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Filing State Income Tax

Form 1040 For 2011 Tax YearAmend My ReturnIrs Tax Tables 2010Tax Cut Hr BlockIrs Gov State Tax FormsState Tax Forms To Print OutFree Income Tax Preparation 2007State Tax Return Forms2009 1040 Tax FormFree E File Tax Return1040a Tax FormFree Tax Software Online2012 Tax Form 1040ezFree Federal Tax Filing For 2011Hand R Block Free FileFree H & R Block Filing1o40ezHow To Amend Federal Tax ReturnTaxes Due 2012Free Irs Tax Filing 1040ez1040ez Free Online FilingHow To File An Amendment1040ez 2012 FormAmmended Tax ReturnWww Irs Gov E FileWww Irs Gov FreefileTax AmendHow Can I File My 2012 Taxes Online For FreeE File Amended 1040xState Taxes For Free1040ez Instructions 2013Amend My 2011 TaxHow To Amend A Prior Year Tax ReturnEz Form 2012Hr Block Tax CutCan You Do State Taxes For FreeState Tax Return OnlineForm 1040 XH And R Block Free For MilitaryH&r Block 1040x Online

Filing State Income Tax

Filing state income tax Publication 561 - Additional Material Table of Contents Tax Publications for Individual Taxpayers and Commonly Used Tax Forms Tax Publications for Individual Taxpayers and Commonly Used Tax Forms. Filing state income tax  Summary: This is a listing of tax publications and commonly used tax forms. Filing state income tax The text states:Tax Publications for Individual Taxpayers. Filing state income tax  See How to Get Tax Help for a variety of ways to get publications, including by computer, phone, and mail. Filing state income tax General Guides. Filing state income tax   1--Your Rights as a Taxpayer 17--Your Federal Income Tax (For Individuals) 334--Tax Guide for Small Business (For Individuals Who Use Schedule C or C-EZ) 509--Tax Calendars for 2007 553--Highlights of 2006 Tax Changes 910--IRS Guide to Free Tax Services Specialized Publications. Filing state income tax   3--Armed Forces' Tax Guide 54--Tax Guide for U. Filing state income tax S. Filing state income tax Citizens and Residents Aliens Abroad 225--Farmer's Tax Guide 463--Travel, Entertainment, Gift, and Car Expenses 501--Exemptions, Standard Deduction, and Filing Information 502--Medical and Dental Expenses 503--Child and Dependent Care Expenses 504--Divorced or Separated Individuals 505--Tax Withholding and Estimated Tax 514--Foreign Tax Credit for Individuals 516--U. Filing state income tax S. Filing state income tax Government Civilian Employees Stationed Abroad 517--Social Security and Other Information for Members of the Clergy and Religious Workers 519--U. Filing state income tax S. Filing state income tax Tax Guide for Aliens 520--Scholarships and Fellowships 521--Moving Expenses 523--Selling Your Home 524--Credit for the Elderly or the Disabled 525--Taxable and Nontaxable Income 526--Charitable Contributions 527--Residential Rental Property 529--Miscellaneous Deductions 530--Tax Information for First-Time Homeowners 531--Reporting Tip Income 536--Net Operating Losses (NOLs) for Individuals, Estates, and Trusts 537--Installment Sales 541--Partnerships 544--Sales and Other Dispositions of Assets 547--Casualties, Disasters, and Thefts 550--Investment Income and Expenses 551--Basis of Assets 552--Recordkeeping for Individuals 554--Older Americans' Tax Guide 555--Community Property 556--Examination of Returns, Appeal Rights, and Claims for Refund 559--Survivors, Executors, and Administrators 561--Determining the Value of Donated Property 564--Mutual Fund Distributions 570--Tax Guide for Individuals With Income From U. Filing state income tax S. Filing state income tax Possessions 571--Tax-Sheltered Annuity Plans (403(b) Plans) 575--Pension and Annuity Income 584--Casualty, Disaster, and Theft Loss Workbook (Personal-Use Property) 587--Business Use of Your Home (Including Use by Daycare Providers) 590--Individual Retirement Arrangements (IRAs) 593--Tax Highlights for U. Filing state income tax S. Filing state income tax Citizens and Residents Going Abroad 594--What You Should Know About the IRS Collection Process 596--Earned Income Credit (EIC) 721--Tax Guide to U. Filing state income tax S. Filing state income tax Civil Service Retirement Benefits 901--U. Filing state income tax S. Filing state income tax Tax Treaties 907--Tax Highlights for Persons with Disabilities 908--Bankruptcy Tax Guide 915--Social Security and Equivalent Railroad Retirement Benefits 919--How Do I Adjust My Tax Withholding? 925--Passive Activity and At-Risk Rules 926--Household Employer's Tax Guide 929--Tax Rules for Children and Dependents 936--Home Mortgage Interest Deduction 946--How to Depreciate Property 947--Practice Before the IRS and Power of Attorney 950--Introduction to Estate and Gift Taxes 967--The IRS Will Figure Your Tax 969--Health Savings Accounts and Other Tax-Favored Health Plans 970--Tax Benefits for Education 971--Innocent Spouse Relief 972--Child Tax Credit 1542--Per Diem Rates 1544--Reporting Cash Payments of Over $10,000 (Received in a Trade or Business) 1546--The Taxpayer Advocate Service of the IRS - How to Get Help With Unresolved Tax Problems Spanish Language Publications. Filing state income tax   1SP--Derechos del Contribuyente 579SP--Cómo Preparar la Declaración de Impuesto Federal 594SP--Que es lo que Debemos Saber sobre el Proceso de Cobro del IRS 596SP--Crédito por Ingreso del Trabajo 850--English-Spanish Glossary of Words and Phrases Used in Publications Issued by the Internal Revenue Service 1544SP--Informe de Pagos en Efectivo en Exceso de $10,000 (Recibidos en una Ocupación o Negocio) Commonly Used Tax Forms. Filing state income tax  See How To Get Tax Help for a variety of ways to get forms, including by computer, fax, phone, and mail. Filing state income tax 1040--U. Filing state income tax S. Filing state income tax Individual Income Tax Return Schedule A&B--Itemized Deductions & Interest and Ordinary Dividends Schedule C--Profit or Loss From Business Schedule C-EZ--Net Profit From Business Schedule D--Capital Gains and Losses Schedule D-1--Continuation Sheet for Schedule D Schedule E--Supplemental Income and Loss Schedule EIC--Earned Income Credit Schedule F--Profit or Loss From Farming Schedule H--Household Employment Taxes Schedule J--Income Averaging for Farmers and Fishermen Schedule R--Credit for the Elderly or the Disabled Schedule SE--Self-Employment Tax 1040A--U. Filing state income tax S. Filing state income tax Individual Income Tax Return Schedule 1--Interest and Ordinary Dividends for Form 1040A Filers Schedule 2--Child and Dependent Care Expenses for Form 1040A Filers Schedule 3--Credit for the Elderly or the Disabled for Form 1040A Filers 1040EZ--Income Tax Return for Single and Joint Filers With No Dependents 1040-ES--Estimated Tax for Individuals 1040X--Amended U. Filing state income tax S. Filing state income tax Individual Income Tax Return 2106--Employee Business Expenses 2106-EZ--Unreimbursed Employee Business Expenses 2210--Underpayment of Estimated Tax by Individuals, Estates, and Trusts 2441--Child and Dependent Care Expenses 2848--Power of Attorney and Declaration of Representative 3903--Moving Expenses 4562--Depreciation and Amortization 4868--Application for Automatic Extension of Time To File U. Filing state income tax S. Filing state income tax Individual Income Tax Return 4952--Investment Interest Expense Deduction 5329--Additional Taxes on Qualified Plans (Including IRAs) and Other Tax-Favored Accounts 6251--Alternative Minimum Tax--Individuals 8283--Noncash Charitable Contributions 8582--Passive Activity Loss Limitations 8606--Nondeductible IRAs 8812--Additional Child Tax Credit 8822--Change of Address 8829--Expenses for Business Use of Your Home 8863--Education Credits 9465--Installment Agreement Request Prev  Up  Next   Home   More Online Publications
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Mobile App Gallery API Documentation

About the API

The USA.gov Mobile Apps Gallery and GobiernoUSA.gov Aplicaciones (apps) móviles feature mobile apps and websites from government agencies on a variety of platforms in English and Spanish.

