (1) above or the amount by which its fair market value (FMV) is more than its adjusted basis. Claim social security income taxes For details, see chapter 3 of Publication 544. Claim social security income taxes Use Part III of Form 4797 to figure the ordinary income part of the gain. Claim social security income taxes Depreciation claimed on other property or claimed by other taxpayers. Claim social security income taxes   Depreciation and amortization include the amounts you claimed on the section 1245 property as well as the following depreciation and amortization amounts. Claim social security income taxes Amounts you claimed on property you exchanged for, or converted to, your section 1245 property in a like-kind exchange or involuntary conversion. Claim social security income taxes For details on exchanges of property that are not taxable, see Like-Kind Exchanges in chapter 8. Claim social security income taxes Amounts a previous owner of the section 1245 property claimed if your basis is determined with reference to that person's adjusted basis (for example, the donor's depreciation deductions on property you received as a gift and part of the transfer is a sale or exchange). Claim social security income taxes Example. Claim social security income taxes Jeff Free paid $120,000 for a tractor in 2012. Claim social security income taxes On February 23, 2013, he traded it for a chopper and paid an additional $30,000. Claim social security income taxes To figure his depreciation deduction on the chopper for the current year, Jeff continues to use the basis of the tractor as he would have before the trade. Claim social security income taxes Jeff can also depreciate the additional $30,000 for the chopper. Claim social security income taxes Depreciation and amortization. Claim social security income taxes   Depreciation and amortization deductions that must be recaptured as ordinary income include (but are not limited to) the following items. Claim social security income taxes See Depreciation Recapture in chapter 3 of Publication 544 for more details. Claim social security income taxes Ordinary depreciation deductions. Claim social security income taxes Section 179 deduction (see chapter 7). Claim social security income taxes Any special depreciation allowance. Claim social security income taxes Amortization deductions for all the following costs. Claim social security income taxes Acquiring a lease. Claim social security income taxes Lessee improvements. Claim social security income taxes Pollution control facilities. Claim social security income taxes Reforestation expenses. Claim social security income taxes Section 197 intangibles. Claim social security income taxes Qualified disaster expenses. Claim social security income taxes Franchises, trademarks, and trade names acquired before August 11, 1993. Claim social security income taxes Example. Claim social security income taxes You file your returns on a calendar year basis. Claim social security income taxes In February 2011, you bought and placed in service for 100% use in your farming business a light-duty truck (5-year property) that cost $10,000. Claim social security income taxes You used the half-year convention and your MACRS deductions for the truck were $1,500 in 2011 and $2,550 in 2012. Claim social security income taxes You did not claim the section 179 expense deduction for the truck. Claim social security income taxes You sold it in May 2013 for $7,000. Claim social security income taxes The MACRS deduction in 2013, the year of sale, is $893 (½ of $1,785). Claim social security income taxes Figure the gain treated as ordinary income as follows. Claim social security income taxes 1) Amount realized $7,000 2) Cost (February 2011) $10,000   3) Depreciation allowed or allowable (MACRS deductions: $1,500 + $2,550 + $893) 4,943   4) Adjusted basis (subtract line 3 from line 2) $5,057 5) Gain realized (subtract line 4 from line 1) 1,943 6) Gain treated as ordinary income (lesser of line 3 or line 5) $1,943 Depreciation allowed or allowable. Claim social security income taxes   You generally use the greater of the depreciation allowed or allowable when figuring the part of gain to report as ordinary income. Claim social security income taxes If, in prior years, you have consistently taken proper deductions under one method, the amount allowed for your prior years will not be increased even though a greater amount would have been allowed under another proper method. Claim social security income taxes If you did not take any deduction at all for depreciation, your adjustments to basis for depreciation allowable are figured by using the straight line method. Claim social security income taxes This treatment applies only when figuring what part of the gain is treated as ordinary income under the rules for section 1245 depreciation recapture. Claim social security income taxes Disposition of plants and animals. Claim social security income taxes   If you elect not to use the uniform capitalization rules (see chapter 6), you must treat any plant you produce as section 1245 property. Claim social