File your Taxes for Free!
  • Get your maximum refund*
  • 100% accurate calculations guaranteed*

TurboTax Federal Free Edition - File Taxes Online

Don't let filing your taxes get you down! We'll help make it as easy as possible. With e-file and direct deposit, there's no faster way to get your refund!

Approved TurboTax Affiliate Site. TurboTax and TurboTax Online, among others, are registered trademarks and/or service marks of Intuit Inc. in the United States and other countries. Other parties' trademarks or service marks are the property of the respective owners.


© 2012 - 2018 All rights reserved.

This is an Approved TurboTax Affiliate site. TurboTax and TurboTax Online, among other are registered trademarks and/or service marks of Intuit, Inc. in the United States and other countries. Other parties' trademarks or service marks are the property of the respective owners.
When discussing "Free e-file", note that state e-file is an additional fee. E-file fees do not apply to New York state returns. Prices are subject to change without notice. E-file and get your refund faster
*If you pay an IRS or state penalty or interest because of a TurboTax calculations error, we'll pay you the penalty and interest.
*Maximum Refund Guarantee - or Your Money Back: If you get a larger refund or smaller tax due from another tax preparation method, we'll refund the applicable TurboTax federal and/or state purchase price paid. TurboTax Federal Free Edition customers are entitled to payment of $14.99 and a refund of your state purchase price paid. Claims must be submitted within sixty (60) days of your TurboTax filing date and no later than 6/15/14. E-file, Audit Defense, Professional Review, Refund Transfer and technical support fees are excluded. This guarantee cannot be combined with the TurboTax Satisfaction (Easy) Guarantee. *We're so confident your return will be done right, we guarantee it. Accurate calculations guaranteed. If you pay an IRS or state penalty or interest because of a TurboTax calculations error, we'll pay you the penalty and interest.
https://turbotax.intuit.com/corp/guarantees.jsp

Free Online Tax Filing

1040 Tax Form WorksheetFree Tax Filing Online 2012Filing 1040x OnlineFiling 1040xHow To Ammend Your TaxesHow To Amend 2012 Tax ReturnTurbo Tax 1040ezHow Do I File 2011 Taxes NowWhere To Get A 1040x FormCan I Efile A 1040xAmend Federal Tax Return 2012State Tax Filing RequirementsFiling Tax Return1040 Ez 2013Hr Block Free Tax FilingI Need To File My 2009 TaxesHow Do I Complete A 1040x FormsForm 1040ez2010 Tax Form 1040Www Freetax ComFiling Past TaxesIrs File 1040ezH And R Block Free1040ez Fill In2012 Income Tax Forms 1040ezFree State Tax Filing SoftwareFile Taxes From 2012Where To File State Taxes For FreeTax Software 2012Military Tax QuestionsIrs 1040ez Form 2012Federal Tax Forms 1040ezWww Freefile Irs Gov1040 Ez FreeE File State Tax Return1040ez OnlineCt 1040xWww Taxes Hrblock Com2009 Turbo TaxWhen Amend Tax Return