The Mobile App Gallery API can be used to retrieve information about all of the apps in the galleries.

If you are using the Mobile App Gallery API and have feedback or want to tell us about your product, please e-mail us.

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Accessing the API

Our Mobile App Gallery API is accessible via HTTP GET requests and does not require a login or API key to use.

The base URL for the API is http://apps.usa.gov/apps-gallery/api/. Append the API call you'd like to make to this URL.

There are 4 URLs available to query against.

Query Examples

Error Handling

  • HTTP Code 500 = internal server error
  • HTTP Code 200 = results found
  • HTTP Code 404 = query error

JSONP

API Data Model

The following fields are associated with mobile apps. Please note that not every record has data in every field, and the API will only return completed fields.

  • Id - Unique Sytem Id of the app.
  • Name – The name of the app.
  • Organization – The agency or organization for the app.
  • Friendly_URL – The URL to the app on the USA.gov or GobiernoUSA.gov App Gallery.
  • Short_Description – A short description of the app.
  • Long_Description – A long description of the app. Please note that the long description may include HTML coding.
  • Language – Whether the app is in English or Spanish.
  • Icon – The path to the icon for the app.
  • Agency - Agency associated with the app as an array.
  • Version_Details - List of version avaiable for the app as an array.

Additionally, each Version Detail secion includes following sub-data elements.

  • Version_Number - This version's number,
  • Published - The date this version of the app was published.
  • Description - Description of this version, should be similar to the registration's long description,
  • Store_Url -The URL to download or access the app.
  • Whats_New - Description of changes or features distinct to this version.
  • Platform - Operating System this version is available for.
  • Device - List of device types this version is available for as an array.
  • Rating - Average rating of this version.
  • Rating_Count - Number of ratings given.
  • Screenshot - List of url paths to screenshots of the app as an array.
  • Video - List of url paths to videos of the app as an array.
  • Language - Whether this version is in English or Spanish.

Results

All results are in json format.

No Results

{
        "metadata": {
            "uri":    "http://apps.usa.gov/apps-gallery/api/registrations.json?Name=NotFound",
            "count":  0,
            "offset": null
        },
        "results": []
    }

Good Results

{
        "metadata": {
            "uri":    "http://apps.usa.gov/apps-gallery/api/registrations.json?limit=3",
            "count":  3,
            "limit":  3,
            "offset": 1
        },
        "results": [ {},{},{} ]
    }

JSONP Results

fname({
        "metadata": {
            "uri":    "http://apps.usa.gov/apps-gallery/api/registrations.json?limit=3&_callback=fname",
            "count":  3,
            "limit":  3,
            "offset": 1
        },
        "results": [ {},{},{} ]
    });

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Terms of Service

By using this data, you agree to the Terms of Service.

