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Fillable Tax Forms 2011

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Fillable Tax Forms 2011

Fillable tax forms 2011 2. Fillable tax forms 2011   Employees' Pay Table of Contents Introduction Topics - This chapter discusses: Useful Items - You may want to see: Tests for Deducting PayTest 1—Reasonableness Test 2—For Services Performed Kinds of PayAwards Bonuses Education Expenses Fringe Benefits Loans or Advances Property Reimbursements for Business Expenses Sick and Vacation Pay Introduction You can generally deduct the amount you pay your employees for the services they perform. Fillable tax forms 2011 The pay may be in cash, property, or services. Fillable tax forms 2011 It may include wages, salaries, bonuses, commissions, or other non-cash compensation such as vacation allowances and fringe benefits. Fillable tax forms 2011 For information about deducting employment taxes, see chapter 5. Fillable tax forms 2011 You can claim employment credits, such as the following, if you hire individuals who meet certain requirements. Fillable tax forms 2011 Empowerment zone employment credit (Form 8844). Fillable tax forms 2011 Indian employment credit (Form 8845). Fillable tax forms 2011 Work opportunity credit (Form 5884). Fillable tax forms 2011 Credit for employer differential wage payments (Form 8932). Fillable tax forms 2011 Reduce your deduction for employee wages by the amount of employment credits you claim. Fillable tax forms 2011 For more information about these credits, see the form on which the credit is claimed. Fillable tax forms 2011 Topics - This chapter discusses: Tests for deducting pay Kinds of pay Useful Items - You may want to see: Publication 15 (Circular E), Employer's Tax Guide 15-A Employer's Supplemental Tax Guide 15-B Employer's Tax Guide to Fringe Benefits See chapter 12 for information about getting publications and forms. Fillable tax forms 2011 Tests for Deducting Pay To be deductible, your employees' pay must be an ordinary and necessary business expense and you must pay or incur it. Fillable tax forms 2011 These and other requirements that apply to all business expenses are explained in chapter 1. Fillable tax forms 2011 In addition, the pay must meet both of the following tests. Fillable tax forms 2011 Test 1. Fillable tax forms 2011 It must be reasonable. Fillable tax forms 2011 Test 2. Fillable tax forms 2011 It must be for services performed. Fillable tax forms 2011 The form or method of figuring the pay does not affect its deductibility. Fillable tax forms 2011 For example, bonuses and commissions based on sales or earnings, and paid under an agreement made before the services were performed, are both deductible. Fillable tax forms 2011 Test 1—Reasonableness You must be able to prove that the pay is reasonable. Fillable tax forms 2011 Whether the pay is reasonable depends on the circumstances that existed when you contracted for the services, not those that exist when reasonableness is questioned. Fillable tax forms 2011 If the pay is excessive, the excess pay is disallowed as a deduction. Fillable tax forms 2011 Factors to consider. Fillable tax forms 2011   Determine the reasonableness of pay by the facts and circumstances. Fillable tax forms 2011 Generally, reasonable pay is the amount that a similar business would pay for the same or similar services. Fillable tax forms 2011   To determine if pay is reasonable, also consider the following items and any other pertinent facts. Fillable tax forms 2011 The duties performed by the employee. Fillable tax forms 2011 The volume of business handled. Fillable tax forms 2011 The character and amount of responsibility. Fillable tax forms 2011 The complexities of your business. Fillable tax forms 2011 The amount of time required. Fillable tax forms 2011 The cost of living in the locality. Fillable tax forms 2011 The ability and achievements of the individual employee performing the service. Fillable tax forms 2011 The pay compared with the gross and net income of the business, as well as with distributions to shareholders if the business is a corporation. Fillable tax forms 2011 Your policy regarding pay for all your employees. Fillable tax forms 2011 The history of pay for each employee. Fillable tax forms 2011 Test 2—For Services Performed You must be able to