Free Online Tax Filing

Free online tax filing Publication 547 - Main Content Table of Contents CasualtyFamily pet. Free online tax filing Progressive deterioration. Free online tax filing Special Procedure for Damage From Corrosive Drywall Theft Loss on Deposits Proof of Loss Figuring a LossGain from reimbursement. Free online tax filing Business or income-producing property. Free online tax filing Loss of inventory. Free online tax filing Leased property. Free online tax filing Exception for personal-use real property. Free online tax filing Decrease in Fair Market Value Adjusted Basis Insurance and Other Reimbursements Deduction Limits2% Rule $100 Rule 10% Rule Figuring the Deduction Figuring a GainPostponement of Gain When To Report Gains and LossesLoss on deposits. Free online tax filing Lessee's loss. Free online tax filing Disaster Area LossesDisaster loss to inventory. Free online tax filing Main home in disaster area. Free online tax filing Unsafe home. Free online tax filing Time limit for making choice. Free online tax filing Revoking your choice. Free online tax filing Figuring the loss deduction. Free online tax filing How to report the loss on Form 1040X. Free online tax filing Records. Free online tax filing Need a copy of your tax return for the preceding year? Postponed Tax Deadlines Contacting the Federal Emergency Management Agency (FEMA) How To Report Gains and LossesProperty held 1 year or less. Free online tax filing Property held more than 1 year. Free online tax filing Depreciable property. Free online tax filing Adjustments to Basis If Deductions Are More Than Income How To Get Tax HelpLow Income Taxpayer Clinics Casualty A casualty is the damage, destruction, or loss of property resulting from an identifiable event that is sudden, unexpected, or unusual. Free online tax filing A sudden event is one that is swift, not gradual or progressive. Free online tax filing An unexpected event is one that is ordinarily unanticipated and unintended. Free online tax filing 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. Free online tax filing Generally, casualty losses are deductible during the taxable year that the loss occurred. Free online tax filing See Table 3, later. Free online tax filing Deductible losses. Free online tax filing   Deductible casualty losses can result from a number of different causes, including the following. Free online tax filing Car accidents (but see Nondeductible losses , next, for exceptions). Free online tax filing Earthquakes. Free online tax filing Fires (but see Nondeductible losses , next, for exceptions). Free online tax filing Floods. Free online tax filing Government-ordered demolition or relocation of a home that is unsafe to use because of a disaster as discussed under Disaster Area Losses , later. Free online tax filing Mine cave-ins. Free online tax filing Shipwrecks. Free online tax filing Sonic booms. Free online tax filing Storms, including hurricanes and tornadoes. Free online tax filing Terrorist attacks. Free online tax filing Vandalism. Free online tax filing Volcanic eruptions. Free online tax filing Nondeductible losses. Free online tax filing   A casualty loss is not deductible if the damage or destruction is caused by the following. Free online tax filing Accidentally breaking articles such as glassware or china under normal conditions. Free online tax filing A family pet (explained below). Free online tax filing A fire if you willfully set it, or pay someone else to set it. Free online tax filing A car accident if your willful negligence or willful act caused it. Free online tax filing The same is true if the willful act or willful negligence of someone acting for you caused the accident. Free online tax filing Progressive deterioration (explained below). Free online tax filing However, see Special Procedure for Damage From Corrosive Drywall , later. Free online tax filing Family pet. Free online tax filing   Loss of property due to damage by a family pet is not deductible as a casualty loss unless the requirements discussed earlier under Casualty are met. Free online tax filing Example. Free online tax filing Your antique oriental rug was damaged by your new puppy before it was housebroken. Free online tax filing Because the damage was not unexpected and unusual, the loss is not deductible as a casualty loss. Free online tax filing Progressive deterioration. Free online tax filing   Loss of property due to progressive deterioration is not deductible as a casualty loss. Free online tax filing This is because the damage results from a steadily operating cause or a normal process, rather than from a sudden event. Free online tax filing The following are examples of damage due to progressive deterioration. Free online tax filing The steady weakening of a building due to normal wind and weather conditions. Free online tax filing The deterioration and damage to a water heater that bursts. Free online tax filing However, the rust and water damage to rugs and drapes caused by the bursting of a water heater does qualify as a casualty. Free online tax filing Most losses of property caused by droughts. Free online tax filing To be deductible, a drought-related loss generally must be incurred in a trade or business or in a transaction entered into for profit. Free online tax filing Termite or moth damage. Free online tax filing The damage or destruction of trees, shrubs, or other plants by a fungus, disease, insects, worms, or similar pests. Free online tax filing However, a sudden destruction due to an unexpected or unusual infestation of beetles or other insects may result in a casualty loss. Free online tax filing Special Procedure for Damage From Corrosive Drywall Under a special procedure, you can deduct the amounts you paid to repair damage to your home and household appliances due to corrosive drywall. Free online tax filing Under this procedure, you treat the amounts paid for repairs as a casualty loss in the year of payment. Free online tax filing For example, amounts you paid for repairs in 2013 are deductible on your 2013 tax return and amounts you paid for repairs in 2012 are deductible on your 2012 tax return. Free online tax filing Note. Free online tax filing If you paid for any repairs before 2013 and you choose to follow this special procedure, you can amend your return for the earlier year by filing Form 1040X, Amended U. Free online tax filing S. Free online tax filing Individual Income Tax Return, and attaching a completed Form 4684 for the appropriate year. Free online tax filing Form 4684 for the appropriate year can be found at IRS. Free online tax filing gov. Free online tax filing Generally, Form 1040X must be filed within 3 years after the date the original return was filed or within 2 years after the date the tax was paid, whichever is later. Free online tax filing Corrosive drywall. Free online tax filing   For purposes of this special procedure, “corrosive drywall” means drywall that is identified as problem drywall under the two-step identification method published by the Consumer Product Safety Commission (CPSC) and the Department of Housing and Urban Development (HUD) in their interim guidance dated January 28, 2010, as revised by the CPSC and HUD. Free online tax filing The revised identification guidance and remediation guidelines are available at www. Free online tax filing cpsc. Free online tax filing gov/Safety-Education/Safety-Education-Centers/Drywall. Free online tax filing Special instructions for completing Form 4684. Free online tax filing   If you choose to follow this special procedure, complete Form 4684, Section A, according to the instructions below. Free online tax filing The IRS will not challenge your treatment of damage resulting from corrosive drywall as a casualty loss if you determine and report the loss as explained below. Free online tax filing Top margin of Form 4684. Free online tax filing   Enter “Revenue Procedure 2010-36”. Free online tax filing Line 1. Free online tax filing   Enter the information required by the line 1 instructions. Free online tax filing Line 2. Free online tax filing   Skip this line. Free online tax filing Line 3. Free online tax filing   Enter the amount of insurance or other reimbursements you received (including through litigation). Free online tax filing If none, enter -0-. Free online tax filing Lines 4–7. Free online tax filing   Skip these lines. Free online tax filing Line 8. Free online tax filing   Enter the amount you paid to repair the damage to your home and household appliances due to corrosive drywall. Free online tax filing Enter only the amounts you paid to restore your home to the condition existing immediately before the damage. Free online tax filing Do not enter any amounts you paid for improvements or additions that increased the value of your home above its pre-loss value. Free online tax filing If you replaced a household appliance instead of repairing it, enter the lesser of: The current cost to replace the original appliance, or The basis of the original appliance (generally its cost). Free online tax filing Line 9. Free online tax filing   If line 8 is more than line 3, do one of the following. Free online tax filing If you have a pending claim for reimbursement (or you intend to pursue reimbursement), enter 75% of the difference between lines 3 and 8. Free online tax filing If item (1) does not apply to you, enter the full amount of the difference between lines 3 and 8. Free online tax filing If line 8 is less than or equal to line 3, you cannot claim a casualty loss deduction using this special procedure. Free online tax filing    If you have a pending claim for reimbursement (or you intend to pursue reimbursement), you may have income or an additional deduction in a later tax year depending on the actual amount of reimbursement received. Free online tax filing See Reimbursement Received After Deducting Loss, later. Free online tax filing Lines 10–18. Free online tax filing   Complete these lines according to the Instructions for Form 4684. Free online tax filing Choosing not to follow this special procedure. Free online tax filing   If you choose not to follow this special procedure, you are subject to all of the provisions that apply to the deductibility of casualty losses, and you must complete lines 1–9 according to the Instructions for Form 4684. Free online tax filing This means, for example, that you must establish that the damage, destruction, or loss of property resulted from an identifiable event as defined earlier under Casualty . Free online tax filing Furthermore, you must have proof that shows the following. Free online tax filing The loss is properly deductible in the tax year you claimed it and not in some other year. Free online tax filing See When To Report Gains and Losses , later. Free online tax filing The amount of the claimed loss. Free online tax filing See Proof of Loss , later. Free online tax filing No claim for reimbursement of any portion of the loss exists for which there is a reasonable prospect of recovery. Free online tax filing See When To Report Gains and Losses , later. Free online tax filing Theft A theft is the taking and removing of money or property with the intent to deprive the owner of it. Free online tax filing 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. Free online tax filing You do not need to show a conviction for theft. Free online tax filing Theft includes the taking of money or property by the following means. Free online tax filing Blackmail. Free online tax filing Burglary. Free online tax filing Embezzlement. Free online tax filing Extortion. Free online tax filing Kidnapping for ransom. Free online tax filing Larceny. Free online tax filing Robbery. Free online tax filing The taking of money or property through fraud or misrepresentation is theft if it is illegal under state or local law. Free online tax filing Decline in market value of stock. Free online tax filing   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. Free online tax filing 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. Free online tax filing You report a capital loss on Schedule D (Form 1040). Free online tax filing For more information about stock sales, worthless stock, and capital losses, see chapter 4 of Publication 550. Free online tax filing Mislaid or lost property. Free online tax filing    The simple disappearance of money or property is not a theft. Free online tax filing 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. Free online tax filing Sudden, unexpected, and unusual events were defined earlier under Casualty . Free online tax filing Example. Free online tax filing A car door is accidentally slammed on your hand, breaking the setting of your diamond ring. Free online tax filing The diamond falls from the ring and is never found. Free online tax filing The loss of the diamond is a casualty. Free online tax filing Losses from Ponzi-type investment schemes. Free online tax filing   The IRS has issued the following guidance to assist taxpayers who are victims of losses from Ponzi-type investment schemes: Revenue Ruling 2009-9, 2009-14 I. Free online tax filing R. Free online tax filing B. Free online tax filing 735 (available at www. Free online tax filing irs. Free online tax filing gov/irb/2009-14_IRB/ar07. Free online tax filing html). Free online tax filing Revenue Procedure 2009-20, 2009-14 I. Free online tax filing R. Free online tax filing B. Free online tax filing 749 (available at www. Free online tax filing irs. Free online tax filing gov/irb/2009-14_IRB/ar11. Free online tax filing html). Free online tax filing Revenue Procedure 2011-58, 2011-50 I. Free online tax filing R. Free online tax filing B. Free online tax filing 847 (available at www. Free online tax filing irs. Free online tax filing gov/irb/2011-50_IRB/ar11. Free online tax filing html). Free online tax filing If you qualify to use Revenue Procedure 2009-20, as modified by Revenue Procedure 2011-58, and you choose to follow the procedures in the guidance, first fill out Section C of Form 4684 to determine the amount to enter on Section B, line 28. Free online tax filing Skip lines 19 to 27, but you must fill out Section B, lines 29 to 39, as appropriate. Free online tax filing Section C of Form 4684 replaces Appendix A in Revenue Procedure 2009-20. Free online tax filing You do not need to complete Appendix A. Free online tax filing For more information, see the above revenue ruling and revenue procedures, and the Instructions for Form 4684. Free online tax filing   If you choose not to use the procedures in Revenue Procedure 2009-20, as modified by Revenue Procedure 2011-58, you may claim your theft loss by filling out Section B, lines 19 to 39, as appropriate. Free online tax filing Loss on Deposits A loss on deposits can occur when a bank, credit union, or other financial institution becomes insolvent or bankrupt. Free online tax filing If you incurred this type of loss, you can choose one of the following ways to deduct the loss. Free online tax filing As a casualty loss. Free online tax filing As an ordinary loss. Free online tax filing As a nonbusiness bad debt. Free online tax filing Casualty loss or ordinary loss. Free online tax filing   You can choose to deduct a loss on deposits as a casualty loss or as an ordinary loss for any year in which you can reasonably estimate how much of your deposits you have lost in an insolvent or bankrupt financial institution. Free online tax filing The choice generally is made on the return you file for that year and applies to all your losses on deposits for the year in that particular financial institution. Free online tax filing If you treat the loss as a casualty or ordinary loss, you cannot treat the same amount of the loss as a nonbusiness bad debt when it actually becomes worthless. Free online tax filing However, you can take a nonbusiness bad debt deduction for any amount of loss that is more than the estimated amount you deducted as a casualty or ordinary loss. Free online tax filing Once you make the choice, you cannot change it without permission from the Internal Revenue Service. Free online tax filing   If you claim an ordinary loss, report it as a miscellaneous itemized deduction on Schedule