security income taxes If you have a gain on the property's disposition, you must recapture the pre-productive expenses you would have capitalized if you had not made the election by treating the gain, up to the amount of these expenses, as ordinary income. Claim social security income taxes For section 1231 transactions, show these expenses as depreciation on Form 4797, Part III, line 22. Claim social security income taxes For plant sales that are reported on Schedule F (1040), Profit or Loss From Farming, this recapture rule does not change the reporting of income because the gain is already ordinary income. Claim social security income taxes You can use the farm-price method or the unit-livestock-price method discussed in  chapter 2 to figure these expenses. Claim social security income taxes Example. Claim social security income taxes Janet Maple sold her apple orchard in 2013 for $80,000. Claim social security income taxes Her adjusted basis at the time of sale was $60,000. Claim social security income taxes She bought the orchard in 2006, but the trees did not produce a crop until 2009. Claim social security income taxes Her pre-productive expenses were $6,000. Claim social security income taxes She elected not to use the uniform capitalization rules. Claim social security income taxes Janet must treat $6,000 of the gain as ordinary income. Claim social security income taxes Section 1250 Property Section 1250 property includes all real property subject to an allowance for depreciation that is not and never has been section 1245 property. Claim social security income taxes It includes buildings and structural components that are not section 1245 property (discussed earlier). Claim social security income taxes It includes a leasehold of land or section 1250 property subject to an allowance for depreciation. Claim social security income taxes A fee simple interest in land is not section 1250 property because, like land, it is not depreciable. Claim social security income taxes Gain on the disposition of section 1250 property is treated as ordinary income to the extent of additional depreciation allowed or allowable. Claim social security income taxes To determine the additional depreciation on section 1250 property, see Depreciation Recapture in chapter 3 of Publication 544. Claim social security income taxes You will not have additional depreciation if any of the following apply to the property disposed of. Claim social security income taxes You figured depreciation for the property using the straight line method or any other method that does not result in depreciation that is more than the amount figured by the straight line method and you have held the property longer than 1 year. Claim social security income taxes You chose the alternate ACRS (straight line) method for the property, which was a type of 15-, 18-, or 19-year real property covered by the section 1250 rules. Claim social security income taxes The property was nonresidential real property placed in service after 1986 (or after July 31, 1986, if the choice to use MACRS was made) and you held it longer than 1 year. Claim social security income taxes These properties are depreciated using the straight line method. Claim social security income taxes Installment Sale If you report the sale of property under the installment method, any depreciation recapture under section 1245 or 1250 is taxable as ordinary income in the year of sale. Claim social security income taxes This applies even if no payments are received in that year. Claim social security income taxes If the gain is more than the depreciation recapture income, report the rest of the gain using the rules of the installment method. Claim social security income taxes For this purpose, include the recapture income in your installment sale basis to determine your gross profit on the installment sale. Claim social security income taxes If you dispose of more than one asset in a single transaction, you must separately figure the gain on each asset so that it may be properly reported. Claim social security income taxes To do this, allocate the selling price and the payments you receive in the year of sale to each asset. Claim social security income taxes Report any depreciation recapture income in the year of sale before using the installment method for any remaining gain. Claim social security income taxes For more information on installment sales, see chapter 10. Claim social security income taxes Other Dispositions Chapter 3 of Publication 544 discusses the tax treatment of the following transfers of depreciable property. Claim social security income taxes By gift. Claim social security income taxes At death. Claim social security income taxes In like-kind exchanges. Claim social security income taxes In involuntary conversions. Claim social security income taxes Publication 544 also explains how to handle a single transaction involving multiple properties. Claim social security income taxes Other Gains This section discusses gain on the disposition of farmland for which you were allowed either of the following. Claim social security income