prove the payment was made for services actually performed. Fillable tax forms 2011 Employee-shareholder salaries. Fillable tax forms 2011   If a corporation pays an employee who is also a shareholder a salary that is unreasonably high considering the services actually performed, the excessive part of the salary may be treated as a constructive dividend to the employee-shareholder. Fillable tax forms 2011 The excessive part of the salary would not be allowed as a salary deduction by the corporation. Fillable tax forms 2011 For more information on corporate distributions to shareholders, see Publication 542, Corporations. Fillable tax forms 2011 Kinds of Pay Some of the ways you may provide pay to your employees in addition to regular wages or salaries are discussed next. Fillable tax forms 2011 For specialized and detailed information on employees' pay and the employment tax treatment of employees' pay, see Publications 15, 15-A, and 15-B. Fillable tax forms 2011 Awards You can generally deduct amounts you pay to your employees as awards, whether paid in cash or property. Fillable tax forms 2011 If you give property to an employee as an employee achievement award, your deduction may be limited. Fillable tax forms 2011 Achievement awards. Fillable tax forms 2011   An achievement award is an item of tangible personal property that meets all the following requirements. Fillable tax forms 2011 It is given to an employee for length of service or safety achievement. Fillable tax forms 2011 It is awarded as part of a meaningful presentation. Fillable tax forms 2011 It is awarded under conditions and circumstances that do not create a significant likelihood of disguised pay. Fillable tax forms 2011 Length-of-service award. Fillable tax forms 2011    An award will qualify as a length-of-service award only if either of the following applies. Fillable tax forms 2011 The employee receives the award after his or her first 5 years of employment. Fillable tax forms 2011 The employee did not receive another length-of-service award (other than one of very small value) during the same year or in any of the prior 4 years. Fillable tax forms 2011 Safety achievement award. Fillable tax forms 2011    An award for safety achievement will qualify as an achievement award unless one of the following applies. Fillable tax forms 2011 It is given to a manager, administrator, clerical employee, or other professional employee. Fillable tax forms 2011 During the tax year, more than 10% of your employees, excluding those listed in (1), have already received a safety achievement award (other than one of very small value). Fillable tax forms 2011 Deduction limit. Fillable tax forms 2011   Your deduction for the cost of employee achievement awards given to any one employee during the tax year is limited to the following. Fillable tax forms 2011 $400 for awards that are not qualified plan awards. Fillable tax forms 2011 $1,600 for all awards, whether or not qualified plan awards. Fillable tax forms 2011   A qualified plan award is an achievement award given as part of an established written plan or program that does not favor highly compensated employees as to eligibility or benefits. Fillable tax forms 2011   A highly compensated employee is an employee who meets either of the following tests. Fillable tax forms 2011 The employee was a 5% owner at any time during the year or the preceding year. Fillable tax forms 2011 The employee received more than $115,000 in pay for the preceding year. Fillable tax forms 2011 You can choose to ignore test (2) if the employee was not also in the top 20% of employees ranked by pay for the preceding year. Fillable tax forms 2011   An award is not a qualified plan award if the average cost of all the employee achievement awards given during the tax year (that would be qualified plan awards except for this limit) is more than $400. Fillable tax forms 2011 To figure this average cost, ignore awards of nominal value. Fillable tax forms 2011 Deduct achievement awards as a nonwage business expense on your return or business schedule. Fillable tax forms 2011 You may not owe employment taxes on the value of some achievement awards you provide to an employee. Fillable tax forms 2011 See Publication 15-B. Fillable tax forms 2011 Bonuses You can generally deduct a bonus paid to an employee if you intended the