A (Form 1040), line 23. Free online tax filing The maximum amount you can claim is $20,000 ($10,000 if you are married filing separately) reduced by any expected state insurance proceeds. Free online tax filing Your loss is subject to the 2%-of-adjusted-gross-income limit. Free online tax filing You cannot choose to claim an ordinary loss if any part of the deposit is federally insured. Free online tax filing Nonbusiness bad debt. Free online tax filing   If you do not choose to deduct the loss as a casualty loss or as an ordinary loss, you must wait until the year the actual loss is determined and deduct the loss as a nonbusiness bad debt in that year. Free online tax filing How to report. Free online tax filing   The kind of deduction you choose for your loss on deposits determines how you report your loss. Free online tax filing See Table 1. Free online tax filing More information. Free online tax filing   For more information, see Special Treatment for Losses on Deposits in Insolvent or Bankrupt Financial Institutions in the Instructions for Form 4684. Free online tax filing Deducted loss recovered. Free online tax filing   If you recover an amount you deducted as a loss in an earlier year, you may have to include the amount recovered in your income for the year of recovery. Free online tax filing If any part of the original deduction did not reduce your tax in the earlier year, you do not have to include that part of the recovery in your income. Free online tax filing For more information, see Recoveries in Publication 525. Free online tax filing Proof of Loss To deduct a casualty or theft loss, you must be able to show that there was a casualty or theft. Free online tax filing You also must be able to support the amount you take as a deduction. Free online tax filing Casualty loss proof. Free online tax filing   For a casualty loss, you should be able to show all of the following. Free online tax filing The type of casualty (car accident, fire, storm, etc. Free online tax filing ) and when it occurred. Free online tax filing That the loss was a direct result of the casualty. Free online tax filing 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. Free online tax filing Whether a claim for reimbursement exists for which there is a reasonable expectation of recovery. Free online tax filing Theft loss proof. Free online tax filing   For a theft loss, you should be able to show all of the following. Free online tax filing When you discovered that your property was missing. Free online tax filing That your property was stolen. Free online tax filing That you were the owner of the property. Free online tax filing Whether a claim for reimbursement exists for which there is a reasonable expectation of recovery. Free online tax filing    It is important that you have records that will prove your deduction. Free online tax filing If you do not have the actual records to support your deduction, you can use other satisfactory evidence to support it. Free online tax filing Figuring a Loss To determine your deduction for a casualty or theft loss, you must first figure your loss. Free online tax filing Table 1. Free online tax filing Reporting Loss on Deposits IF you choose to report the loss as a(n). Free online tax filing . Free online tax filing . Free online tax filing   THEN report it on. Free online tax filing . Free online tax filing . Free online tax filing casualty loss   Form 4684 and Schedule A  (Form 1040). Free online tax filing ordinary loss   Schedule A (Form 1040). Free online tax filing nonbusiness bad debt   Form 8949 and Schedule D (Form 1040). Free online tax filing Amount of loss. Free online tax filing   Figure the amount of your loss using the following steps. Free online tax filing Determine your adjusted basis in the property before the casualty or theft. Free online tax filing Determine the decrease in fair market value (FMV) of the property as a result of the casualty or theft. Free online tax filing From the smaller of the amounts you determined in (1) and (2), subtract any insurance or other reimbursement you received or expect to receive. Free online tax filing For personal-use property and property used in performing services as an employee, apply the deduction limits, discussed later, to determine the amount of your deductible loss. Free online tax filing Gain from reimbursement. Free online tax filing   If your reimbursement is more than your adjusted basis in the property, you have a gain. Free online tax filing This is true even if the decrease in the FMV of the property is smaller than your adjusted basis. Free online tax filing If you have a gain, you may have to pay tax on it, or you may be able to postpone reporting the gain. Free online tax filing See Figuring a Gain , later. Free online tax filing Business or income-producing property. Free online tax filing   If you have business or income-producing property, such as rental property, and it is stolen or completely destroyed, the decrease in FMV is not considered. Free online tax filing 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   Loss of inventory. Free online tax filing   There are two ways you can deduct a casualty or theft loss of inventory, including items you hold for sale to customers. Free online tax filing   One way is to deduct the loss through the increase in the cost of goods sold by properly reporting your opening and closing inventories. Free online tax filing Do not claim this loss again as a casualty or theft loss. Free online tax filing If you take the loss through the increase in the cost of goods sold, include any insurance or other reimbursement you receive for the loss in gross income. Free online tax filing   The other way is to deduct the loss separately. Free online tax filing If you deduct it separately, eliminate the affected inventory items from the cost of goods sold by making a downward adjustment to opening inventory or purchases. Free online tax filing Reduce the loss by the reimbursement you received. Free online tax filing Do not include the reimbursement in gross income. Free online tax filing If you do not receive the reimbursement by the end of the year, you may not claim a loss to the extent you have a reasonable prospect of recovery. Free online tax filing Leased property. Free online tax filing   If you are liable for casualty damage to property you lease, your loss is the amount you must pay to repair the property minus any insurance or other reimbursement you receive or expect to receive. Free online tax filing Separate computations. Free online tax filing   Generally, if a single casualty or theft involves more than one item of property, you must figure the loss on each item separately. Free online tax filing Then combine the losses to determine the total loss from that casualty or theft. Free online tax filing Exception for personal-use real property. Free online tax filing   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. Free online tax filing Figure the loss using the smaller of the following. Free online tax filing The decrease in FMV of the entire property. Free online tax filing The adjusted basis of the entire property. Free online tax filing   See Real property under Figuring the Deduction, later. Free online tax filing Decrease in Fair Market Value Fair market value (FMV) is the price for which you could sell your property to a willing buyer when neither of you has to sell or buy and both of you know all the relevant facts. Free online tax filing The decrease in FMV used to figure the amount of a casualty or theft loss is the difference between the property's fair market value immediately before and immediately after the casualty or theft. Free online tax filing FMV of stolen property. Free online tax filing   The FMV of property immediately after a theft is considered to be zero because you no longer have the property. Free online tax filing Example. Free online tax filing Several years ago, you purchased silver dollars at face value for $150. Free online tax filing This is your adjusted basis in the property. Free online tax filing Your silver dollars were stolen this year. Free online tax filing The FMV of the coins was $1,000 just before they were stolen, and insurance did not cover them. Free online tax filing Your theft loss is $150. Free online tax filing Recovered stolen property. Free online tax filing   Recovered stolen property is your property that was stolen and later returned to you. Free online tax filing If you recovered property after you had already taken a theft loss deduction, you must refigure your loss using the smaller of the property's adjusted basis (explained later) or the decrease in FMV from the time just before it was stolen until the time it was recovered. Free online tax filing Use this amount to refigure your total loss for the year in which the loss was deducted. Free online tax filing   If your refigured loss is less than the loss you deducted, you generally have to report the difference as income in the recovery year. Free online tax filing But report the difference only up to the amount of the loss that reduced your tax. Free online tax filing For more information on the amount to report, see Recoveries in Publication 525. Free online tax filing Figuring Decrease in FMV — Items To Consider To figure the decrease in FMV because of a casualty or theft, you generally need a competent appraisal. Free online tax filing However, other measures also can be used to establish certain decreases. Free online tax filing See Appraisal and Cost of cleaning up or making repairs , next. Free online tax filing Appraisal. Free online tax filing   An appraisal to determine the difference between the FMV of the property immediately before a casualty or theft and immediately afterwards should be made by a competent appraiser. Free online tax filing The appraiser must recognize the effects of any general market decline that may occur along with the casualty. Free online tax filing This information is needed to limit any deduction to the actual loss resulting from damage to the property. Free online tax filing   Several factors are important in evaluating the accuracy of an appraisal, including the following. Free online tax filing The appraiser's familiarity with your property before and after the casualty or theft. Free online tax filing The appraiser's knowledge of sales of comparable property in the area. Free online tax filing The appraiser's knowledge of conditions in the area of the casualty. Free online tax filing The appraiser's method of appraisal. Free online tax filing You may be able to use an appraisal that you used to get a federal loan (or a federal loan guarantee) as the result of a federally declared disaster to establish the amount of your disaster loss. Free online tax filing For more information on disasters, see Disaster Area Losses, later. Free online tax filing Cost of cleaning up or making repairs. Free online tax filing   The cost of repairing damaged property is not part of a casualty loss. Free online tax filing Neither is the cost of cleaning up after a casualty. Free online tax filing But you can use the cost of cleaning up or of making repairs after a casualty as a measure of the decrease in FMV if you meet all the following conditions. Free online tax filing The repairs are actually made. Free online tax filing The repairs are necessary to bring the property back to its condition before the casualty. Free online tax filing The amount spent for repairs is not excessive. Free online tax filing The repairs take care of the damage only. Free online tax filing The value of the property after the repairs is not, due to the repairs, more than the value of the property before the casualty. Free online tax filing Landscaping. Free online tax filing   The cost of restoring landscaping to its original condition after a casualty may indicate the decrease in FMV. Free online tax filing You may be able to measure your loss by what you spend on the following. Free online tax filing Removing destroyed or damaged trees and shrubs, minus any salvage you receive. Free online tax filing Pruning and other measures taken to preserve damaged trees and shrubs. Free online tax filing Replanting necessary to restore the property to its approximate value before the casualty. Free online tax filing Car value. Free online tax filing   Books issued by various automobile organizations that list your car may be useful in figuring the value of your car. Free online tax filing You can use the books' retail values and modify them by factors such as the mileage and condition of your car to figure its value. Free online tax filing The prices are not official, but they may be useful in determining value and suggesting relative prices for comparison with current sales and offerings in your area. Free online tax filing If your car is not listed in the books, determine its value from other sources. Free online tax filing A dealer's offer for your car as a trade-in on a new car is not usually a measure of its true value. Free online tax filing Figuring Decrease in FMV — Items Not To Consider You generally should not consider the following items when attempting to establish the decrease in FMV of your property. Free online tax filing Cost of protection. Free online tax filing   The cost of protecting your property against a casualty or theft is not part of a casualty or theft loss. Free online tax filing The amount you spend on insurance or to board up your house against a storm is not part of your loss. Free online tax filing If the property is business property, these expenses are deductible as business expenses. Free online tax filing   If you make permanent improvements to your property to protect it against a casualty or theft, add the cost of these improvements to your basis in the property. Free online tax filing An example would be the cost of a dike to prevent flooding. Free online tax filing Exception. Free online tax filing   You cannot increase your basis in the property by, or deduct as a business expense, any expenditures you made with respect to qualified disaster mitigation payments (discussed later under Disaster Area Losses ). Free online tax filing Related expenses. Free online tax filing   The incidental expenses due to a casualty or theft, such as expenses for the treatment of personal injuries, for temporary housing, or for a rental car, are not part of your casualty or theft loss. Free online tax filing However, they may be deductible as business expenses if the damaged or stolen property is business property. Free online tax filing Replacement cost. Free online tax filing   The cost of replacing stolen or destroyed property is not part of a casualty or theft loss. Free online tax filing Example. Free online tax filing You bought a new chair 4 years ago for $300. Free online tax filing In April, a fire destroyed the chair. Free online tax filing You estimate that it would cost $500 to replace it. Free online tax filing If you had sold the chair before the fire, you estimate that you could have received only $100 for it because it was 4 years old. Free online tax filing The chair was not insured. Free online tax filing Your loss is $100, the FMV of the chair before the fire. Free online tax filing It is not $500, the replacement cost. Free online tax filing Sentimental value. Free online tax filing   Do not consider sentimental value when determining your loss. Free online tax filing If a family portrait, heirloom, or keepsake is damaged, destroyed, or stolen, you must base your loss on its FMV, as limited by your adjusted basis in the property. Free online tax filing Decline in market value of property in or near casualty area. Free online tax filing   A decrease in the value of your property because it is in or near an area that suffered a casualty, or that might again suffer a casualty, is not to be taken into consideration. Free online tax filing You have a loss only for actual casualty damage to your property. Free online tax filing However, if your home is in a federally declared disaster area, see Disaster Area Losses , later. Free online tax filing Costs of photographs and appraisals. Free online tax filing   Photographs taken after a casualty will be helpful in establishing