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The Filing State Income Tax

Filing state income tax 11. Filing state income tax   Casualties, Thefts, and Condemnations Table of Contents Introduction Topics - This chapter discusses: Useful Items - You may want to see: Casualties and TheftsDeductible losses. Filing state income tax Nondeductible losses. Filing state income tax Family pet. Filing state income tax Progressive deterioration. Filing state income tax Decline in market value of stock. Filing state income tax Mislaid or lost property. Filing state income tax Farming Losses How To Figure a Loss Deduction Limits on Losses of Personal-Use Property When Loss Is Deductible Proof of Loss Figuring a Gain Other Involuntary ConversionsCondemnation Irrigation Project Livestock Losses Tree Seedlings Postponing GainException. Filing state income tax Related persons. Filing state income tax Replacement Property Replacement Period How To Postpone Gain Disaster Area LossesWho is eligible. Filing state income tax Covered disaster area. Filing state income tax Reporting Gains and Losses Introduction This chapter explains the tax treatment of casualties, thefts, and condemnations. Filing state income tax A casualty occurs when property is damaged, destroyed, or lost due to a sudden, unexpected, or unusual event. Filing state income tax A theft occurs when property is stolen. Filing state income tax A condemnation occurs when private property is legally taken for public use without the owner's consent. Filing state income tax A casualty, theft, or condemnation may result in a deductible loss or taxable gain on your federal income tax return. Filing state income tax You may have a deductible loss or a taxable gain even if only a portion of your property was affected by a casualty, theft, or condemnation. Filing state income tax An involuntary conversion occurs when you receive money or other property as reimbursement for a casualty, theft, condemnation, disposition of property under threat of condemnation, or certain other events discussed in this chapter. Filing state income tax If an involuntary conversion results in a gain and you buy qualified replacement property within the specified replacement period, you can postpone reporting the gain on your income tax return. Filing state income tax For more information, see Postponing Gain , later. Filing state income tax Topics - This chapter discusses: Casualties and thefts How to figure a loss or gain Other involuntary conversions Postponing gain Disaster area losses Reporting gains and losses Drought involving property connected with a trade or business or a transaction entered into for profit Useful Items - You may want to see: Publication 523 Selling Your Home 525 Taxable and Nontaxable Income 536 Net Operating Losses (NOLs) for Individuals, Estates, and Trusts 544 Sales and Other Dispositions of Assets 547 Casualties, Disasters, and Thefts 584 Casualty, Disaster, and Theft Loss Workbook (Personal-Use Property) 584-B Business Casualty, Disaster, and Theft Loss Workbook Form (and Instructions) Sch A (Form 1040) Itemized Deductions Sch D (Form 1040) Capital Gains and Losses Sch F (Form 1040) Profit or Loss From Farming 4684 Casualties and Thefts 4797 Sales of Business Property See chapter 16 for information about getting publications and forms. Filing state income tax Casualties and Thefts If your property is destroyed, damaged, or stolen, you may have a deductible loss. Filing state income tax If the insurance or other reimbursement is more than the adjusted basis of the destroyed, damaged, or stolen property, you may have a taxable gain. Filing state income tax Casualty. Filing state income tax   A casualty is the damage, destruction, or loss of property resulting from an identifiable event that is sudden, unexpected, or unusual. Filing state income tax A sudden event is one that is swift, not gradual or progressive. Filing state income tax An unexpected event is one that is ordinarily unanticipated and unintended. Filing state income tax An unusual event is one that is not a day-to-day occurrence and that is not typical of the activity in which you were engaged. Filing state income tax Deductible losses. Filing state income tax   Deductible casualty losses can result from a number of different causes, including the following. Filing state income tax Airplane crashes. Filing state income tax Car, truck, or farm equipment accidents not resulting from your willful act or willful negligence. Filing state income tax Earthquakes. Filing state income tax Fires (but see Nondeductible losses next for exceptions). Filing state income tax Floods. Filing state income tax Freezing. Filing state income tax Government-ordered demolition or relocation of a home that is unsafe to use because of a disaster as discussed under Disaster Area Losses, in Publication 547. Filing state income tax Lightning. Filing state income tax Storms, including hurricanes and tornadoes. Filing state income tax Terrorist attacks. Filing state income tax Vandalism. Filing state income tax Volcanic eruptions. Filing state income tax Nondeductible losses. Filing state income tax   A casualty loss is not deductible if the damage or destruction is caused by the following. Filing state income tax Accidentally breaking articles such as glassware or china under normal conditions. Filing state income tax A family pet (explained below). Filing state income tax A fire if you willfully set it, or pay someone else to set it. Filing state income tax A car, truck, or farm equipment accident if your willful negligence or willful act caused it. Filing state income tax The same is true if the willful act or willful negligence of someone acting for you caused the accident. Filing state income tax Progressive deterioration (explained below). Filing state income tax Family pet. Filing state income tax   Loss of property due to damage by a family pet is not deductible as a casualty loss unless the requirements discussed above under Casualty are met. Filing state income tax Example. Filing state income tax You keep your horse in your yard. Filing state income tax The ornamental fruit trees in your yard were damaged when your horse stripped the bark from them. Filing state income tax Some of the trees were completely girdled and died. Filing state income tax Because the damage was not unexpected or unusual, the loss is not deductible. Filing state income tax Progressive deterioration. Filing state income tax   Loss of property due to progressive deterioration is not deductible as a casualty loss. Filing state income tax This is because the damage results from a steadily operating cause or a normal process, rather than from a sudden event. Filing state income tax Examples of damage due to progressive deterioration include damage from rust, corrosion, or termites. Filing state income tax However, weather-related conditions or disease may cause another type of involuntary conversion. Filing state income tax See Other Involuntary Conversions , later. Filing state income tax Theft. Filing state income tax   A theft is the taking and removing of money or property with the intent to deprive the owner of it. Filing state income tax The taking of property must be illegal under the law of the state where it occurred and it must have been done with criminal intent. Filing state income tax You do not need to show a conviction for theft. Filing state income tax   Theft includes the taking of money or property by the following means: Blackmail, Burglary, Embezzlement, Extortion, Kidnapping for ransom, Larceny, Robbery, or Threats. Filing state income tax The taking of money or property through fraud or misrepresentation is theft if it is illegal under state or local law. Filing state income tax Decline in market value of stock. Filing state income tax   You cannot deduct as a theft loss the decline in market value of stock acquired on the open market for investment if the decline is caused by disclosure of accounting fraud or other illegal misconduct by the officers or directors of the corporation that issued the stock. Filing state income tax However, you can deduct as a capital loss the loss you sustain when you sell or exchange the stock or the stock becomes completely worthless. Filing state income tax You report a capital loss on Schedule D (Form 1040). Filing state income tax For more information about stock sales, worthless stock, and capital losses, see chapter 4 of Publication 550. Filing state income tax Mislaid or lost property. Filing state income tax   The simple disappearance of money or property is not a theft. Filing state income tax However, an accidental loss or disappearance of property can qualify as a casualty if it results from an identifiable event that is sudden, unexpected, or unusual. Filing state income tax Example. Filing state income tax A car door is accidentally slammed on your hand, breaking the setting of your diamond ring. Filing state income tax The diamond falls from the ring and is never found. Filing state income tax The loss of the diamond is a casualty. Filing state income tax Farming Losses You can deduct certain casualty or theft losses that occur in the business of farming. Filing state income tax The following is a discussion of some losses you can deduct and some you cannot deduct. Filing state income tax Livestock or produce bought for resale. Filing state income tax   Casualty or theft losses of livestock or produce bought for resale are deductible if you report your income on the cash method. Filing state income tax If you report your income on an accrual method, take casualty and theft losses on property bought for resale by omitting the item from the closing inventory for the year of the loss. Filing state income tax You cannot take a separate deduction. Filing state income tax Livestock, plants, produce, and crops raised for sale. Filing state income tax   Losses of livestock, plants, produce, and crops raised for sale are generally not deductible if you report your income on the cash method. Filing state income tax You have already deducted the cost of raising these items as farm expenses, so their basis is equal to zero. Filing state income tax   For plants with a preproductive period of more than 2 years, you may have a deductible loss if you have a tax basis in the plants. Filing state income tax You usually have a tax basis if you capitalized the expenses associated with these plants under the uniform capitalization rules. Filing state income tax The uniform capitalization rules are discussed in chapter 6. Filing state income tax   If you report your income on an accrual method, casualty or theft losses are deductible only if you included the items in your inventory at the beginning of your tax year. Filing state income tax You get the deduction by omitting the item from your inventory at the close of your tax year. Filing state income tax You cannot take a separate casualty or theft deduction. Filing state income tax Income loss. Filing state income tax   A loss of future income is not deductible. Filing state income tax Example. Filing state income tax A severe flood destroyed your crops. Filing state income tax Because you are a cash method taxpayer and already deducted the cost of raising the crops as farm expenses, this loss is not deductible, as explained above under Livestock, plants, produce, and crops raised for sale . Filing state income tax You estimate that the crop loss will reduce your farm income by $25,000. Filing state income tax This loss of future income is also not deductible. Filing state income tax Loss of timber. Filing state income tax   If you sell timber downed as a result of a casualty, treat the proceeds from the sale as a reimbursement. Filing state income tax If you use the proceeds to buy qualified replacement property, you can postpone reporting the gain. Filing state income tax See Postponing Gain , later. Filing state income tax Property used in farming. Filing state income tax   Casualty and theft losses of property used in your farm