bonus as additional pay for services, not as a gift, and the services were performed. Fillable tax forms 2011 However, the total bonuses, salaries, and other pay must be reasonable for the services performed. Fillable tax forms 2011 If the bonus is paid in property, see Property , later. Fillable tax forms 2011 Gifts of nominal value. Fillable tax forms 2011    If, to promote employee goodwill, you distribute food or merchandise of nominal value to your employees at holidays, you can deduct the cost of these items as a nonwage business expense. Fillable tax forms 2011 Your deduction for de minimis gifts of food or drink are not subject to the 50% deduction limit that generally applies to meals. Fillable tax forms 2011 For more information on this deduction limit, see Meals and lodging , later. Fillable tax forms 2011 Education Expenses If you pay or reimburse education expenses for an employee, you can deduct the payments if they are part of a qualified educational assistance program. Fillable tax forms 2011 Deduct them on the “Employee benefit programs” or other appropriate line of your tax return. Fillable tax forms 2011 For information on educational assistance programs, see Educational Assistance in section 2 of Publication 15-B. Fillable tax forms 2011 Fringe Benefits A fringe benefit is a form of pay for the performance of services. Fillable tax forms 2011 You can generally deduct the cost of fringe benefits. Fillable tax forms 2011 You may be able to exclude all or part of the value of some fringe benefits from your employees' pay. Fillable tax forms 2011 You also may not owe employment taxes on the value of the fringe benefits. Fillable tax forms 2011 See Table 2-1, Special Rules for Various Types of Fringe Benefits, in Publication 15-B for details. Fillable tax forms 2011 Your deduction for the cost of fringe benefits for activities generally considered entertainment, amusement, or recreation, or for a facility used in connection with such an activity (for example, a company aircraft) for certain officers, directors, and more-than-10% shareholders is limited. Fillable tax forms 2011 Certain fringe benefits are discussed next. Fillable tax forms 2011 See Publication 15-B for more details on these and other fringe benefits. Fillable tax forms 2011 Meals and lodging. Fillable tax forms 2011   You can usually deduct the cost of furnishing meals and lodging to your employees. Fillable tax forms 2011 Deduct the cost in whatever category the expense falls. Fillable tax forms 2011 For example, if you operate a restaurant, deduct the cost of the meals you furnish to employees as part of the cost of goods sold. Fillable tax forms 2011 If you operate a nursing home, motel, or rental property, deduct the cost of furnishing lodging to an employee as expenses for utilities, linen service, salaries, depreciation, etc. Fillable tax forms 2011 Deduction limit on meals. Fillable tax forms 2011   You can generally deduct only 50% of the cost of furnishing meals to your employees. Fillable tax forms 2011 However, you can deduct the full cost of the following meals. Fillable tax forms 2011 Meals whose value you include in an employee's wages. Fillable tax forms 2011 Meals that qualify as a de minimis fringe benefit as discussed in section 2 of Publication 15-B. Fillable tax forms 2011 This generally includes meals you furnish to employees at your place of business if more than half of these employees are provided the meals for your convenience. Fillable tax forms 2011 Meals you furnish to your employees at the work site when you operate a restaurant or catering service. Fillable tax forms 2011 Meals you furnish to your employees as part of the expense of providing recreational or social activities, such as a company picnic. Fillable tax forms 2011 Meals you are required by federal law to furnish to crew members of certain commercial vessels (or would be required to furnish if the vessels were operated at sea). Fillable tax forms 2011 This does not include meals you furnish on vessels primarily providing luxury water transportation. Fillable tax forms 2011 Meals you furnish on an oil or gas platform or drilling rig located offshore or in Alaska. Fillable tax forms 2011 This includes meals you furnish at a support camp that is near and integral to an oil or gas drilling rig located in Alaska. Fillable tax