the condition and value of the property after it was damaged. Free online tax filing Photographs showing the condition of the property after it was repaired, restored, or replaced may also be helpful. Free online tax filing   Appraisals are used to figure the decrease in FMV because of a casualty or theft. Free online tax filing See Appraisal , earlier, under Figuring Decrease in FMV — Items To Consider, for information about appraisals. Free online tax filing   The costs of photographs and appraisals used as evidence of the value and condition of property damaged as a result of a casualty are not a part of the loss. Free online tax filing They are expenses in determining your tax liability. Free online tax filing You can claim these costs as a miscellaneous itemized deduction subject to the 2%-of-adjusted-gross-income limit on Schedule A (Form 1040). Free online tax filing Adjusted Basis The measure of your investment in the property you own is its basis. Free online tax filing For property you buy, your basis is usually its cost to you. Free online tax filing For property you acquire in some other way, such as inheriting it, receiving it as a gift, or getting it in a nontaxable exchange, you must figure your basis in another way, as explained in Publication 551. Free online tax filing If you inherited the property from someone who died in 2010 and the executor of the decedent's estate made the election to file Form 8939, refer to the information provided by the executor or see Publication 4895, Tax Treatment of Property Acquired From a Decedent Dying in 2010. Free online tax filing Adjustments to basis. Free online tax filing    While you own the property, various events may take place that change your basis. Free online tax filing Some events, such as additions or permanent improvements to the property, increase basis. Free online tax filing Others, such as earlier casualty losses and depreciation deductions, decrease basis. Free online tax filing When you add the increases to the basis and subtract the decreases from the basis, the result is your adjusted basis. Free online tax filing See Publication 551 for more information on figuring the basis of your property. Free online tax filing Insurance and Other Reimbursements If you receive an insurance or other type of reimbursement, you must subtract the reimbursement when you figure your loss. Free online tax filing You do not have a casualty or theft loss to the extent you are reimbursed. Free online tax filing If you expect to be reimbursed for part or all of your loss, you must subtract the expected reimbursement when you figure your loss. Free online tax filing You must reduce your loss even if you do not receive payment until a later tax year. Free online tax filing See Reimbursement Received After Deducting Loss , later. Free online tax filing Failure to file a claim for reimbursement. Free online tax filing   If your property is covered by insurance, you must file a timely insurance claim for reimbursement of your loss. Free online tax filing Otherwise, you cannot deduct this loss as a casualty or theft. Free online tax filing The portion of the loss usually not covered by insurance (for example, a deductible) is not subject to this rule. Free online tax filing Example. Free online tax filing You have a car insurance policy with a $1,000 deductible. Free online tax filing Because your insurance did not cover the first $1,000 of an auto collision, the $1,000 would be deductible (subject to the $100 and 10% rules, discussed later). Free online tax filing This is true, even if you do not file an insurance claim, because your insurance policy would never have reimbursed you for the deductible. Free online tax filing Types of Reimbursements The most common type of reimbursement is an insurance payment for your stolen or damaged property. Free online tax filing Other types of reimbursements are discussed next. Free online tax filing Also see the Instructions for Form 4684. Free online tax filing Employer's emergency disaster fund. Free online tax filing   If you receive money from your employer's emergency disaster fund and you must use that money to rehabilitate or replace property on which you are claiming a casualty loss deduction, you must take that money into consideration in computing the casualty loss deduction. Free online tax filing Take into consideration only the amount you used to replace your destroyed or damaged property. Free online tax filing Example. Free online tax filing Your home was extensively damaged by a tornado. Free online tax filing Your loss after reimbursement from your insurance company was $10,000. Free online tax filing Your employer set up a disaster relief fund for its employees. Free online tax filing Employees receiving money from the fund had to use it to rehabilitate or replace their damaged or destroyed property. Free online tax filing You received $4,000 from the fund and spent the entire amount on repairs to your home. Free online tax filing In figuring your casualty loss, you must reduce your unreimbursed loss ($10,000) by the $4,000 you received from your employer's fund. Free online tax filing Your casualty loss before applying the deduction limits (discussed later) is $6,000. Free online tax filing Cash gifts. Free online tax filing   If you receive excludable cash gifts as a disaster victim and there are no limits on how you can use the money, you do not reduce your casualty loss by these excludable cash gifts. Free online tax filing This applies even if you use the money to pay for repairs to property damaged in the disaster. Free online tax filing Example. Free online tax filing Your home was damaged by a hurricane. Free online tax filing Relatives and neighbors made cash gifts to you that were excludable from your income. Free online tax filing You used part of the cash gifts to pay for repairs to your home. Free online tax filing There were no limits or restrictions on how you could use the cash gifts. Free online tax filing It was an excludable gift, so the money you received and used to pay for repairs to your home does not reduce your casualty loss on the damaged home. Free online tax filing Insurance payments for living expenses. Free online tax filing   You do not reduce your casualty loss by insurance payments you receive to cover living expenses in either of the following situations. Free online tax filing You lose the use of your main home because of a casualty. Free online tax filing Government authorities do not allow you access to your main home because of a casualty or threat of one. Free online tax filing Inclusion in income. Free online tax filing   If these insurance payments are more than the temporary increase in your living expenses, you must include the excess in your income. Free online tax filing Report this amount on Form 1040, line 21. Free online tax filing However, if the casualty occurs in a federally declared disaster area, none of the insurance payments are taxable. Free online tax filing See Qualified disaster relief payments , later, under Disaster Area Losses. Free online tax filing   A temporary increase in your living expenses is the difference between the actual living expenses you and your family incurred during the period you could not use your home and your normal living expenses for that period. Free online tax filing Actual living expenses are the reasonable and necessary expenses incurred because of the loss of your main home. Free online tax filing Generally, these expenses include the amounts you pay for the following. Free online tax filing Renting suitable housing. Free online tax filing Transportation. Free online tax filing Food. Free online tax filing Utilities. Free online tax filing Miscellaneous services. Free online tax filing Normal living expenses consist of these same expenses that you would have incurred but did not because of the casualty or the threat of one. Free online tax filing Example. Free online tax filing As a result of a fire, you vacated your apartment for a month and moved to a motel. Free online tax filing You normally pay $525 a month for rent. Free online tax filing None was charged for the month the apartment was vacated. Free online tax filing Your motel rent for this month was $1,200. Free online tax filing You normally pay $200 a month for food. Free online tax filing Your food expenses for the month you lived in the motel were $400. Free online tax filing You received $1,100 from your insurance company to cover your living expenses. Free online tax filing You determine the payment you must include in income as follows. Free online tax filing 1. Free online tax filing Insurance payment for living expenses $1,100 2. Free online tax filing Actual expenses during the month you are unable to use your home because of the fire $1,600   3. Free online tax filing Normal living expenses 725   4. Free online tax filing Temporary increase in living expenses: Subtract line 3  from line 2 875 5. Free online tax filing Amount of payment includible in income: Subtract line 4 from line 1 $ 225 Tax year of inclusion. Free online tax filing   You include the taxable part of the insurance payment in income for the year you regain the use of your main home or, if later, for the year you receive the taxable part of the insurance payment. Free online tax filing Example. Free online tax filing Your main home was destroyed by a tornado in August 2011. Free online tax filing You regained use of your home in November 2012. Free online tax filing The insurance payments you received in 2011 and 2012 were $1,500 more than the temporary increase in your living expenses during those years. Free online tax filing You include this amount in income on your 2012 Form 1040. Free online tax filing If, in 2013, you receive further payments to cover the living expenses you had in 2011 and 2012, you must include those payments in income on your 2013 Form 1040. Free online tax filing Disaster relief. Free online tax filing   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. Free online tax filing Table 2. Free online tax filing Deduction Limit Rules for Personal-Use and Employee Property       $100 Rule 10% Rule 2% Rule General Application You must reduce each casualty or theft loss by $100 when figuring your deduction. Free online tax filing Apply this rule to personal-use property after you have figured the amount of your loss. Free online tax filing You must reduce your total casualty or theft loss by 10% of your adjusted gross income. Free online tax filing Apply this rule to personal-use property after you reduce each loss by $100 (the $100 rule). Free online tax filing You must reduce your total casualty or theft loss by 2% of your adjusted gross income. Free online tax filing Apply this rule to property you used in performing services as an employee after you have figured the amount of your loss and added it to your job expenses and most other miscellaneous itemized deductions. Free online tax filing Single Event Apply this rule only once, even if many pieces of property are affected. Free online tax filing Apply this rule only once, even if many pieces of property are affected. Free online tax filing Apply this rule only once, even if many pieces of property are affected. Free online tax filing More Than One Event Apply to the loss from each event. Free online tax filing Apply to the total of all your losses from all events. Free online tax filing Apply to the total of all your losses from all events. Free online tax filing More Than One Person— With Loss From the   Same Event  (other than a married couple  filing jointly) Apply separately to each person. Free online tax filing Apply separately to each person. Free online tax filing Apply separately to each person. Free online tax filing Married Couple—  With Loss From the  Same Event Filing Joint Return Apply as if you were one person. Free online tax filing Apply as if you were one person. Free online tax filing Apply as if you were one person. Free online tax filing Filing Separate Return Apply separately to each spouse. Free online tax filing Apply separately to each spouse. Free online tax filing Apply separately to each spouse. Free online tax filing More Than One Owner (other than a married couple filing jointly) Apply separately to each owner of jointly owned property. Free online tax filing Apply separately to each owner of jointly owned property. Free online tax filing Apply separately to each owner of jointly owned property. Free online tax filing    Qualified disaster relief payments you receive for expenses you incurred as a result of a federally declared disaster, are not taxable income to you. Free online tax filing For more information, see Qualified disaster relief payments under Disaster Area Losses, later. Free online tax filing   Disaster unemployment assistance payments are unemployment benefits that are taxable. Free online tax filing   Generally, disaster relief grants received under the Robert T. Free online tax filing Stafford Disaster Relief and Emergency Assistance Act are not included in your income. Free online tax filing See Federal disaster relief grants , later, under Disaster Area Losses. Free online tax filing Loan proceeds. Free online tax filing   Do not reduce your casualty loss by loan proceeds you use to rehabilitate or replace property on which you are claiming a casualty loss deduction. Free online tax filing If you have a federal loan that is canceled (forgiven), see Federal loan canceled , later, under Disaster Area Losses. Free online tax filing Reimbursement Received After Deducting Loss If you figured your casualty or theft loss using the amount of your expected reimbursement, you may have to adjust your tax return for the tax year in which you get your actual reimbursement. Free online tax filing This section explains the adjustment you may have to make. Free online tax filing Actual reimbursement less than expected. Free online tax filing   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. Free online tax filing Example. Free online tax filing Your personal car had a FMV of $2,000 when it was destroyed in a collision with another car in 2012. Free online tax filing The accident was due to the negligence of the other driver. Free online tax filing At the end of 2012, there was a reasonable prospect that the owner of the other car would reimburse you in full. Free online tax filing You did not have a deductible loss in 2012. Free online tax filing In January 2013, the court awards you a judgment of $2,000. Free online tax filing However, in July it becomes apparent that you will be unable to collect any amount from the other driver. Free online tax filing Since this is your only casualty or theft loss, you can deduct the loss in 2013 that is figured by applying the Deduction Limits (discussed later). Free online tax filing Actual reimbursement more than expected. Free online tax filing   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. Free online tax filing However, if any part of the original deduction did not reduce your tax for the earlier year, do not include that part of the reimbursement in your income. Free online tax filing You do not refigure your tax for the year you claimed the deduction. Free online tax filing See Recoveries in Publication 525 to find out how much extra reimbursement to include in income. Free online tax filing Example. Free online tax filing In 2012, a hurricane destroyed your motorboat. Free online tax filing Your loss was $3,000, and you estimated that your insurance would cover $2,500 of it. Free online tax filing You did not itemize deductions on your 2012 return, so you could not deduct the loss. Free online tax filing When the insurance company reimburses you for the loss, you do not report any of the reimbursement as income. Free online tax filing This is true even if it is for the full $3,000 because you did not deduct the loss on your 2012 return. Free online tax filing The loss did not reduce your tax. Free online tax filing    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. Free online tax filing If you have already taken a deduction for a loss and you receive the reimbursement in a later year, you may have to include the gain in your income for the