business usually result in deductible losses. Filing state income tax If a fire or storm destroyed your barn, or you lose by casualty or theft an animal you bought for draft, breeding, dairy, or sport, you may have a deductible loss. Filing state income tax See How To Figure a Loss , later. Filing state income tax Raised draft, breeding, dairy, or sporting animals. Filing state income tax   Generally, losses of raised draft, breeding, dairy, or sporting animals do not result in deductible casualty or theft losses because you have no basis in the animals. Filing state income tax However, you may have a basis in the animal and therefore may be able to claim a deduction if either of the following situations applies to you. Filing state income tax You use inventories to determine your income and you included the animals in your inventory. Filing state income tax You capitalized the expenses associated with the animals under the uniform capitalization rules and therefore have a tax basis in the animals subject to a casualty or theft. Filing state income tax When you include livestock in inventory, its last inventory value is its basis. Filing state income tax When you lose an inventoried animal held for draft, breeding, dairy, or sport by casualty or theft during the year, decrease ending inventory by the amount you included in inventory for the animal. Filing state income tax You cannot take a separate deduction. Filing state income tax How To Figure a Loss How you figure a deductible casualty or theft loss depends on whether the loss was to farm or personal-use property and whether the property was stolen or partly or completely destroyed. Filing state income tax Farm property. Filing state income tax   Farm property is the property you use in your farming business. Filing state income tax If your farm property was completely destroyed or stolen, your loss is figured as follows:      Your adjusted basis in the property     MINUS     Any salvage value     MINUS     Any insurance or other reimbursement you  receive or expect to receive      You can use the schedules in Publication 584-B to list your stolen, damaged, or destroyed business property and to figure your loss. Filing state income tax   If your farm property was partially damaged, use the steps shown under Personal-use property next to figure your casualty loss. Filing state income tax However, the deduction limits, discussed later, do not apply to farm property. Filing state income tax Personal-use property. Filing state income tax   Personal-use property is property used by you or your family members for personal purposes and not used in your farm business or for income-producing purposes. Filing state income tax The following items are examples of personal-use property: Your main home. Filing state income tax Furniture and electronics used in your main home and not used in a home office or for business purposes. Filing state income tax Clothing and jewelry. Filing state income tax An automobile used for nonbusiness purposes. Filing state income tax You figure the casualty or theft loss on this property by taking the following steps. Filing state income tax Determine your adjusted basis in the property before the casualty or theft. Filing state income tax Determine the decrease in fair market value of the property as a result of the casualty or theft. Filing state income tax From the smaller of the amounts you determined in (1) and (2), subtract any insurance or other reimbursement you receive or expect to receive. Filing state income tax You must apply the deduction limits, discussed later, to determine your deductible loss. Filing state income tax    You can use Publication 584 to list your stolen or damaged personal-use property and figure your loss. Filing state income tax It includes schedules to help you figure the loss on your home, its contents, and your motor vehicles. Filing state income tax Adjusted basis. Filing state income tax   Adjusted basis is your basis (usually cost) increased or decreased by various events, such as improvements and casualty losses. Filing state income tax For more information about adjusted basis, see chapter 6. Filing state income tax Decrease in fair market value (FMV). Filing state income tax   The decrease in FMV is the difference between the property's value immediately before the casualty or theft and its value immediately afterward. Filing state income tax FMV is defined in chapter 10 under Payments Received or Considered Received . Filing state income tax Appraisal. Filing state income tax   To figure the decrease in FMV because of a casualty or theft, you generally need a competent appraisal. Filing state income tax But other measures, such as the cost of cleaning up or making repairs (discussed next) can be used to establish decreases in FMV. Filing state income tax   An appraisal to determine the difference between the FMV of the property immediately before a casualty or theft and immediately afterward should be made by a competent appraiser. Filing state income tax The appraiser must recognize the effects of any general market decline that may occur along with the casualty. Filing state income tax This information is needed to limit any deduction to the actual loss resulting from damage to the property. Filing state income tax Cost of cleaning up or making repairs. Filing state income tax   The cost of cleaning up after a casualty is not part of a casualty loss. Filing state income tax Neither is the cost of repairing damaged property after a casualty. Filing state income tax But you can use the cost of cleaning up or making repairs after a casualty as a measure of the decrease in FMV if you meet all the following conditions. Filing state income tax The repairs are actually made. Filing state income tax The repairs are necessary to bring the property back to its condition before the casualty. Filing state income tax The amount spent for repairs is not excessive. Filing state income tax The repairs fix the damage only. Filing state income tax The value of the property after the repairs is not, due to the repairs, more than the value of the property before the casualty. Filing state income tax Related expenses. Filing state income tax   The incidental expenses due to a casualty or theft, such as expenses for the treatment of personal injuries, temporary housing, or a rental car, are not part of your casualty or theft loss. Filing state income tax However, they may be deductible as farm business expenses if the damaged or stolen property is farm property. Filing state income tax Separate computations for more than one item of property. Filing state income tax   Generally, if a single casualty or theft involves more than one item of property, you must figure your loss separately for each item of property. Filing state income tax Then combine the losses to determine your total loss. Filing state income tax    There is an exception to this rule for personal-use real property. Filing state income tax See Exception for personal-use real property, later. Filing state income tax Example. Filing state income tax A fire on your farm damaged a tractor and the barn in which it was stored. Filing state income tax The tractor had an adjusted basis of $3,300. Filing state income tax Its FMV was $28,000 just before the fire and $10,000 immediately afterward. Filing state income tax The barn had an adjusted basis of $28,000. Filing state income tax Its FMV was $55,000 just before the fire and $25,000 immediately afterward. Filing state income tax You received insurance reimbursements of $2,100 on the tractor and $26,000 on the barn. Filing state income tax Figure your deductible casualty loss separately for the two items of property. Filing state income tax     Tractor Barn 1) Adjusted basis $3,300 $28,000 2) FMV before fire $28,000 $55,000 3) FMV after fire 10,000 25,000 4) Decrease in FMV  (line 2 − line 3) $18,000 $30,000 5) Loss (lesser of line 1 or line 4) $3,300 $28,000 6) Minus: Insurance 2,100 26,000 7) Deductible casualty loss $1,200 $2,000 8) Total deductible casualty loss $3,200 Exception for personal-use real property. Filing state income tax   In figuring a casualty loss on personal-use real property, the entire property (including any improvements, such as buildings, trees, and shrubs) is treated as one item. Filing state income tax Figure the loss using the smaller of the following. Filing state income tax The decrease in FMV of the entire property. Filing state income tax The adjusted basis of the entire property. Filing state income tax Example. Filing state income tax You bought a farm in 1990 for $160,000. Filing state income tax The adjusted basis of the residential part is now $128,000. Filing state income tax In 2013, a windstorm blew down shade trees and three ornamental trees planted at a cost of $7,500 on the residential part. Filing state income tax The adjusted basis of the residential part includes the $7,500. Filing state income tax The fair market value (FMV) of the residential part immediately before the storm was $400,000, and $385,000 immediately after the storm. Filing state income tax The trees were not covered by insurance. Filing state income tax 1) Adjusted basis $128,000 2) FMV before the storm $400,000 3) FMV after the storm 385,000 4) Decrease in FMV (line 2 − line 3) $15,000 5) Loss before insurance (lesser of line 1 or line 4) $15,000 6) Minus: Insurance -0- 7) Amount of loss $15,000 Insurance and other reimbursements. Filing state income tax   If you receive an insurance or other type of reimbursement, you must subtract the reimbursement when you figure your loss. Filing state income tax You do not have a casualty or theft loss to the extent you are reimbursed. Filing state income tax   If you expect to be reimbursed for part or all of your loss, you must subtract the expected reimbursement when you figure your loss. Filing state income tax You must reduce your loss even if you do not receive payment until a later tax year. Filing state income tax    Do not subtract from your loss any insurance payments you receive for living expenses if you lose the use of your main home or are denied access to it because of a casualty. Filing state income tax You may have to include a portion of these payments in your income. Filing state income tax See Insurance payments for living expenses in Publication 547 for details. Filing state income tax Disaster relief. Filing state income tax   Food, medical supplies, and other forms of assistance you receive do not reduce your casualty loss, unless they are replacements for lost or destroyed property. Filing state income tax Excludable cash gifts you receive also do not reduce your casualty loss if there are no limits on how you can use the money. Filing state income tax   Generally, disaster relief grants received under the Robert T. Filing state income tax Stafford Disaster Relief and Emergency Assistance Act are not included in your income. Filing state income tax See Federal disaster relief grants , later, under Disaster Area Losses . Filing state income tax   Qualified disaster relief payments for expenses you incurred as a result of a federally declared disaster are not taxable income to you. Filing state income tax See Qualified disaster relief payments , later, under Disaster Area Losses . Filing state income tax Reimbursement received after deducting loss. Filing state income tax   If you figure your casualty or theft loss using your expected reimbursement, you may have to adjust your tax return for the tax year in which you get your actual reimbursement. Filing state income tax Actual reimbursement less than expected. Filing state income tax   If you later receive less reimbursement than you expected, include that difference as a loss with your other losses (if any) on your return for the year in which you can reasonably expect no more reimbursement. Filing state income tax Actual reimbursement more than expected. Filing state income tax   If you later receive more reimbursement than you expected after you have claimed a deduction