forms 2011 Employee benefit programs. Fillable tax forms 2011   Employee benefit programs include the following. Fillable tax forms 2011 Accident and health plans. Fillable tax forms 2011 Adoption assistance. Fillable tax forms 2011 Cafeteria plans. Fillable tax forms 2011 Dependent care assistance. Fillable tax forms 2011 Education assistance. Fillable tax forms 2011 Life insurance coverage. Fillable tax forms 2011 Welfare benefit funds. Fillable tax forms 2011   You can generally deduct amounts you spend on employee benefit programs on the applicable line of your tax return. Fillable tax forms 2011 For example, if you provide dependent care by operating a dependent care facility for your employees, deduct your costs in whatever categories they fall (utilities, salaries, etc. Fillable tax forms 2011 ). Fillable tax forms 2011 Life insurance coverage. Fillable tax forms 2011   You cannot deduct the cost of life insurance coverage for you, an employee, or any person with a financial interest in your business, if you are directly or indirectly the beneficiary of the policy. Fillable tax forms 2011 See Regulations section 1. Fillable tax forms 2011 264-1 for more information. Fillable tax forms 2011 Welfare benefit funds. Fillable tax forms 2011   A welfare benefit fund is a funded plan (or a funded arrangement having the effect of a plan) that provides welfare benefits to your employees, independent contractors, or their beneficiaries. Fillable tax forms 2011 Welfare benefits are any benefits other than deferred compensation or transfers of restricted property. Fillable tax forms 2011   Your deduction for contributions to a welfare benefit fund is limited to the fund's qualified cost for the tax year. Fillable tax forms 2011 If your contributions to the fund are more than its qualified cost, carry the excess over to the next tax year. Fillable tax forms 2011   Generally, the fund's “qualified cost” is the total of the following amounts, reduced by the after-tax income of the fund. Fillable tax forms 2011 The cost you would have been able to deduct using the cash method of accounting if you had paid for the benefits directly. Fillable tax forms 2011 The contributions added to a reserve account that are needed to fund claims incurred but not paid as of the end of the year. Fillable tax forms 2011 These claims can be for supplemental unemployment benefits, severance pay, or disability, medical, or life insurance benefits. Fillable tax forms 2011   For more information, see sections 419(c) and 419A of the Internal Revenue Code and the related regulations. Fillable tax forms 2011 Loans or Advances You generally can deduct as wages an advance you make to an employee for services performed if you do not expect the employee to repay the advance. Fillable tax forms 2011 However, if the employee performs no services, treat the amount you advanced as a loan. Fillable tax forms 2011 If the employee does not repay the loan, treat it as income to the employee. Fillable tax forms 2011 Below-market interest rate loans. Fillable tax forms 2011   On certain loans you make to an employee or shareholder, you are treated as having received interest income and as having paid compensation or dividends equal to that interest. Fillable tax forms 2011 See Below-Market Loans in chapter 4. Fillable tax forms 2011 Property If you transfer property (including your company's stock) to an employee as payment for services, you can generally deduct it as wages. Fillable tax forms 2011 The amount you can deduct is the property's fair market value on the date of the transfer less any amount the employee paid for the property. Fillable tax forms 2011 You can claim the deduction only for the tax year in which your employee includes the property's value in income. Fillable tax forms 2011 Your employee is deemed to have included the value in income if you report it on Form W-2, Wage and Tax Statement, in a timely manner. Fillable tax forms 2011 You treat the deductible amount as received in exchange for the property, and you must recognize any gain or loss realized on the transfer, unless it is the company's stock transferred as payment for services. Fillable tax forms 2011 Your gain or loss is the difference between the fair market value of the property and its adjusted basis on the date of transfer. Fillable tax forms 2011 These rules