later year. Free online tax filing Include the gain as ordinary income up to the amount of your deduction that reduced your tax for the earlier year. Free online tax filing You may be able to postpone reporting any remaining gain as explained under Postponement of Gain, later. Free online tax filing Actual reimbursement same as expected. Free online tax filing   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. Free online tax filing Example. Free online tax filing In December 2013, you had a collision while driving your personal car. Free online tax filing Repairs to the car cost $950. Free online tax filing You had $100 deductible collision insurance. Free online tax filing Your insurance company agreed to reimburse you for the rest of the damage. Free online tax filing Because you expected a reimbursement from the insurance company, you did not have a casualty loss deduction in 2013. Free online tax filing Due to the $100 rule, you cannot deduct the $100 you paid as the deductible. Free online tax filing When you receive the $850 from the insurance company in 2014, do not report it as income. Free online tax filing Deduction Limits After you have figured your casualty or theft loss, you must figure how much of the loss you can deduct. Free online tax filing The deduction for casualty and theft losses of employee property and personal-use property is limited. Free online tax filing A loss on employee property is subject to the 2% rule, discussed next. Free online tax filing With certain exceptions, a loss on property you own for your personal use is subject to the $100 and 10% rules, discussed later. Free online tax filing The 2%, $100, and 10% rules are also summarized in Table 2 . Free online tax filing Losses on business property (other than employee property) and income-producing property are not subject to these rules. Free online tax filing However, if your casualty or theft loss involved a home you used for business or rented out, your deductible loss may be limited. Free online tax filing See the Instructions for Form 4684, Section B. Free online tax filing If the casualty or theft loss involved property used in a passive activity, see Form 8582, Passive Activity Loss Limitations, and its instructions. Free online tax filing 2% Rule The casualty and theft loss deduction for employee property, when added to your job expenses and most other miscellaneous itemized deductions on Schedule A (Form 1040) or Form 1040NR, Schedule A, must be reduced by 2% of your adjusted gross income. Free online tax filing Employee property is property used in performing services as an employee. Free online tax filing $100 Rule After you have figured your casualty or theft loss on personal-use property, as discussed earlier, you must reduce that loss by $100. Free online tax filing This reduction applies to each total casualty or theft loss. Free online tax filing It does not matter how many pieces of property are involved in an event. Free online tax filing Only a single $100 reduction applies. Free online tax filing Example. Free online tax filing You have $750 deductible collision insurance on your car. Free online tax filing The car is damaged in a collision. Free online tax filing The insurance company pays you for the damage minus the $750 deductible. Free online tax filing The amount of the casualty loss is based solely on the deductible. Free online tax filing The casualty loss is $650 ($750 − $100) because the first $100 of a casualty loss on personal-use property is not deductible. Free online tax filing Single event. Free online tax filing   Generally, events closely related in origin cause a single casualty. Free online tax filing It is a single casualty when the damage is from two or more closely related causes, such as wind and flood damage caused by the same storm. Free online tax filing A single casualty may also damage two or more pieces of property, such as a hailstorm that damages both your home and your car parked in your driveway. Free online tax filing Example 1. Free online tax filing A thunderstorm destroyed your pleasure boat. Free online tax filing You also lost some boating equipment in the storm. Free online tax filing Your loss was $5,000 on the boat and $1,200 on the equipment. Free online tax filing Your insurance company reimbursed you $4,500 for the damage to your boat. Free online tax filing You had no insurance coverage on the equipment. Free online tax filing Your casualty loss is from a single event and the $100 rule applies once. Free online tax filing Figure your loss before applying the 10% rule (discussed later) as follows. Free online tax filing     Boat Equipment 1. Free online tax filing Loss $5,000 $1,200 2. Free online tax filing Subtract insurance 4,500 -0- 3. Free online tax filing Loss after reimbursement $ 500 $1,200 4. Free online tax filing Total loss $1,700 5. Free online tax filing Subtract $100 100 6. Free online tax filing Loss before 10% rule $1,600 Example 2. Free online tax filing Thieves broke into your home in January and stole a ring and a fur coat. Free online tax filing You had a loss of $200 on the ring and $700 on the coat. Free online tax filing This is a single theft. Free online tax filing The $100 rule applies to the total $900 loss. Free online tax filing Example 3. Free online tax filing In September, hurricane winds blew the roof off your home. Free online tax filing Flood waters caused by the hurricane further damaged your home and destroyed your furniture and personal car. Free online tax filing This is considered a single casualty. Free online tax filing The $100 rule is applied to your total loss from the flood waters and the wind. Free online tax filing More than one loss. Free online tax filing   If you have more than one casualty or theft loss during your tax year, you must reduce each loss by $100. Free online tax filing Example. Free online tax filing Your family car was damaged in an accident in January. Free online tax filing Your loss after the insurance reimbursement was $75. Free online tax filing In February, your car was damaged in another accident. Free online tax filing This time your loss after the insurance reimbursement was $90. Free online tax filing Apply the $100 rule to each separate casualty loss. Free online tax filing Since neither accident resulted in a loss of over $100, you are not entitled to any deduction for these accidents. Free online tax filing More than one person. Free online tax filing   If two or more individuals (other than a husband and wife filing a joint return) have losses from the same casualty or theft, the $100 rule applies separately to each individual. Free online tax filing Example. Free online tax filing A fire damaged your house and also damaged the personal property of your house guest. Free online tax filing You must reduce your loss by $100. Free online tax filing Your house guest must reduce his or her loss by $100. Free online tax filing Married taxpayers. Free online tax filing   If you and your spouse file a joint return, you are treated as one individual in applying the $100 rule. Free online tax filing It does not matter whether you own the property jointly or separately. Free online tax filing   If you and your spouse have a casualty or theft loss and you file separate returns, each of you must reduce your loss by $100. Free online tax filing This is true even if you own the property jointly. Free online tax filing If one spouse owns the property, only that spouse can figure a loss deduction on a separate return. Free online tax filing   If the casualty or theft loss is on property you own as tenants by the entirety, each of you can figure your deduction on only one-half of the loss on separate returns. Free online tax filing Neither of you can figure your deduction on the entire loss on a separate return. Free online tax filing Each of you must reduce the loss by $100. Free online tax filing More than one owner. Free online tax filing   If two or more individuals (other than a husband and wife filing a joint return) have a loss on property jointly owned, the $100 rule applies separately to each. Free online tax filing For example, if two sisters live together in a home they own jointly and they have a casualty loss on the home, the $100 rule applies separately to each sister. Free online tax filing 10% Rule You must reduce the total of all your casualty or theft losses on personal-use property by 10% of your adjusted gross income. Free online tax filing Apply this rule after you reduce each loss by $100. Free online tax filing For more information, see the Form 4684 instructions. Free online tax filing If you have both gains and losses from casualties or thefts, see Gains and losses , later in this discussion. Free online tax filing Example. Free online tax filing In June, you discovered that your house had been burglarized. Free online tax filing Your loss after insurance reimbursement was $2,000. Free online tax filing Your adjusted gross income for the year you discovered the theft is $29,500. Free online tax filing Figure your theft loss as follows. Free online tax filing 1. Free online tax filing Loss after insurance $2,000 2. Free online tax filing Subtract $100 100 3. Free online tax filing Loss after $100 rule $1,900 4. Free online tax filing Subtract 10% of $29,500 AGI $2,950 5. Free online tax filing 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 ($2,950). Free online tax filing More than one loss. Free online tax filing   If you have more than one casualty or theft loss during your tax year, reduce each loss by any reimbursement and by $100. Free online tax filing Then you must reduce the total of all your losses by 10% of your adjusted gross income. Free online tax filing Example. Free online tax filing In March, you had a car accident that totally destroyed your car. Free online tax filing You did not have collision insurance on your car, so you did not receive any insurance reimbursement. Free online tax filing Your loss on the car was $1,800. Free online tax filing In November, a fire damaged your basement and totally destroyed the furniture, washer, dryer, and other items you had stored there. Free online tax filing Your loss on the basement items after reimbursement was $2,100. Free online tax filing Your adjusted gross income for the year that the accident and fire occurred is $25,000. Free online tax filing You figure your casualty loss deduction as follows. Free online tax filing     Car Basement 1. Free online tax filing Loss $1,800 $2,100 2. Free online tax filing Subtract $100 per incident 100 100 3. Free online tax filing Loss after $100 rule $1,700 $2,000 4. Free online tax filing Total loss $3,700 5. Free online tax filing Subtract 10% of $25,000 AGI 2,500 6. Free online tax filing Casualty loss deduction $1,200 Married taxpayers. Free online tax filing   If you and your spouse file a joint return, you are treated as one individual in applying the 10% rule. Free online tax filing It does not matter if you own the property jointly or separately. Free online tax filing   If you file separate returns, the 10% rule applies to each return on which a loss is claimed. Free online tax filing More than one owner. Free online tax filing   If two or more individuals (other than husband and wife filing a joint return) have a loss on property that is owned jointly, the 10% rule applies separately to each. Free online tax filing Gains and losses. Free online tax filing   If you have casualty or theft gains as well as losses to personal-use property, you must compare your total gains to your total losses. Free online tax filing Do this after you have reduced each loss by any reimbursements and by $100 but before you have reduced the losses by 10% of your adjusted gross income. Free online tax filing Casualty or theft gains do not include gains you choose to postpone. Free online tax filing See Postponement of Gain, later. Free online tax filing Losses more than gains. Free online tax filing   If your losses are more than your recognized gains, subtract your gains from your losses and reduce the result by 10% of your adjusted gross income. Free online tax filing The rest, if any, is your deductible loss from personal-use property. Free online tax filing Example. Free online tax filing Your theft loss after reducing it by reimbursements and by $100 is $2,700. Free online tax filing Your casualty gain is $700. Free online tax filing Your loss is more than your gain, so you must reduce your $2,000 net loss ($2,700 − $700) by 10% of your adjusted gross income. Free online tax filing Gains more than losses. Free online tax filing   If your recognized gains are more than your losses, subtract your losses from your gains. Free online tax filing The difference is treated as a capital gain and must be reported on Schedule D (Form 1040). Free online tax filing The 10% rule does not apply to your gains. Free online tax filing Example. Free online tax filing Your theft loss is $600 after reducing it by reimbursements and by $100. Free online tax filing Your casualty gain is $1,600. Free online tax filing Because your gain is more than your loss, you must report the $1,000 net gain ($1,600 − $600) on Schedule D (Form 1040). Free online tax filing More information. Free online tax filing   For information on how to figure recognized gains, see Figuring a Gain , later. Free online tax filing Figuring the Deduction Generally, you must figure your loss separately for each item stolen, damaged, or destroyed. Free online tax filing However, a special rule applies to real property you own for personal use. Free online tax filing Real property. Free online tax filing   In figuring a loss to real estate you own for personal use, all improvements (such as buildings and ornamental trees and the land containing the improvements) are considered together. Free online tax filing Example 1. Free online tax filing In June, a fire destroyed your lakeside cottage, which cost $144,800 (including $14,500 for the land) several years ago. Free online tax filing (Your land was not damaged. Free online tax filing ) This was your only casualty or theft loss for the year. Free online tax filing The FMV of the property immediately before the fire was $180,000 ($145,000 for the cottage and $35,000 for the land). Free online tax filing The FMV immediately after the fire was $35,000 (value of the land). Free online tax filing You collected $130,000 from the insurance company. Free online tax filing Your adjusted gross income for the year the fire occurred is $80,000. Free online tax filing Your deduction for the casualty loss is $6,700, figured in the following manner. Free online tax filing 1. Free online tax filing Adjusted basis of the entire property (cost in this example) $144,800 2. Free online tax filing FMV of entire property  before fire $180,000 3. Free online tax filing FMV of entire property after fire 35,000 4. Free online tax filing Decrease in FMV of entire property (line 2 − line 3) $145,000 5. Free online tax filing Loss (smaller of line 1 or line 4) $144,800 6. Free online tax filing Subtract insurance 130,000 7. Free online tax filing Loss after reimbursement $14,800 8. Free online tax filing Subtract $100 100 9. Free online tax filing Loss after $100 rule $14,700 10. Free online tax filing Subtract 10% of $80,000 AGI 8,000 11. Free online tax filing Casualty loss deduction $ 6,700 Example 2. Free online tax filing You bought your home a few years ago. Free online tax filing You paid $150,000 ($10,000 for the land and $140,000 for the house). Free online tax filing You also spent an additional $2,000 for landscaping. Free online tax filing This year a fire destroyed your home. Free online tax filing The fire also damaged the shrubbery and trees in your yard. Free online tax filing The fire was your only casualty or theft loss this year. Free online tax filing Competent appraisers valued the property as a whole at $175,000 before the fire, but only $50,000 after the fire. Free online tax filing Shortly after the fire, the insurance company paid you $95,000 for the loss. Free online tax filing Your adjusted gross income for this year is $70,000. Free online tax filing You figure your casualty loss deduction as follows. Free online tax filing 