for the loss, you may have to include the extra reimbursement in your income for the year you receive it. Filing state income tax However, if any part of your original deduction did not reduce your tax for the earlier year, do not include that part of the reimbursement in your income. Filing state income tax Do not refigure your tax for the year you claimed the deduction. Filing state income tax See Recoveries in Publication 525 to find out how much extra reimbursement to include in income. Filing state income tax If the total of all the reimbursements you receive is more than your adjusted basis in the destroyed or stolen property, you will have a gain on the casualty or theft. Filing state income tax See Figuring a Gain in Publication 547 for information on how to treat a gain from the reimbursement you receive because of a casualty or theft. Filing state income tax Actual reimbursement same as expected. Filing state income tax   If you receive exactly the reimbursement you expected to receive, you do not have to include any of the reimbursement in your income and you cannot deduct any additional loss. Filing state income tax Lump-sum reimbursement. Filing state income tax   If you have a casualty or theft loss of several assets at the same time without an allocation of reimbursement to specific assets, divide the lump-sum reimbursement among the assets according to the fair market value of each asset at the time of the loss. Filing state income tax Figure the gain or loss separately for each asset that has a separate basis. Filing state income tax Adjustments to basis. Filing state income tax   If you have a casualty or theft loss, you must decrease your basis in the property by any insurance or other reimbursement you receive and by any deductible loss. Filing state income tax The result is your adjusted basis in the property. Filing state income tax Amounts you spend on repairs to restore your property to its pre-casualty condition increase your adjusted basis. Filing state income tax See Adjusted Basis in chapter 6 for more information. Filing state income tax Example. Filing state income tax You built a new silo for $25,000. Filing state income tax This is the basis in your silo because that is the total cost you incurred to build it. Filing state income tax During the year, a tornado damaged your silo and your allowable casualty loss deduction was $1,000. Filing state income tax In addition, your insurance company reimbursed you $4,000 for the damage and you spent $6,000 to restore the silo to its pre-casualty condition. Filing state income tax Your adjusted basis in the silo after the casualty is $26,000 ($25,000 - $1,000 - $4,000 + $6,000). Filing state income tax Deduction Limits on Losses of Personal-Use Property Casualty and theft losses of property held for personal use may be deductible if you itemize deductions on Schedule A (Form 1040). Filing state income tax There are two limits on the deduction for casualty or theft loss of personal-use property. Filing state income tax You figure these limits on Form 4684. Filing state income tax $100 rule. Filing state income tax   You must reduce each casualty or theft loss on personal-use property by $100. Filing state income tax This rule applies after you have subtracted any reimbursement. Filing state income tax 10% rule. Filing state income tax   You must further reduce the total of all your casualty or theft losses on personal-use property by 10% of your adjusted gross income. Filing state income tax Apply this rule after you reduce each loss by $100. Filing state income tax Adjusted gross income is on line 38 of Form 1040. Filing state income tax Example. Filing state income tax In June, you discovered that your house had been burglarized. Filing state income tax Your loss after insurance reimbursement was $2,000. Filing state income tax Your adjusted gross income for the year you discovered the burglary is $57,000. Filing state income tax Figure your theft loss deduction as follows: 1. Filing state income tax Loss after insurance $2,000 2. Filing state income tax Subtract $100 100 3. Filing state income tax Loss after $100 rule $1,900 4. Filing state income tax Subtract 10% (. Filing state income tax 10) × $57,000 AGI $5,700 5. Filing state income tax Theft loss deduction -0- You do not have a theft loss deduction because your loss ($1,900) is less than 10% of your adjusted gross income ($5,700). Filing state income tax    If you have a casualty or theft gain in addition to a loss, you will have to make a special computation before you figure your 10% limit. Filing state income tax See 10% Rule in Publication 547. Filing state income tax When Loss Is Deductible Generally, you can deduct casualty losses that are not reimbursable only in the tax year in which they occur. Filing state income tax You generally can deduct theft losses that are not reimbursable only in the year you discover your property was stolen. Filing state income tax However, losses in federally declared disaster areas are subject to different rules. Filing state income tax See Disaster Area Losses , later, for an exception. Filing state income tax If you are not sure whether part of your casualty or theft loss will be reimbursed, do not deduct that part until the tax year when you become reasonably certain that it will not be reimbursed. Filing state income tax Leased property. Filing state income tax   If you lease property from someone else, you can deduct a loss on the property in the year your liability for the loss is fixed. Filing state income tax This is true even if the loss occurred or the liability was paid in a different year. Filing state income tax You are not entitled to a deduction until your liability under the lease can be determined with reasonable accuracy. Filing state income tax Your liability can be determined when a claim for recovery is settled, adjudicated, or abandoned. Filing state income tax Example. Filing state income tax Robert leased a tractor from First Implement, Inc. Filing state income tax , for use in his farm business. Filing state income tax The tractor was destroyed by a tornado in June 2012. Filing state income tax The loss was not insured. Filing state income tax First Implement billed Robert for the fair market value of the tractor on the date of the loss. Filing state income tax Robert disagreed with the bill and refused to pay it. Filing state income tax First Implement later filed suit in court against Robert. Filing state income tax In 2013, Robert and First Implement agreed to settle the suit for $20,000, and the court entered a judgment in favor of First Implement. Filing state income tax Robert paid $20,000 in June 2013. Filing state income tax He can claim the $20,000 as a loss on his 2013 tax return. Filing state income tax Net operating loss (NOL). Filing state income tax   If your deductions, including casualty or theft loss deductions, are more than your income for the year, you may have an NOL. Filing state income tax An NOL can be carried back or carried forward and deducted from income in other years. Filing state income tax See Publication 536 for more information on NOLs. Filing state income tax Proof of Loss To deduct a casualty or theft loss, you must be able to prove that there was a casualty or theft. Filing state income tax You must have records to support the amount you claim for the loss. Filing state income tax Casualty loss proof. Filing state income tax   For a casualty loss, your records should show all the following information. Filing state income tax The type of casualty (car accident, fire, storm, etc. Filing state income tax ) and when it occurred. Filing state income tax That the loss was a direct result of the casualty. Filing state income tax That you were the owner of the property or, if you leased the property from someone else, that you were contractually liable to the owner for the damage. Filing state income tax Whether a claim for reimbursement exists for which there is a reasonable expectation of recovery. Filing state income tax Theft loss proof. Filing state income tax   For a theft loss, your records should show all the following information. Filing state income tax When you discovered your property was missing. Filing state income tax That your property was stolen. Filing state income tax That you were the owner of the property. Filing state income tax Whether a claim for reimbursement exists for which there is a reasonable expectation of recovery. Filing state income tax Figuring a Gain A casualty or theft may result in a taxable gain. Filing state income tax If you receive an insurance payment or other reimbursement that is more than your adjusted basis in the destroyed, damaged, or stolen property, you have a gain from the casualty or theft. Filing state income tax You generally report your gain as income in the year you receive the reimbursement. Filing state income tax However, depending on the type of property you receive, you may not have to report your gain. Filing state income tax See Postponing Gain , later. Filing state income tax Your gain is figured as follows: The amount you receive, minus Your adjusted basis in the property at the time of the casualty or theft. Filing state income tax Even if the decrease in FMV of your property is smaller than the adjusted basis of your property, use your adjusted basis to figure the gain. Filing state income tax Amount you receive. Filing state income tax   The amount you receive includes any money plus the value of any property you receive, minus any expenses you have in obtaining reimbursement. Filing state income tax It also includes any reimbursement used to pay off a mortgage or other lien on the damaged, destroyed, or stolen property. Filing state income tax Example. Filing state income tax A tornado severely damaged your barn. Filing state income tax The adjusted basis of the barn was $25,000. Filing state income tax Your insurance company reimbursed you $40,000 for the damaged barn. Filing state income tax However, you had legal expenses of $2,000 to collect that insurance. Filing state income tax Your insurance minus your expenses to collect the insurance is more than your adjusted basis in the barn, so you have a gain. Filing state income tax 1) Insurance reimbursement $40,000 2) Legal expenses 2,000 3) Amount received  (line 1 − line 2) $38,000 4) Adjusted basis 25,000 5) Gain on casualty (line 3 − line 4) $13,000 Other Involuntary Conversions In addition to casualties and thefts, other events cause involuntary conversions of property. Filing state income tax Some of these are discussed in the following paragraphs. Filing state income tax Gain or loss from an involuntary conversion of your property is usually recognized for tax purposes. Filing state income tax You report the gain or deduct the loss on your tax return for the year you realize it. Filing state income tax However, depending on the type of property you receive, you may not have to report your gain on the involuntary conversion. Filing state income tax See Postponing Gain , later. Filing state income tax Condemnation Condemnation is the process by which private property is legally taken for public use without the owner's consent. Filing state income tax The property may be taken by the federal government, a state government, a political subdivision, or a private organization that has the power to legally take property. Filing state income tax The owner receives a condemnation award (money or property) in exchange for the property taken. Filing state income tax A condemnation is a forced sale, the owner being the seller and the condemning authority being the buyer. Filing state income tax Threat of condemnation. Filing state income tax   Treat the sale of your property under threat of condemnation as a condemnation, provided you have reasonable grounds to believe that your property will be condemned. Filing state income tax Main home condemned. Filing state income tax   If you have a gain because your main home is condemned, you generally can exclude