also apply to property transferred to an independent contractor for services, generally reported on Form 1099-MISC, Miscellaneous Income. Fillable tax forms 2011 Restricted property. Fillable tax forms 2011   If the property you transfer for services is subject to restrictions that affect its value, you generally cannot deduct it and do not report gain or loss until it is substantially vested in the recipient. Fillable tax forms 2011 However, if the recipient pays for the property, you must report any gain at the time of the transfer up to the amount paid. Fillable tax forms 2011    “Substantially vested” means the property is not subject to a substantial risk of forfeiture. Fillable tax forms 2011 This means that the recipient is not likely to have to give up his or her rights in the property in the future. Fillable tax forms 2011 Reimbursements for Business Expenses You can generally deduct the amount you pay or reimburse employees for business expenses incurred for your business. Fillable tax forms 2011 However, your deduction may be limited. Fillable tax forms 2011 If you make the payment under an accountable plan, deduct it in the category of the expense paid. Fillable tax forms 2011 For example, if you pay an employee for travel expenses incurred on your behalf, deduct this payment as a travel expense. Fillable tax forms 2011 If you make the payment under a nonaccountable plan, deduct it as wages and include it in the employee's Form W-2. Fillable tax forms 2011 See Reimbursement of Travel, Meals, and Entertainment in chapter 11 for more information about deducting reimbursements and an explanation of accountable and nonaccountable plans. Fillable tax forms 2011 Sick and Vacation Pay Sick pay. Fillable tax forms 2011   You can deduct amounts you pay to your employees for sickness and injury, including lump-sum amounts, as wages. Fillable tax forms 2011 However, your deduction is limited to amounts not compensated by insurance or other means. Fillable tax forms 2011 Vacation pay. Fillable tax forms 2011   Vacation pay is an employee benefit. Fillable tax forms 2011 It includes amounts paid for unused vacation leave. Fillable tax forms 2011 You can deduct vacation pay only in the tax year in which the employee actually receives it. Fillable tax forms 2011 This rule applies regardless of whether you use the cash or accrual method of accounting. Fillable tax forms 2011 Prev  Up  Next   Home   More Online Publications
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The Fillable Tax Forms 2011

Fillable tax forms 2011 Index A Addition to property, Additions and Improvements Adjusted basis, Adjusted Basis Alternative Depreciation System (ADS) Recovery periods, Recovery Periods Under ADS Required use, Required use of ADS. Fillable tax forms 2011 Amended return, Filing an Amended Return Apartment Cooperative, Cooperative apartments. Fillable tax forms 2011 Rental, Which Property Class Applies Under GDS? Automobile (see Passenger automobile) B Basis Adjustments, Basis adjustment for depreciation allowed or allowable. Fillable tax forms 2011 , Adjustment of partner's basis in partnership. Fillable tax forms 2011 , Basis adjustment due to recapture of clean-fuel vehicle deduction or credit. Fillable tax forms 2011 , Basis adjustment due to casualty loss. Fillable tax forms 2011 Basis for depreciation, What Is the Basis for Depreciation? Casualty loss, Basis adjustment due to casualty loss. Fillable tax forms 2011 Change in use, Property changed from personal use. Fillable tax forms 2011 Cost, Cost as Basis Depreciable basis, Depreciable basis. Fillable tax forms 2011 Other than cost, Other Basis Recapture of clean-fuel vehicle deduction or credit, Basis adjustment due to recapture of clean-fuel vehicle deduction or credit. Fillable tax forms 2011 Term interest, Basis adjustments. Fillable tax forms 2011 Unadjusted, Figuring the Unadjusted Basis of Your Property Business use of property, partial, Partial business or investment use. Fillable tax forms 2011 Business-use limit, recapture of Section 179 deduction, When Must You Recapture the Deduction? Business-use requirement, listed property, What Is the Business-Use Requirement? C Car (see Passenger automobile) Carryover of section 179 deduction, Carryover of disallowed deduction. Fillable tax forms 2011 Casualty loss, effect of, Basis adjustment