1. Free online tax filing Adjusted basis of the entire property (cost of land, building, and landscaping) $152,000 2. Free online tax filing FMV of entire property  before fire $175,000 3. Free online tax filing FMV of entire property after fire 50,000 4. Free online tax filing Decrease in FMV of entire property (line 2 − line 3) $125,000 5. Free online tax filing Loss (smaller of line 1 or line 4) $125,000 6. Free online tax filing Subtract insurance 95,000 7. Free online tax filing Loss after reimbursement $30,000 8. Free online tax filing Subtract $100 100 9. Free online tax filing Loss after $100 rule $29,900 10. Free online tax filing Subtract 10% of $70,000 AGI 7,000 11. Free online tax filing Casualty loss deduction $ 22,900 Personal property. Free online tax filing   Personal property is any property that is not real property. Free online tax filing If your personal property is stolen or is damaged or destroyed by a casualty, you must figure your loss separately for each item of property. Free online tax filing Then combine these separate losses to figure the total loss. Free online tax filing Reduce the total loss by $100 and 10% of your adjusted gross income to figure the loss deduction. Free online tax filing Example 1. Free online tax filing In August, a storm destroyed your pleasure boat, which cost $18,500. Free online tax filing This was your only casualty or theft loss for the year. Free online tax filing Its FMV immediately before the storm was $17,000. Free online tax filing You had no insurance, but were able to salvage the motor of the boat and sell it for $200. Free online tax filing Your adjusted gross income for the year the casualty occurred is $70,000. Free online tax filing Although the motor was sold separately, it is part of the boat and not a separate item of property. Free online tax filing You figure your casualty loss deduction as follows. Free online tax filing 1. Free online tax filing Adjusted basis (cost in this example) $18,500 2. Free online tax filing FMV before storm $17,000 3. Free online tax filing FMV after storm 200 4. Free online tax filing Decrease in FMV  (line 2 − line 3) $16,800 5. Free online tax filing Loss (smaller of line 1 or line 4) $16,800 6. Free online tax filing Subtract insurance -0- 7. Free online tax filing Loss after reimbursement $16,800 8. Free online tax filing Subtract $100 100 9. Free online tax filing Loss after $100 rule $16,700 10. Free online tax filing Subtract 10% of $70,000 AGI 7,000 11. Free online tax filing Casualty loss deduction $ 9,700 Example 2. Free online tax filing In June, you were involved in an auto accident that totally destroyed your personal car and your antique pocket watch. Free online tax filing You had bought the car for $30,000. Free online tax filing The FMV of the car just before the accident was $17,500. Free online tax filing Its FMV just after the accident was $180 (scrap value). Free online tax filing Your insurance company reimbursed you $16,000. Free online tax filing Your watch was not insured. Free online tax filing You had purchased it for $250. Free online tax filing Its FMV just before the accident was $500. Free online tax filing Your adjusted gross income for the year the accident occurred is $97,000. Free online tax filing Your casualty loss deduction is zero, figured as follows. Free online tax filing     Car Watch 1. Free online tax filing Adjusted basis (cost) $30,000 $250 2. Free online tax filing FMV before accident $17,500 $500 3. Free online tax filing FMV after accident 180 -0- 4. Free online tax filing Decrease in FMV (line 2 − line 3) $17,320 $500 5. Free online tax filing Loss (smaller of line 1 or line 4) $17,320 $250 6. Free online tax filing Subtract insurance 16,000 -0- 7. Free online tax filing Loss after reimbursement $1,320 $250 8. Free online tax filing Total loss $1,570 9. Free online tax filing Subtract $100 100 10. Free online tax filing Loss after $100 rule $1,470 11. Free online tax filing Subtract 10% of $97,000 AGI 9,700 12. Free online tax filing Casualty loss deduction $ -0- Both real and personal properties. Free online tax filing   When a casualty involves both real and personal properties, you must figure the loss separately for each type of property. Free online tax filing However, you apply a single $100 reduction to the total loss. Free online tax filing Then, you apply the 10% rule to figure the casualty loss deduction. Free online tax filing Example. Free online tax filing In July, a hurricane damaged your home, which cost you $164,000 including land. Free online tax filing The FMV of the property (both building and land) immediately before the storm was $170,000 and its FMV immediately after the storm was $100,000. Free online tax filing Your household furnishings were also damaged. Free online tax filing You separately figured the loss on each damaged household item and arrived at a total loss of $600. Free online tax filing You collected $50,000 from the insurance company for the damage to your home, but your household furnishings were not insured. Free online tax filing Your adjusted gross income for the year the hurricane occurred is $65,000. Free online tax filing You figure your casualty loss deduction from the hurricane in the following manner. Free online tax filing 1. Free online tax filing Adjusted basis of real property (cost in this example) $164,000 2. Free online tax filing FMV of real property before hurricane $170,000 3. Free online tax filing FMV of real property after hurricane 100,000 4. Free online tax filing Decrease in FMV of real property (line 2 − line 3) $70,000 5. Free online tax filing Loss on real property (smaller of line 1 or line 4) $70,000 6. Free online tax filing Subtract insurance 50,000 7. Free online tax filing Loss on real property after reimbursement $20,000 8. Free online tax filing Loss on furnishings $600 9. Free online tax filing Subtract insurance -0- 10. Free online tax filing Loss on furnishings after reimbursement $600 11. Free online tax filing Total loss (line 7 plus line 10) $20,600 12. Free online tax filing Subtract $100 100 13. Free online tax filing Loss after $100 rule $20,500 14. Free online tax filing Subtract 10% of $65,000 AGI 6,500 15. Free online tax filing Casualty loss deduction $14,000 Property used partly for business and partly for personal purposes. Free online tax filing   When property is used partly for personal purposes and partly for business or income-producing purposes, the casualty or theft loss deduction must be figured separately for the personal-use portion and for the business or income-producing portion. Free online tax filing You must figure each loss separately because the losses attributed to these two uses are figured in two different ways. Free online tax filing When figuring each loss, allocate the total cost or basis, the FMV before and after the casualty or theft loss, and the insurance or other reimbursement between the business and personal use of the property. Free online tax filing The $100 rule and the 10% rule apply only to the casualty or theft loss on the personal-use portion of the property. Free online tax filing Example. Free online tax filing You own a building that you constructed on leased land. Free online tax filing You use half of the building for your business and you live in the other half. Free online tax filing The cost of the building was $400,000. Free online tax filing You made no further improvements or additions to it. Free online tax filing A flood in March damaged the entire building. Free online tax filing The FMV of the building was $380,000 immediately before the flood and $320,000 afterwards. Free online tax filing Your insurance company reimbursed you $40,000 for the flood damage. Free online tax filing Depreciation on the business part of the building before the flood totaled $24,000. Free online tax filing Your adjusted gross income for the year the flood occurred is $125,000. Free online tax filing You have a deductible business casualty loss of $10,000. Free online tax filing You do not have a deductible personal casualty loss because of the 10% rule. Free online tax filing You figure your loss as follows. Free online tax filing     Business   Personal     Part   Part 1. Free online tax filing Cost (total $400,000) $200,000   $200,000 2. Free online tax filing Subtract depreciation 24,000   -0- 3. Free online tax filing Adjusted basis $176,000   $200,000 4. Free online tax filing FMV before flood (total $380,000) $190,000   $190,000 5. Free online tax filing FMV after flood (total $320,000) 160,000   160,000 6. Free online tax filing Decrease in FMV  (line 4 − line 5) $30,000   $30,000 7. Free online tax filing Loss (smaller of line 3 or line 6) $30,000   $30,000 8. Free online tax filing Subtract insurance 20,000   20,000 9. Free online tax filing Loss after reimbursement $10,000   $10,000 10. Free online tax filing Subtract $100 on personal-use property -0-   100 11. Free online tax filing Loss after $100 rule $10,000   $9,900 12. Free online tax filing Subtract 10% of $125,000 AGI on personal-use property -0-   12,500 13. Free online tax filing Deductible business loss $10,000     14. Free online tax filing Deductible personal loss $-0- Figuring a Gain 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. Free online tax filing Your gain is figured as follows. Free online tax filing The amount you receive (discussed next), minus Your adjusted basis in the property at the time of the casualty or theft. Free online tax filing See Adjusted Basis , earlier, for information on adjusted basis. Free online tax filing 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. Free online tax filing Amount you receive. Free online tax filing   The amount you receive includes any money plus the value of any property you receive minus any expenses you have in obtaining reimbursement. Free online tax filing It also includes any reimbursement used to pay off a mortgage or other lien on the damaged, destroyed, or stolen property. Free online tax filing Example. Free online tax filing A hurricane destroyed your personal residence and the insurance company awarded you $145,000. Free online tax filing You received $140,000 in cash. Free online tax filing The remaining $5,000 was paid directly to the holder of a mortgage on the property. Free online tax filing The amount you received includes the $5,000 reimbursement paid on the mortgage. Free online tax filing Main home destroyed. Free online tax filing   If you have a gain because your main home was destroyed, you generally can exclude the gain from your income as if you had sold or exchanged your home. Free online tax filing You may be able to exclude up to $250,000 of the gain (up to $500,000 if married filing jointly). Free online tax filing To exclude a gain, you generally must have owned and lived in the property as your main home for at least 2 years during the 5-year period ending on the date it was destroyed. Free online tax filing For information on this exclusion, see Publication 523. Free online tax filing 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. Free online tax filing See Postponement of Gain , later. Free online tax filing Reporting a gain. Free online tax filing   You generally must report your gain as income in the year you receive the reimbursement. Free online tax filing However, you do not have to report your gain if you meet certain requirements and choose to postpone reporting the gain according to the rules explained under Postponement of Gain, next. Free online tax filing   For information on how to report a gain, see How To Report Gains and Losses , later. Free online tax filing    If you have a casualty or theft gain on personal-use property that you choose to postpone reporting (as explained next) and you also have another casualty or theft loss on personal-use property, do not consider the gain you are postponing when figuring your casualty or theft loss deduction. Free online tax filing See 10% Rule under Deduction Limits, earlier. Free online tax filing Postponement of 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 or stolen property. Free online tax filing Your basis in the new property is generally the same as your adjusted basis in the property it replaces. Free online tax filing You must ordinarily report the gain on your stolen or destroyed property if you receive money or unlike property as reimbursement. Free online tax filing However, you can choose to postpone reporting the gain if you purchase property that is similar or related in service or use to the stolen or destroyed property within a specified replacement period, discussed later. Free online tax filing You also can choose to postpone reporting the gain if you purchase a controlling interest (at least 80%) in a corporation owning property that is similar or related in service or use to the property. Free online tax filing See Controlling interest in a corporation , later. Free online tax filing If you have a gain on damaged property, you can postpone reporting the gain if you spend the reimbursement to restore the property. Free online tax filing To postpone reporting all the gain, the cost of your replacement property must be at least as much as the reimbursement you receive. Free online tax filing 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. Free online tax filing Example. Free online tax filing In 1970, you bought an oceanfront cottage for your personal use at a cost of $18,000. Free online tax filing You made no further improvements or additions to it. Free online tax filing When a storm destroyed the cottage this January, the cottage was worth $250,000. Free online tax filing You received $146,000 from the insurance company in March. Free online tax filing You had a gain of $128,000 ($146,000 − $18,000). Free online tax filing You spent $144,000 to rebuild the cottage. Free online tax filing Since this is less than the insurance proceeds received, you must include $2,000 ($146,000 − $144,000) in your income. Free online tax filing Buying replacement property from a related person. Free online tax filing   You cannot postpone reporting a gain from a casualty or theft if you buy the replacement property from a related person (discussed later). Free online tax filing This rule applies to the following taxpayers. Free online tax filing C corporations. Free online tax filing Partnerships in which more than 50% of the capital or profits interests is owned by C corporations. Free online tax filing All others (including individuals, partnerships — other than those in (2) — and S corporations) if the total realized gain for the tax year on all destroyed or stolen properties on which there are realized gains is more than $100,000. Free online tax filing For casualties and thefts described in (3) above, gains cannot be offset by any losses when determining whether the total gain is more than $100,000. Free online tax filing If the property is owned by a partnership, the $100,000 limit applies to the partnership and each partner. Free online tax filing If the property is owned by an S corporation, the $100,000 limit applies to the S corporation and each shareholder. Free online tax filing Exception. Free online tax filing   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 destroyed or stolen property. Free online tax filing Related persons. Free online tax filing   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. Free online tax filing For more information on related persons, see Nondeductible Loss under Sales and Exchanges Between Related Persons in chapter 2 of Publication 544. Free online tax filing Death of a taxpayer. Free online tax filing   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. Free online tax filing The executor of the estate or the person succeeding to the funds from the casualty or theft cannot postpone reporting the gain by buying replacement property. Free online tax filing Replacement Property You must buy replacement property for the specific purpose of replacing your destroyed or stolen property. Free online tax filing Property you acquire as a gift or inheritance does not qualify. Free online tax filing You do not have to use the same funds you receive as
Print - Click this link to Print this page