the gain from your income as if you had sold or exchanged your home. Filing state income tax For information on this exclusion, see Publication 523. Filing state income tax If your gain is more than the amount you can exclude, but you buy replacement property, you may be able to postpone reporting the excess gain. Filing state income tax See Postponing Gain , later. Filing state income tax (You cannot deduct a loss from the condemnation of your main home. Filing state income tax ) More information. Filing state income tax   For information on how to figure the gain or loss on condemned property, see chapter 1 in Publication 544. Filing state income tax Also see Postponing Gain , later, to find out if you can postpone reporting the gain. Filing state income tax Irrigation Project The sale or other disposition of property located within an irrigation project to conform to the acreage limits of federal reclamation laws is an involuntary conversion. Filing state income tax Livestock Losses Diseased livestock. Filing state income tax   If your livestock die from disease, or are destroyed, sold, or exchanged because of disease, even though the disease is not of epidemic proportions, treat these occurrences as involuntary conversions. Filing state income tax If the livestock were raised or purchased for resale, follow the rules for livestock discussed earlier under Farming Losses . Filing state income tax Otherwise, figure the gain or loss from these conversions using the rules discussed under Determining Gain or Loss in chapter 8. Filing state income tax If you replace the livestock, you may be able to postpone reporting the gain. Filing state income tax See Postponing Gain below. Filing state income tax Reporting dispositions of diseased livestock. Filing state income tax   If you choose to postpone reporting gain on the disposition of diseased livestock, you must attach a statement to your return explaining that the livestock were disposed of because of disease. Filing state income tax You must also include other information on this statement. Filing state income tax See How To Postpone Gain , later, under Postponing Gain . Filing state income tax Weather-related sales of livestock. Filing state income tax   If you sell or exchange livestock (other than poultry) held for draft, breeding, or dairy purposes solely because of drought, flood, or other weather-related conditions, treat the sale or exchange as an involuntary conversion. Filing state income tax Only livestock sold in excess of the number you normally would sell under usual business practice, in the absence of weather-related conditions, are considered involuntary conversions. Filing state income tax Figure the gain or loss using the rules discussed under Determining Gain or Loss in chapter 8. Filing state income tax If you replace the livestock, you may be able to postpone reporting the gain. Filing state income tax See Postponing Gain below. Filing state income tax Example. Filing state income tax It is your usual business practice to sell five of your dairy animals during the year. Filing state income tax This year you sold 20 dairy animals because of drought. Filing state income tax The sale of 15 animals is treated as an involuntary conversion. Filing state income tax    If you do not replace the livestock, you may be able to report the gain in the following year's income. Filing state income tax This rule also applies to other livestock (including poultry). Filing state income tax See Sales Caused by Weather-Related Conditions in chapter 3. Filing state income tax Tree Seedlings If, because of an abnormal drought, the failure of planted tree seedlings is greater than normally anticipated, you may have a deductible loss. Filing state income tax Treat the loss as a loss from an involuntary conversion. Filing state income tax The loss equals the previously capitalized reforestation costs you had to duplicate on replanting. Filing state income tax You deduct the loss on the return for the year the seedlings died. Filing state income tax Postponing Gain Do not report a gain if you receive reimbursement in the form of property similar or related in service or use to the destroyed, stolen, or other involuntarily converted property. Filing state income tax Your basis in the new property is generally the same as your adjusted basis in the property it replaces. Filing state income tax You must ordinarily report the gain on your stolen, destroyed, or other involuntarily converted property if you receive money or unlike property as reimbursement. Filing state income tax However, you can choose to postpone reporting the gain if you purchase replacement property similar or related in service or use to your destroyed, stolen, or other involuntarily converted property within a specific replacement period. Filing state income tax If you have a gain on damaged property, you can postpone reporting the gain if you spend the reimbursement to restore the property. Filing state income tax To postpone reporting all the gain, the cost of your replacement property must be at least as much as the reimbursement you receive. Filing state income tax If the cost of the replacement property is less than the reimbursement, you must include the gain in your income up to the amount of the unspent reimbursement. Filing state income tax Example 1. Filing state income tax In 1985, you constructed a barn to store farm equipment at a cost of $20,000. Filing state income tax In 1987, you added a silo to the barn at a cost of $15,000 to store grain. Filing state income tax In May of this year, the property was worth $100,000. Filing state income tax In June the barn and silo were destroyed by a tornado. Filing state income tax At the time of the tornado, you had an adjusted basis of $0 in the property. Filing state income tax You received $85,000 from the insurance company. Filing state income tax You had a gain of $85,000 ($85,000 – $0). Filing state income tax You spent $80,000 to rebuild the barn and silo. Filing state income tax Since this is less than the insurance proceeds received, you must include $5,000 ($85,000 – $80,000) in your income. Filing state income tax Example 2. Filing state income tax In 1970, you bought a cabin in the mountains for your personal use at a cost of $18,000. Filing state income tax You made no further improvements or additions to it. Filing state income tax When a storm destroyed the cabin this January, the cabin was worth $250,000. Filing state income tax You received $146,000 from the insurance company in March. Filing state income tax You had a gain of $128,000 ($146,000 − $18,000). Filing state income tax You spent $144,000 to rebuild the cabin. Filing state income tax Since this is less than the insurance proceeds received, you must include $2,000 ($146,000 − $144,000) in your income. Filing state income tax Buying replacement property from a related person. Filing state income tax   You cannot postpone reporting a gain from a casualty, theft, or other involuntary conversion if you buy the replacement property from a related person (discussed later). Filing state income tax This rule applies to the following taxpayers. Filing state income tax C corporations. Filing state income tax Partnerships in which more than 50% of the capital or profits interest is owned by C corporations. Filing state income tax Individuals, partnerships (other than those in (2) above), and S corporations if the total realized gain for the tax year on all involuntarily converted properties on which there are realized gains is more than $100,000. Filing state income tax For involuntary conversions described in (3) above, gains cannot be offset by any losses when determining whether the total gain is more than $100,000. Filing state income tax If the property is owned by a partnership, the $100,000 limit applies to the partnership and each partner. Filing state income tax If the property is owned by an S corporation, the $100,000 limit applies to the S corporation and each shareholder. Filing state income tax Exception. Filing state income tax   This rule does not apply if the related person acquired the property from an unrelated person within the period of time allowed for replacing the involuntarily converted property. Filing state income tax Related persons. Filing state income tax   Under this rule, related persons include, for example, a parent and child, a brother and sister, a corporation and an individual who owns more than 50% of its outstanding stock, and two partnerships in which the same C corporations own more than 50% of the capital or profits interests. Filing state income tax For more information on related persons, see Nondeductible Loss under Sales and Exchanges Between Related Persons in chapter 2 of Publication 544. Filing state income tax Death of a taxpayer. Filing state income tax   If a taxpayer dies after having a gain, but before buying replacement property, the gain must be reported for the year in which the decedent realized the gain. Filing state income tax The executor of the estate or the person succeeding to the funds from the involuntary conversion cannot postpone reporting the gain by buying replacement property. Filing state income tax Replacement Property You must buy replacement property for the specific purpose of replacing your property. Filing state income tax Your replacement property must be similar or related in service or use to the property it replaces. Filing state income tax You do not have to use the same funds you receive as reimbursement for your old property to acquire the replacement property. Filing state income tax If you spend the money you receive for other purposes, and borrow money to buy replacement property, you can still choose to postpone reporting the gain if you meet the other requirements. Filing state income tax Property you acquire by gift or inheritance does not qualify as replacement property. Filing state income tax Owner-user. Filing state income tax   If you are an owner-user, similar or related in service or use means that replacement property must function in the same way as the property it replaces. Filing state income tax Examples of property that functions in the same way as the property it replaces are a home that replaces another home, a dairy cow that replaces another dairy cow, and farm land that replaces other farm land. Filing state income tax A grinding mill that replaces a tractor does not qualify. Filing state income tax Neither does a breeding or draft animal that replaces a dairy cow. Filing state income tax Soil or other environmental contamination. Filing state income tax   If, because of soil or other environmental contamination, it is not feasible for you to reinvest your insurance money or other proceeds from destroyed or damaged livestock in property similar or related in service or use to the livestock, you can treat other property (including real property) used for farming purposes, as property similar or related in service or use to the destroyed or damaged livestock. Filing state income tax Weather-related conditions. Filing state income tax   If, because of drought, flood, or other weather-related conditions, it is not feasible for you to reinvest the insurance money or other proceeds in property similar or related in service or use to the livestock, you can treat other property (excluding real property) used for farming purposes, as property similar or related in service or use to the livestock you disposed of. Filing state income tax Example. Filing state income tax Each year you normally sell 25 cows from your beef herd. Filing state income tax However, this year you had to sell 50 cows. Filing state income tax This is because a severe drought significantly reduced the amount of hay and pasture yield needed to feed your herd for the rest of the year. Filing state income tax Because, as a result of the severe drought, it is not feasible for you to use the proceeds from selling the extra cows to buy new cows, you can treat other property (excluding real property) used