due to casualty loss. Fillable tax forms 2011 Changing accounting method, Changing Your Accounting Method Communication equipment (see Listed property) Commuting, Commuting use. Fillable tax forms 2011 Computer (see Listed property) Computer software, Computer software. Fillable tax forms 2011 , Off-the-shelf computer software. Fillable tax forms 2011 Containers, Containers. Fillable tax forms 2011 Conventions, Which Convention Applies? Cooperative apartment, Cooperative apartments. Fillable tax forms 2011 Copyright, Patents and copyrights. Fillable tax forms 2011 (see also Section 197 intangibles) Correcting depreciation deductions, How Do You Correct Depreciation Deductions? Cost basis, Cost as Basis D Declining balance Method, Declining Balance Method Rates, Declining balance rate. Fillable tax forms 2011 Deduction limit Automobile, Do the Passenger Automobile Limits Apply? Section 179, How Much Can You Deduct? Depreciation Deduction Employee, Can Employees Claim a Deduction? Listed property, Can Employees Claim a Deduction? Determinable useful life, Property Having a Determinable Useful Life Excepted property, Excepted Property Incorrect amount deducted, How Do You Correct Depreciation Deductions? Methods, Which Depreciation Method Applies? Property lasting more than one year, Property Lasting More Than One Year Property owned, Property You Own Property used in business, Property Used in Your Business or Income-Producing Activity Recapture, Revoking an election. Fillable tax forms 2011 , Recapture of Excess Depreciation Depreciation allowable, Basis adjustment for depreciation allowed or allowable. Fillable tax forms 2011 Depreciation allowed, Basis adjustment for depreciation allowed or allowable. Fillable tax forms 2011 Depreciation deduction Listed property, What Is the Business-Use Requirement? Determinable useful life, Property Having a Determinable Useful Life Disposition Before recovery period ends, Sale or Other Disposition Before the Recovery Period Ends General asset account property, Disposing of GAA Property Section 179 deduction, When Must You Recapture the Deduction? E Election ADS, Electing ADS. Fillable tax forms 2011 , Election of ADS. Fillable tax forms 2011 Declining balance (150% DB) method, 150% election. Fillable tax forms 2011 Exclusion from MACRS, Election To Exclude Property From MACRS General asset account, Electing To Use a GAA Not to claim special depreciation allowance, How Can You Elect Not To Claim an Allowance? Section 179 deduction, How Do You Elect the Deduction? Straight line method, Straight line election. Fillable tax forms 2011 Electric vehicle, Electric Vehicles Employee Depreciation deduction, Can Employees Claim a Deduction? How to claim depreciation, Employee. Fillable tax forms 2011 Employee deduction, listed property, Can Employees Claim a Deduction? Energy property, Energy property. Fillable tax forms 2011 Exchange of MACRS property, Property Acquired in a Like-kind Exchange or Involuntary Conversion F Farm Property, Depreciation Methods for Farm Property Figuring MACRS Using percentage tables, How Is the Depreciation Deduction Figured? Without using percentage tables, Figuring the Deduction Without Using the Tables Films, Films, video tapes, and recordings. Fillable tax forms 2011 Free tax services, Free help with your tax return. Fillable tax forms 2011 G General asset account Abusive transaction, Abusive transactions. Fillable tax forms 2011 Disposing of property, Disposing of GAA Property Grouping property in, Grouping Property Nonrecognition transaction, Nonrecognition transactions. Fillable tax forms 2011 General Depreciation System (GDS), recovery periods, Recovery Periods Under GDS Gift (see Basis, other than cost) H Help (see Tax help) I Idle property, Idle Property Improvements, How Do You Treat Repairs and Improvements?, Additions and Improvements Income forecast method, Income Forecast Method Incorrect depreciation deductions, How Do You Correct Depreciation Deductions? Indian reservation Defined, Indian reservation. Fillable tax forms 2011 Qualified infrastructure property, Qualified infrastructure property. Fillable tax forms 2011 Qualified property, Qualified property. Fillable tax forms 2011 Recovery periods for qualified property, Indian Reservation Property Related person, Related person. Fillable tax forms 2011 Inheritance (see