Recent Developments for Tax Forms, Instructions, and Publications

Note to Users of Form 1042 --27-MAR-2014
 

Correction to Instructions for Form 706-NA --07-MAR-2014
 

Retiring Form 5300 (Schedule Q), Elective Determination Requests, and the Instructions -- 28-FEB-2014
 

Correction to 2013 Instructions for Form 1041 and Schedules A, B, G, J, and K-1 -- 20-FEB-2014
 

Clarification for Form 8879, IRS e-file Signature Authorization --13-FEB-2014
 

Update to Fax Numbers for Filing Form 2848 --13-FEB-2014
 

Reminder for Employers: No Federal Income Tax Withholding on Disability Payments for Injuries Incurred as a Direct Result of a Terrorist Attack Directed Against the United States -- 04-FEB-2014
 

The Form 706-D and the Instructions for Form 706-D are Retired. The Information will not be included in another product. -- 03-FEB-2014
 

The Publication 5500 Filing Reminder is Obsolete -- 03-FEB-2014
 

Change: Schedule D-1 (Form 1041) Will No Longer be Revised or Used, Beginning with Tax Year 2013 -- 24-JAN-2014
 

Correction to 2013 Instructions for Schedule H (Form 990) -- 23-JAN-2014
 

Important Information Regarding Additional Medicare Tax -- 23-JAN-2014
 

Personal Exemption Update for Qualified Disability Trusts Subject to Phaseout for 2013 Form 1041-ES, Estimated Income Tax for Estates and Trusts -- 13-JAN-2014
 

Final Release of 2013 Original Issue Discount (OID) Tables -- 10-JAN-2014
 

Corrections to the 2013 Instructions for Form 1116, Foreign Tax Credit (Individual, Estate, or Trust)--10 JAN 2014
 

Correction to 2013 Schedule K-1 (Form 1041), Beneficiary’s Share of Income, Deductions, Credits, etc. -- 8-JAN-2014
 

Corrections to Publication 1212 (Rev. December 2013), Guide to Original Issue Discount (OID) Instruments, Examples 5 and 6 -- 08-JAN-2014
 

Correction to 2013 Instructions for Form 709 United States Gift (and Generation-Skipping Transfer) Tax Return -- 07-JAN-14
 

Correction to 2013 Form 4868, Application for Automatic Extension of Time To File U.S. Individual Income Tax Return -- 07-JAN-2014
 

Update to the Instructions for Form 9465, Installment Agreement Request (Rev. December 2013) -- 06-JAN-2014
 

Correction to 2013 Instructions for Form 709 United States Gift (and Generation-Skipping Transfer) Tax Return -- 31-DEC-2013
 

Correction to 2013 Schedule I (Form 1041), Alternative Minimum Tax - Estates and Trusts -- 22-DEC-2013
 

Update for Filers of Form 8958, Allocation of Tax Amounts Between Certain Individuals in Community Property States -- 16-DEC-2013
 

Update to Publication 555, Community Property -- 13-DEC-2013
 

Correction to Form 709, United States Gift (and Generation-Skipping Transfer) Tax Return -- 03-DEC-2013
 

Corrections to 2013 Instructions for Form 706 United States Estate (and Generation-Skipping Transfer) Tax Return (Nov-12-2013) -- 25-NOV-2013
 

Change to the 2014 Specific Instructions for Form 1099-C, Box 2. Amount of Debt Discharged -- 07-NOV-13


Change to the 2013 Instructions for Form 1099-R for reporting certain distributions from nonqualified plans -- 06-NOV-13
 

Correction to 2013 Instructions for Schedule R (Form 990) -- 06-NOV-13
 

Form 5884-B, New Hire Retention Credit, is identified as a historical form and cannot be used with a current year federal tax return -- 5-NOV-2013
 

Additional Instructions for 2012 Form 8949, Sales and Other Dispositions of Capital Assets -- 27-AUG-2013
 

Update to 2012 Instructions for Form 990-T -- 12-AUG-2013
 

Update to 2012 Instructions for Form 990-EZ -- 12-AUG-2013
 

Changes to the 2013 Form 1096, Box 5 Reporting Instructions for Form 1099-B -- 09-AUG-2013
 

Change to Filing Address for Form SS-8, Determination of Worker Status for Purposes of Federal Employment Taxes and Income Tax Withholding -- 22-MAY-2013
 

Clarification for Form 1024, Application for Recognition of Exemption Under Section 501(a) (Rev. September 1998) -- 02-MAY-2013
 