for farming purposes, as property similar or related in service or use to the cows you sold. Filing state income tax Standing crop destroyed by casualty. Filing state income tax   If a storm or other casualty destroyed your standing crop and you use the insurance money to acquire either another standing crop or a harvested crop, this purchase qualifies as replacement property. Filing state income tax The costs of planting and raising a new crop qualify as replacement costs for the destroyed crop only if you use the crop method of accounting (discussed in chapter 2). Filing state income tax In that case, the costs of bringing the new crop to the same level of maturity as the destroyed crop qualify as replacement costs to the extent they are incurred during the replacement period. Filing state income tax Timber loss. Filing state income tax   Standing timber you bought with the proceeds from the sale of timber downed as a result of a casualty, such as high winds, earthquakes, or volcanic eruptions, qualifies as replacement property. Filing state income tax If you bought the standing timber within the replacement period, you can postpone reporting the gain. Filing state income tax Business or income-producing property located in a federally declared disaster area. Filing state income tax   If your destroyed business or income-producing property was located in a federally declared disaster area, any tangible replacement property you acquire for use in any business is treated as similar or related in service or use to the destroyed property. Filing state income tax For more information, see Disaster Area Losses in Publication 547. Filing state income tax Substituting replacement property. Filing state income tax   Once you have acquired qualified replacement property that you designate as replacement property in a statement attached to your tax return, you cannot substitute other qualified replacement property. Filing state income tax This is true even if you acquire the other property within the replacement period. Filing state income tax However, if you discover that the original replacement property was not qualified replacement property, you can, within the replacement period, substitute the new qualified replacement property. Filing state income tax Basis of replacement property. Filing state income tax   You must reduce the basis of your replacement property (its cost) by the amount of postponed gain. Filing state income tax In this way, tax on the gain is postponed until you dispose of the replacement property. Filing state income tax Replacement Period To postpone reporting your gain, you must buy replacement property within a specified period of time. Filing state income tax This is the replacement period. Filing state income tax The replacement period begins on the date your property was damaged, destroyed, stolen, sold, or exchanged. Filing state income tax The replacement period generally ends 2 years after the close of the first tax year in which you realize any part of your gain from the involuntary conversion. Filing state income tax Example. Filing state income tax You are a calendar year taxpayer. Filing state income tax While you were on vacation, farm equipment that cost $2,200 was stolen from your farm. Filing state income tax You discovered the theft when you returned to your farm on November 11, 2012. Filing state income tax Your insurance company investigated the theft and did not settle your claim until January 5, 2013, when they paid you $3,000. Filing state income tax You first realized a gain from the reimbursement for the theft during 2013, so you have until December 31, 2015, to replace the property. Filing state income tax Main home in disaster area. Filing state income tax   For your main home (or its contents) located in a federally declared disaster area, the replacement period ends 4 years after the close of the first tax year in which you realize any part of your gain from the involuntary conversion. Filing state income tax See Disaster Area Losses , later. Filing state income tax Property in the Midwestern disaster areas. Filing state income tax   For property located in the Midwestern disaster areas (defined in Table 4 in the 2008 Publication 547) that was destroyed, damaged, stolen, or condemned, the replacement period ends 5 years after the close of the first tax year in which any part of your gain is realized. Filing state income tax This 5-year replacement period applies only if substantially all of the use of the replacement property is in the Midwestern disaster areas. Filing state income tax Property in the Kansas disaster area. Filing state income tax   For property located in the Kansas disaster area that was destroyed, damaged, stolen, or condemned after May 3, 2007, as a result of the Kansas storms and tornadoes, the replacement period ends 5 years after the close of the first tax year in which any part of your gain is realized. Filing state income tax This 5-year replacement period applies only if substantially all of the use of the replacement property is in the Kansas disaster area. Filing state income tax Property in the Hurricane Katrina disaster area. Filing state income tax   For property located in the Hurricane Katrina disaster area that was destroyed, damaged, stolen, or condemned after August 24, 2005, as a result of Hurricane Katrina, the replacement period ends 5 years after the close of the first tax year in which any part of your gain is realized. Filing state income tax This 5-year replacement period applies only if substantially all of the use of the replacement property is in the Hurricane Katrina disaster area. Filing state income tax Weather-related sales of livestock in an area eligible for federal assistance. Filing state income tax   For the sale or exchange of livestock due to drought, flood, or other weather-related conditions in an area eligible for federal assistance, the replacement period ends 4 years after the close of the first tax year in which you realize any part of your gain from the sale or exchange. Filing state income tax The IRS may extend the replacement period on a regional basis if the weather-related conditions continue for longer than 3 years. Filing state income tax   For information on extensions of the replacement period because of persistent drought, see Notice 2006-82, 2006-39 I. Filing state income tax R. Filing state income tax B. Filing state income tax 529, available at  www. Filing state income tax irs. Filing state income tax gov/irb/2006-39_IRB/ar11. Filing state income tax html. Filing state income tax For a list of counties for which exceptional, extreme, or severe drought was reported during the 12 months ending August 31, 2013, see Notice 2013-62, available at IRS. Filing state income tax gov. Filing state income tax Condemnation. Filing state income tax   The replacement period for a condemnation begins on the earlier of the following dates. Filing state income tax The date on which you disposed of the condemned property. Filing state income tax The date on which the threat of condemnation began. Filing state income tax The replacement period generally ends 2 years after the close of the first tax year in which any part of the gain on the condemnation is realized. Filing state income tax But see Main home in disaster area , Property in the Midwestern disaster areas , Property in the Kansas disaster area , and Property in the Hurricane Katrina disaster area , earlier, for exceptions. Filing state income tax Business or investment real property. Filing state income tax   If real property held for use in a trade or business or for investment (not including property held primarily for sale) is condemned, the replacement period ends 3 years after the close of the first tax year in which any part of the gain on the condemnation is realized. Filing state income tax Extension. Filing state income tax   You can apply for an extension of the replacement period. Filing state income tax Send your written application to the Internal Revenue Service Center where you file your tax return. Filing state income tax See your tax return instructions for the address. Filing state income tax Include all the details about your need for an extension. Filing state income tax Make your application before the end of the replacement period. Filing state income tax However, you can file an application within a reasonable time after the replacement period ends if you can show a good reason for the delay. Filing state income tax You will get an extension of the replacement period if you can show reasonable cause for not making the replacement within the regular period. Filing state income tax How To Postpone Gain You postpone reporting your gain by reporting your choice on your tax return for the year you have the gain. Filing state income tax You have the gain in the year you receive insurance proceeds or other reimbursements that result in a gain. Filing state income tax Required statement. Filing state income tax   You should attach a statement to your return for the year you have the gain. Filing state income tax This statement should include all the following information. Filing state income tax The date and details of the casualty, theft, or other involuntary conversion. Filing state income tax The insurance or other reimbursement you received. Filing state income tax How you figured the gain. Filing state income tax Replacement property acquired before return filed. Filing state income tax   If you acquire replacement property before you file your return for the year you have the gain, your statement should also include detailed information about all the following items. Filing state income tax The replacement property. Filing state income tax The postponed gain. Filing state income tax The basis adjustment that reflects the postponed gain. Filing state income tax Any gain you are reporting as income. Filing state income tax Replacement property acquired after return filed. Filing state income tax   If you intend to buy replacement property after you file your return for the year you realize gain, your statement should also say that you are choosing to replace the property within the required replacement period. Filing state income tax   You should then attach another statement to your return for the year in which you buy the replacement property. Filing state income tax This statement should contain detailed information on the replacement property. Filing state income tax If you acquire part of your replacement property in one year and part in another year, you must attach a statement to each year's return. Filing state income tax Include in the statement detailed information on the replacement property bought in that year. Filing state income tax Reporting weather-related sales of livestock. Filing state income tax   If you choose to postpone reporting the gain on weather-related sales or exchanges of livestock, show all the following information on a statement attached to your return for the tax year in which you first realize any of the gain. Filing state income tax Evidence of the weather-related conditions that forced the sale or exchange of the livestock. Filing state income tax The gain realized on the sale or exchange. Filing state income tax The number and kind of livestock sold or exchanged. Filing state income tax The number of livestock of each kind you would have sold or exchanged under your usual business practice. Filing state income tax   Show all the following information and the preceding information on the return for the year in which you replace the livestock. Filing state income tax The dates you bought the replacement property. Filing state income tax The cost of the replacement property. Filing state income tax Description of the replacement property (for example, the number and kind of the replacement livestock). Filing state income tax Amended return. Filing state income tax   You must file an amended return (Form 1040X) for the tax year of the gain in either of the following situations. Filing