Basis, other than cost) Intangible property Depreciation method, Intangible Property, Income Forecast Method Income forecast method, Income Forecast Method Straight line method, Intangible Property Inventory, Inventory. Fillable tax forms 2011 Investment use of property, partial, Partial business or investment use. Fillable tax forms 2011 Involuntary conversion of MACRS property, Property Acquired in a Like-kind Exchange or Involuntary Conversion L Land Not depreciable, Land Preparation costs, Land Leased property, Leased property. Fillable tax forms 2011 Leasehold improvement property, defined, Qualified leasehold improvement property. Fillable tax forms 2011 , Qualified leasehold improvement property. Fillable tax forms 2011 Life tenant, Life tenant. Fillable tax forms 2011 (see also Term interests) Limit on deduction Automobile, Do the Passenger Automobile Limits Apply? Section 179, How Much Can You Deduct? Listed property 5% owner, 5% owner. Fillable tax forms 2011 Computer, Computers and Related Peripheral Equipment Condition of employment, Condition of employment. Fillable tax forms 2011 Defined, What Is Listed Property? Employee deduction, Can Employees Claim a Deduction? Employer convenience, Employer's convenience. Fillable tax forms 2011 Improvements to, Improvements to listed property. Fillable tax forms 2011 Leased, Lessee's Inclusion Amount Passenger automobile, Passenger Automobiles Qualified business use, Qualified Business Use Recordkeeping, Adequate Records Related person, Related persons. Fillable tax forms 2011 Reporting on Form 4562, How Is Listed Property Information Reported? Lodging, Property used for lodging. Fillable tax forms 2011 M Maximum deduction Electric vehicles, Electric Vehicles Passenger automobiles, Maximum Depreciation Deduction Trucks, Trucks and Vans Vans, Trucks and Vans Mobile home (see Residential rental property) Modified ACRS (MACRS) Addition or improvement, Additions and Improvements Alternative Depreciation System (ADS), Which Depreciation System (GDS or ADS) Applies? Conventions, Which Convention Applies? Declining balance method, Declining Balance Method Depreciation methods, Which Depreciation Method Applies? Farm property, Depreciation Methods for Farm Property Figuring, short tax year, Property Placed in Service in a Short Tax Year General Depreciation System (GDS), Which Depreciation System (GDS or ADS) Applies? Percentage tables, Using the MACRS Percentage Tables Property classes, Which Property Class Applies Under GDS? Recovery periods, Which Recovery Period Applies? Short tax year, Figuring the Deduction for a Short Tax Year Straight line method, Straight Line Method N Nonresidential real property, Which Property Class Applies Under GDS? Nontaxable transfer of MACRS property, Property Acquired in a Nontaxable Transfer O Office in the home, Office in the home. Fillable tax forms 2011 , Office in the home. Fillable tax forms 2011 Ownership, incidents of, Incidents of ownership. Fillable tax forms 2011 P Partial business use, Partial business use. Fillable tax forms 2011 Passenger automobile Defined, Passenger Automobiles Electric vehicles, Electric Vehicles Limit on, Do the Passenger Automobile Limits Apply? Maximum depreciation deduction, Maximum Depreciation Deduction Trucks, Trucks and Vans Vans, Trucks and Vans Patent, Patents and copyrights. Fillable tax forms 2011 (see also Section 197 intangibles) Personal property, Personal property. Fillable tax forms 2011 Phonographic equipment (see Listed property) Photographic equipment (see Listed property) Placed in service Before 1987, Property You Placed in Service Before 1987 Date, What Is the Placed in Service Date? Rule, Placed in Service Property Classes, Which Property Class Applies Under GDS? Depreciable, What Property Can Be Depreciated? Idle, Idle Property Improvements, How Do You Treat Repairs and Improvements? Leased, Leased property. Fillable tax forms 2011 , Leased property. Fillable tax forms 2011 Listed, What Is Listed Property? Personal, Personal property. Fillable tax forms 2011 Real, Real property. Fillable tax forms 2011 Retired from service, Retired From Service Tangible personal, Tangible personal property. Fillable tax forms 2011 Term interest, Certain term interests in property. Fillable tax forms 2011 Q Qualified leasehold improvement property, defined, Qualified leasehold