taxes Deductions for soil and water conservation expenditures (section 1252 property). Claim social security income taxes Exclusions from income for certain cost sharing payments (section 1255 property). Claim social security income taxes Section 1252 property. Claim social security income taxes   If you disposed of farmland you held more than 1 year and less than 10 years at a gain and you were allowed deductions for soil and water conservation expenses for the land, as discussed in chapter 5, you must treat part of the gain as ordinary income and treat the balance as section 1231 gain. Claim social security income taxes Exceptions. Claim social security income taxes   Do not treat gain on the following transactions as gain on section 1252 property. Claim social security income taxes Disposition of farmland by gift. Claim social security income taxes Transfer of farm property at death (except for income in respect of a decedent). Claim social security income taxes For more information, see Regulations section 1. Claim social security income taxes 1252-2. Claim social security income taxes Amount to report as ordinary income. Claim social security income taxes   You report as ordinary income the lesser of the following amounts. Claim social security income taxes Your gain (determined by subtracting the adjusted basis from the amount realized from a sale, exchange, or involuntary conversion, or the FMV for all other dispositions). Claim social security income taxes The total deductions allowed for soil and water conservation expenses multiplied by the applicable percentage, discussed next. Claim social security income taxes Applicable percentage. Claim social security income taxes   The applicable percentage is based on the length of time you held the land. Claim social security income taxes If you dispose of your farmland within 5 years after the date you acquired it, the percentage is 100%. Claim social security income taxes If you dispose of the land within the 6th through 9th year after you acquired it, the applicable percentage is reduced by 20% a year for each year or part of a year you hold the land after the 5th year. Claim social security income taxes If you dispose of the land 10 or more years after you acquired it, the percentage is 0%, and the entire gain is a section 1231 gain. Claim social security income taxes Example. Claim social security income taxes You acquired farmland on January 19, 2005. Claim social security income taxes On October 3, 2013, you sold the land at a $30,000 gain. Claim social security income taxes Between January 1 and October 3, 2013, you incur soil and water conservation expenditures of $15,000 for the land that are fully deductible in 2013. Claim social security income taxes The applicable percentage is 40% since you sold the land within the 8th year after you acquired it. Claim social security income taxes You treat $6,000 (40% of $15,000) of the $30,000 gain as ordinary income and the $24,000 balance as a section 1231 gain. Claim social security income taxes Section 1255 property. Claim social security income taxes   If you receive certain cost-sharing payments on property and you exclude those payments from income (as discussed in chapter 3), you may have to treat part of any gain as ordinary income and treat the balance as a section 1231 gain. Claim social security income taxes If you chose not to exclude these payments, you will not have to recognize ordinary income under this provision. Claim social security income taxes Amount to report as ordinary income. Claim social security income taxes   You report as ordinary income the lesser of the following amounts. Claim social security income taxes The applicable percentage of the total excluded cost-sharing payments. Claim social security income taxes The gain on the disposition of the property. Claim social security income taxes You do not report ordinary income under this rule to the extent the gain is recognized as ordinary income under sections 1231 through 1254, 1256, and 1257. Claim social security income taxes However, if applicable, gain reported under this rule must be reported regardless of any contrary provisions (including nonrecognition provisions) under any other section. Claim social security income taxes Applicable percentage. Claim social security income taxes   The applicable percentage of the excluded cost-sharing payments to be reported as ordinary income is based on the length of time you hold the property after receiving the payments. Claim social security income taxes If the property is held less than 10 years after you receive the payments, the percentage is 100%. Claim social security income taxes After 10 years, the percentage is reduced by 10% a year, or part of a year, until the rate is 0%. Claim social security income taxes Form 4797, Part III. Claim social security income taxes   Use Form 4797, Part III, to figure the ordinary income part of a gain from the sale, exchange, or involuntary conversion of section 1252 property and section 1255 property. Claim social security income taxes Prev  Up  Next   Home   More Online Publications