state income tax You do not acquire replacement property within the replacement period, plus extensions. Filing state income tax On this amended return, you must report the gain and pay any additional tax due. Filing state income tax You acquire replacement property within the required replacement period, plus extensions, but at a cost less than the amount you receive from the casualty, theft, or other involuntary conversion. Filing state income tax On this amended return, you must report the part of the gain that cannot be postponed and pay any additional tax due. Filing state income tax Disaster Area Losses Special rules apply to federally declared disaster area losses. Filing state income tax A federally declared disaster is a disaster that occurred in an area declared by the President to be eligible for federal assistance under the Robert T. Filing state income tax Stafford Disaster Relief and Emergency Assistance Act. Filing state income tax It includes a major disaster or emergency declaration under the act. Filing state income tax A list of the areas warranting public or individual assistance (or both) under the Act is available at the Federal Emergency Management Agency (FEMA) web site at www. Filing state income tax fema. Filing state income tax gov. Filing state income tax This part discusses the special rules for when to deduct a disaster area loss and what tax deadlines may be postponed. Filing state income tax For other special rules, see Disaster Area Losses in Publication 547. Filing state income tax When to deduct the loss. Filing state income tax   You generally must deduct a casualty loss in the year it occurred. Filing state income tax However, if you have a deductible loss from a disaster that occurred in an area warranting public or individual assistance (or both), you can choose to deduct that loss on your return or amended return for the tax year immediately preceding the tax year in which the disaster happened. Filing state income tax If you make this choice, the loss is treated as having occurred in the preceding year. Filing state income tax    Claiming a qualifying disaster loss on the previous year's return may result in a lower tax for that year, often producing or increasing a cash refund. Filing state income tax   You must make the choice to take your casualty loss for the disaster in the preceding year by the later of the following dates. Filing state income tax The due date (without extensions) for filing your tax return for the tax year in which the disaster actually occurred. Filing state income tax The due date (with extensions) for the return for the preceding tax year. Filing state income tax Federal disaster relief grants. Filing state income tax   Do not include post-disaster relief grants received under the Robert T. Filing state income tax Stafford Disaster Relief and Emergency Assistance Act in your income if the grant payments are made to help you meet necessary expenses or serious needs for medical, dental, housing, personal property, transportation, or funeral expenses. Filing state income tax Do not deduct casualty losses or medical expenses to the extent they are specifically reimbursed by these disaster relief grants. Filing state income tax If the casualty loss was specifically reimbursed by the grant and you received the grant after the year in which you deducted the casualty loss, see Reimbursement received after deducting loss , earlier. Filing state income tax Unemployment assistance payments under the Act are taxable unemployment compensation. Filing state income tax Qualified disaster relief payments. Filing state income tax   Qualified disaster relief payments are not included in the income of individuals to the extent any expenses compensated by these payments are not otherwise compensated for by insurance or other reimbursement. Filing state income tax These payments are not subject to income tax, self-employment tax, or employment taxes (social security, Medicare, and federal unemployment taxes). Filing state income tax No withholding applies to these payments. Filing state income tax   Qualified disaster relief payments include payments you receive (regardless of the source) for the following expenses. Filing state income tax Reasonable and necessary personal, family, living, or funeral expenses incurred as a result of a federally declared disaster. Filing state income tax Reasonable and necessary expenses incurred for the repair or rehabilitation of a personal residence due to a federally declared disaster. Filing state income tax (A personal residence can be a rented residence or one you own. Filing state income tax ) Reasonable and necessary expenses incurred for the repair or replacement of the contents of a personal residence due to a federally declared disaster. Filing state income tax   Qualified disaster relief payments include amounts paid by a federal, state, or local government in connection with a federally declared disaster to individuals affected by the disaster. Filing state income tax    Qualified disaster relief payments do not include: Payments for expenses otherwise paid for by insurance or other reimbursements, or Income replacement payments, such as payments of lost wages, lost business income, or unemployment compensation. Filing state income tax Qualified disaster mitigation payments. Filing state income tax   Qualified disaster mitigation payments made under the Robert T. Filing state income tax Stafford Disaster Relief and Emergency Assistance Act or the National Flood Insurance Act (as in effect on April 15, 2005) are not included in income. Filing state income tax These are payments you, as a property owner, receive to reduce the risk of future damage to your property. Filing state income tax You cannot increase your basis in property, or take a deduction or credit, for expenditures made with respect to those payments. Filing state income tax Sale of property under hazard mitigation program. Filing state income tax   Generally, if you sell or otherwise transfer property, you must recognize any gain or loss for tax purposes unless the property is your main home. Filing state income tax You report the gain or deduct the loss on your tax return for the year you realize it. Filing state income tax (You cannot deduct a loss on personal-use property unless the loss resulted from a casualty, as discussed earlier. Filing state income tax ) However, if you sell or otherwise transfer property to the Federal Government, a state or local government, or an Indian tribal government under a hazard mitigation program, you can choose to postpone reporting the gain if you buy qualifying replacement property within a certain period of time. Filing state income tax See Postponing Gain , earlier, for the rules that apply. Filing state income tax Other federal assistance programs. Filing state income tax    For more information about other federal assistance programs, see Crop Insurance and Crop Disaster Payments and Feed Assistance and Payments in chapter 3 earlier. Filing state income tax Postponed tax deadlines. Filing state income tax   The IRS may postpone for up to 1 year certain tax deadlines of taxpayers who are affected by a federally declared disaster. Filing state income tax The tax deadlines the IRS may postpone include those for filing income, excise, and employment tax returns, paying income, excise, and employment taxes, and making contributions to a traditional IRA or Roth IRA. Filing state income tax   If any tax deadline is postponed, the IRS will publicize the postponement in your area and publish a news release, revenue ruling, revenue procedure, notice, announcement, or other guidance in the Internal Revenue Bulletin (IRB). Filing state income tax Go to http://www. Filing state income tax irs. Filing state income tax gov/uac/Tax-Relief-in-Disaster-Situations to find out if a tax deadline has been postponed for your area. Filing state income tax Who is eligible. Filing state income tax   If the IRS postpones a tax deadline, the following taxpayers are eligible for the postponement. Filing state income tax Any individual whose main home is located in a covered disaster area (defined next). Filing state income tax Any business entity or sole proprietor whose principal place of business is located in a covered disaster area. Filing state income tax Any individual who is a relief worker affiliated with a recognized government or philanthropic organization and who is assisting in a covered disaster area. Filing state income tax Any individual, business entity, or sole proprietorship whose records are needed to meet a postponed tax deadline, provided those records are maintained in a covered disaster area. Filing state income tax The main home or principal place of business does not have to be located in the covered disaster area. Filing state income tax Any estate or trust that has tax records necessary to meet a postponed tax deadline, provided those records are maintained in a covered disaster area. Filing state income tax The spouse on a joint return with a taxpayer who is eligible for postponements. Filing state income tax Any individual, business entity, or sole proprietorship not located in a covered disaster area, but whose necessary records to meet a postponed tax deadline are located in the covered disaster area. Filing state income tax Any individual visiting the covered disaster area who was killed or injured as a result of the disaster. Filing state income tax Any other person determined by the IRS to be affected by a federally declared disaster. Filing state income tax Covered disaster area. Filing state income tax   This is an area of a federally declared disaster area in which the IRS has decided to postpone tax deadlines for up to 1 year. Filing state income tax Abatement of interest and penalties. Filing state income tax   The IRS may abate the interest and penalties on the underpaid income tax for the length of any postponement of tax deadlines. Filing state income tax Reporting Gains and Losses You will have to file one or more of the following forms to report your gains or losses from involuntary conversions. Filing state income tax Form 4684. Filing state income tax   Use this form to report your gains and losses from casualties and thefts. Filing state income tax Form 4797. Filing state income tax   Use this form to report involuntary conversions (other than from casualty or theft) of property used in your trade or business and capital assets held in connection with a trade or business or a transaction entered into for profit. Filing state income tax Also use this form if you have a gain from a casualty or theft on trade, business or income-producing property held for more than 1 year and you have to recapture some or all of your gain as ordinary income. Filing state income tax Form 8949. Filing state income tax   Use this form to report gain from an involuntary conversion (other than from casualty or theft) of personal-use property. Filing state income tax Schedule A (Form 1040). Filing state income tax   Use this form to deduct your losses from casualties and thefts of personal-use property and income-producing property, that you reported on Form 4684. Filing state income tax Schedule D (Form 1040). Filing state income tax   Use this form to carry over the following gains. Filing state income tax Net gain shown on Form 4797 from an involuntary conversion of business property held for more than 1 year. Filing state income tax Net gain shown on Form 4684 from the casualty or theft of personal-use property. Filing state income tax    Also use this form to figure the overall gain or loss from transactions reported on Form 8949. Filing state income tax Schedule F (Form 1040). Filing state income tax   Use this form to deduct your losses from casualty or theft of livestock or produce bought for sale under Other expenses in Part II, line 32, if you use the cash method of accounting and have not otherwise deducted these losses. Filing state income tax Prev  Up  Next   Home   More Online Publications