improvement property. Fillable tax forms 2011 , Qualified leasehold improvement property. Fillable tax forms 2011 Qualified property, special depreciation allowance, What Is Qualified Property? R Real property, Real property. Fillable tax forms 2011 Recapture Clean-fuel vehicle deduction or credit, Basis adjustment due to recapture of clean-fuel vehicle deduction or credit. Fillable tax forms 2011 General asset account, abusive transaction, Abusive transactions. Fillable tax forms 2011 Listed property, Recapture of Excess Depreciation MACRS depreciation, Revoking an election. Fillable tax forms 2011 Section 179 deduction, When Must You Recapture the Deduction? Special depreciation allowance, When Must You Recapture an Allowance? Recordkeeping Listed property, Adequate Records Section 179, How Do You Elect the Deduction? Recovery periods ADS, Recovery Periods Under ADS GDS, Recovery Periods Under GDS Related persons, Related persons. Fillable tax forms 2011 , Related persons. Fillable tax forms 2011 , Related persons. Fillable tax forms 2011 , Related persons. Fillable tax forms 2011 , Related person. Fillable tax forms 2011 , Related persons. Fillable tax forms 2011 Rent-to-own property, defined, Qualified rent-to-own property. Fillable tax forms 2011 Rental home (see Residential rental property) Rented property, improvements, Improvements to rented property. Fillable tax forms 2011 Repairs, How Do You Treat Repairs and Improvements? Residential rental property, Which Property Class Applies Under GDS? Retail motor fuels outlet, Retail motor fuels outlet. Fillable tax forms 2011 Revoking ADS election, Electing ADS. Fillable tax forms 2011 General asset account election, Revoking an election. Fillable tax forms 2011 Section 179 election, Revoking an election. Fillable tax forms 2011 S Sale of property, Sale or Other Disposition Before the Recovery Period Ends Section 179 deduction Business use required, Partial business use. Fillable tax forms 2011 Carryover, Carryover of disallowed deduction. Fillable tax forms 2011 Dispositions, When Must You Recapture the Deduction? Electing, How Do You Elect the Deduction? Limits Business (taxable) income, Business Income Limit Business-use, recapture, When Must You Recapture the Deduction? Dollar, Dollar Limits Enterprise zone business, Enterprise Zone Businesses Partial business use, Partial business use. Fillable tax forms 2011 Married filing separate returns, Married Individuals Partnership rules, Partnerships and Partners Property Eligible, Eligible Property Excepted, Excepted Property Purchase required, Property Acquired by Purchase Recapture, When Must You Recapture the Deduction? Recordkeeping, How Do You Elect the Deduction? S corporation rules, S Corporations Settlement fees, Settlement costs. Fillable tax forms 2011 Short tax year Figuring depreciation, Property Placed in Service in a Short Tax Year Figuring placed-in-service date, Using the Applicable Convention in a Short Tax Year Software, computer, Computer software. Fillable tax forms 2011 , Off-the-shelf computer software. Fillable tax forms 2011 Sound recording, Films, video tapes, and recordings. Fillable tax forms 2011 Special depreciation allowance Election not to claim, How Can You Elect Not To Claim an Allowance? Qualified property, What Is Qualified Property? Recapture, When Must You Recapture an Allowance? Stock, constructive ownership of, Constructive ownership of stock or partnership interest. Fillable tax forms 2011 Straight line method, Intangible Property, Straight Line Method Created intangibles, Certain created intangibles. Fillable tax forms 2011 T Tangible personal property, Tangible personal property. Fillable tax forms 2011 Term interest, Certain term interests in property. Fillable tax forms 2011 Trade-in of property, Trade-in of other property. Fillable tax forms 2011 Trucks, Trucks and Vans U Unadjusted basis, Figuring the Unadjusted Basis of Your Property Useful life, Property Having a Determinable Useful Life V Vans, Trucks and Vans Video tape, Films, video tapes, and recordings. Fillable tax forms 2011 Video-recording equipment (see Listed property) W When to use ADS, Which Depreciation System (GDS or ADS) Applies? Worksheet Leased listed property, Inclusion amount worksheet. Fillable tax forms 2011 MACRS, MACRS Worksheet Prev  Up     Home   More Online Publications