Page Last Reviewed or Updated: 31-Mar-2014

The Free Online Tax Filing

Free online tax filing Index A Accidentes, Pérdidas deducibles. Free online tax filing , Pérdidas no deducibles. Free online tax filing Agencia Federal para el Manejo de Emergencias (FEMA) , cómo comunicarse con la, Cómo Comunicarse con la Agencia Federal para el Manejo de Emergencias (FEMA) Ajustes a la base, Ajuste a la base de los bienes de una sociedad anónima. Free online tax filing , Ajustes a la Base Aplazamiento de la declaración de una ganancia, Aplazamiento de la Declaración de una Ganancia Bienes de reposición adquiridos antes de presentar la declaración de impuestos, Bienes de reposición adquiridos antes de presentar la declaración de impuestos. Free online tax filing Bienes de reposición adquiridos después de haber presentado la declaración de impuestos, Bienes de reposición adquiridos después de haber presentado la declaración de impuestos. Free online tax filing Cambio de idea, Si cambia de idea. Free online tax filing Declaración enmendada, Declaración enmendada. Free online tax filing Documento escrito requerido, Documento escrito requerido. Free online tax filing Límite de 3 años, Límite de 3 años. Free online tax filing Sustitución de los bienes de reposición, Sustitución de los bienes de reposición. Free online tax filing Asistencia (see Ayuda con los impuestos) Automóviles Accidentes, Pérdidas deducibles. Free online tax filing Valor justo de mercado de, Valor de automóviles. Free online tax filing Ayuda (see Ayuda con los impuestos) Ayuda con los impuestos, Cómo Obtener Ayuda con los Impuestos B Base Ajustada, Base Ajustada Ajustes a, Ajuste a la base de los bienes de una sociedad anónima. Free online tax filing , Ajustes a la Base Propiedad de Reposición, Base de la propiedad de reposición. Free online tax filing Base ajustada, Base Ajustada Bienes de reposición, Bienes de Reposición Ajuste a la base de los bienes de una sociedad anónima, Ajuste a la base de los bienes de una sociedad anónima. Free online tax filing Aplazamiento de la declaración de una ganancia, Bienes de reposición adquiridos antes de presentar la declaración de impuestos. Free online tax filing Pago adelantado, Pago adelantado. Free online tax filing Vivienda principal Ubicada en zona de desastre, Vivienda principal en una zona de desastre. Free online tax filing Bienes de uso personal Cómo declarar pérdidas y ganancias, Bienes de uso personal. Free online tax filing Bienes extraviados o perdidos, Bienes extraviados o perdidos. Free online tax filing Bienes muebles Deducción de pérdidas, cálculo de, Bienes muebles. Free online tax filing Bienes raíces de uso personal, Excepción en el caso de bienes inmuebles de uso personal. Free online tax filing Bienes robados (see Pérdidas por robo) Bienes robados recuperados, Bienes robados recuperados. Free online tax filing C Comentarios sobre la publicación, Comentarios y sugerencias. Free online tax filing Cómo aplazar la declaración de una ganancia, Cómo Aplazar la Declaración de una Ganancia Cómo calcular una ganancia, Propiedad usada en parte para fines comerciales y en parte para fines personales. Free online tax filing Cómo calcular una pérdida, Comprobación de las pérdidas por robo. Free online tax filing Base ajustada, Base Ajustada Pérdidas en zonas de desastre, Cómo calcular la deducción de pérdidas. Free online tax filing Seguro y otros reembolsos, Seguro y Otros Reembolsos Cómo Calcular una Pérdida, Cómo Calcular la Deducción Cómo declarar pérdidas y ganancias, Declaración de una ganancia. Free online tax filing , Cómo Declarar Pérdidas y Ganancias Adquiridos antes o después de presentar la declaración de impuestos, Cuándo Declarar Pérdidas y Ganancias Base, ajustes a la, Ajustes a la Base Bienes de uso personal, Bienes de uso personal. Free online tax filing Deducciones mayores al ingreso, Si las Deducciones son Mayores que el Ingreso Depósitos monetarios, Cómo se declaran las pérdidas de depósitos monetarios. Free online tax filing Tabla 1, Tabla 1. Free online tax filing Cómo Declarar la Pérdida de Depósitos Monetarios Pérdidas en zonas de desastre, Cómo declarar la pérdida en el Formulario 1040X. Free online tax filing Propiedad comercial y de generación de ingresos, Bienes comerciales y de generación de ingresos. Free online tax filing Comprobación de las Pérdidas, Comprobación de las Pérdidas Contribuyentes casados Límites de la deducción, Contribuyentes casados. Free online tax filing , Contribuyentes casados. Free online tax filing Costos Fotografías tomadas después de la pérdida, Costos de fotografías y tasaciones. Free online tax filing Gastos imprevistos, Gastos afines. Free online tax filing Jardines, Jardines. Free online tax filing Limpieza, Costos de limpieza y reparaciones. Free online tax filing Protección, Costos de protección. Free online tax filing Reparaciones, Costos de limpieza y reparaciones. Free online tax filing Reposición, Costos de reposición. Free online tax filing Tasaciones, Costos de fotografías y tasaciones. Free online tax filing Costos de limpieza, Costos de limpieza y reparaciones. Free online tax filing Costos de protección, Costos de protección. Free online tax filing Costos de reparación, Costos de limpieza y reparaciones. Free online tax filing Costos de reposición, Costos de reposición. Free online tax filing D Declaración enmendada, Declaración enmendada. Free online tax filing Defensor del Contribuyente, El Servicio del Defensor del Contribuyente está aquí para ayudarlo a usted. Free online tax filing Desastres declarados por el gobierno federal, Propiedad comercial o de generación de ingresos ubicada en una zona de desastre declarada por el gobierno federal. Free online tax filing , Pérdidas en Zonas de Desastre Deudas incobrables, Deudas incobrables no relacionadas con los negocios. Free online tax filing Deudas incobrables no relacionadas con los negocios, Deudas incobrables no relacionadas con los negocios. Free online tax filing Documentación de la pérdida, Comprobación de las pérdidas por robo. Free online tax filing Donaciones en efectivo, Donaciones en efectivo. Free online tax filing E Entidad afín, compra de bienes de reposición de una, Compra de bienes de reposición de una entidad afín. Free online tax filing Esquemas de inversión de tipo Ponzi , Pérdidas provenientes de esquemas de inversión de tipo Ponzi (Ponzi-type schemes). Free online tax filing Expropiaciones forzosas, Expropiaciones forzosas. Free online tax filing F Fallecimiento de un contribuyente Aplazamiento de la declaración de una ganancia, Fallecimiento de un contribuyente. Free online tax filing Fines comerciales, propiedad usada en parte para, Propiedad usada en parte para fines comerciales y en parte para fines personales. Free online tax filing Fondo de emergencia del empleador en caso de desastre, Fondo de emergencia del empleador en caso de desastre. Free online tax filing Formulario 1040, Anexo A, Bienes de uso personal. Free online tax filing Formulario 1040, Anexo D, Bienes de uso personal. Free online tax filing Formulario 1040X Pérdidas en zonas de desastre, Cómo declarar la pérdida en el Formulario 1040X. Free online tax filing Formulario 4684 Cómo declarar pérdidas y ganancias en bienes de uso personal, Bienes de uso personal. Free online tax filing Fotografías Documentación de la pérdida, Costos de fotografías y tasaciones. Free online tax filing G Ganancias Aplazamiento de, Aplazamiento de la Declaración de una Ganancia, Cómo Aplazar la Declaración de una Ganancia Cómo calcular, Cómo Calcular una Ganancia Cómo declarar, Cómo Comunicarse con la Agencia Federal para el Manejo de Emergencias (FEMA) Cuándo declarar, Si cambia de idea. Free online tax filing Reembolsos, Ganancias por reembolsos. Free online tax filing Gastos afines, Gastos afines. Free online tax filing Gastos imprevistos, Gastos afines. Free online tax filing I Información adicional (see Ayuda con los impuestos) J Jardines, Jardines. Free online tax filing L Límites de la deducción, Límites de la Deducción Límites de la Deducción Regla de los $100, Regla de los $100 Regla del 10%, Regla del 10% Regla del 2%, Regla del 2% N Niños desaparecidos, fotografías de, Recordatorios P Pagos calificados para mitigación de desastres, Pagos calificados para mitigación de desastres. Free online tax filing Pagos del seguro por gastos de manutención, Pagos del seguro por gastos de manutención. Free online tax filing Paneles de Yeso (Drywall) Corrosivos, Procedimiento Especial Correspondiente a Daños Ocasionados por Paneles de Yeso (Drywall) Corrosivos Pérdida de inventario, Pérdida de inventario. Free online tax filing Pérdidas en zonas de desastre, Pérdida de inventario por desastre. Free online tax filing Pérdida de madera en pie, Pérdida de madera en pie. Free online tax filing Pérdidas Calcular la cantidad (see Cómo calcular una pérdida) Cómo declarar, Cómo Comunicarse con la Agencia Federal para el Manejo de Emergencias (FEMA) Comprobación de las, Recuperación de pérdida deducida. Free online tax filing Cuándo declarar, Si cambia de idea. Free online tax filing (Tabla 3), Tabla 3. Free online tax filing Cuándo deducir una pérdida por hecho fortuito o robo Depósitos monetarios (see Pérdidas de depósitos) Documentación de, Comprobación de las pérdidas por robo. Free online tax filing Hecho Fortuito (see Pérdidas por hecho fortuito) Robo (see Pérdidas por robo) Zonas de desastre (see Pérdidas en zonas de desastre) Pérdidas de Depósitos Declaración de (Tabla 1), Tabla 1. Free online tax filing Cómo Declarar la Pérdida de Depósitos Monetarios Pérdidas de depósitos monetarios, Bienes extraviados o perdidos. Free online tax filing , Tabla 3. Free online tax filing Cuándo deducir una pérdida por hecho fortuito o robo Cuándo declarar, Pérdidas de depósitos monetarios. Free online tax filing Pérdidas deducibles, Pérdidas deducibles. Free online tax filing Pérdidas en Zonas de Desastre Cómo calcular la deducción de pérdidas, Cómo calcular la deducción de pérdidas. Free online tax filing Cómo deducir la pérdida del año anterior, Cómo deducir la pérdida del año anterior. Free online tax filing Cuándo deducir, Cuándo deducir la pérdida. Free online tax filing Tabla 3, Tabla 3. Free online tax filing Cuándo deducir una pérdida por hecho fortuito o robo Declaración en una declaración enmendada, Declaración de pérdida por desastre en declaración de impuestos enmendada. Free online tax filing Desastre declarado por el gobierno federal, Propiedad comercial o de generación de ingresos ubicada en una zona de desastre declarada por el gobierno federal. Free online tax filing , Pérdidas en Zonas de Desastre Documentación, Documentación. Free online tax filing Formulario 1040X, Cómo declarar la pérdida en el Formulario 1040X. Free online tax filing Inventario, Pérdida de inventario por desastre. Free online tax filing Pagos calificados de asistencia en caso de desastre, Pagos calificados de asistencia en caso de desastre. Free online tax filing Pagos calificados para mitigación de desastres, Pagos calificados para mitigación de desastres. Free online tax filing Plazos Tributarios Aplazados, Zona de desastre con cobertura. Free online tax filing Préstamo federal cancelado, Préstamo federal cancelado. Free online tax filing Reglas para vivienda principal, Vivienda principal en zona de desastre. Free online tax filing , Ganancias. Free online tax filing Vivienda inhabitable, Vivienda inhabitable por desastre. Free online tax filing Pérdidas en zonas de desastre, Pérdida del inquilino. Free online tax filing Pérdidas no deducibles, Pérdidas no deducibles. Free online tax filing Pérdidas por hecho fortuito, Tabla 3. Free online tax filing Cuándo deducir una pérdida por hecho fortuito o robo Comprobación de las, Comprobación de las pérdidas por hecho fortuito. Free online tax filing Cuándo declarar, Pérdidas. Free online tax filing Definición, Hecho Fortuito Depósitos monetarios, pérdidas de, Pérdida ordinaria o por hechos fortuitos. Free online tax filing Deterioro progresivo, Deterioro progresivo. Free online tax filing Pérdidas deducibles, Pérdidas deducibles. Free online tax filing Pérdidas no deducibles, Pérdidas no deducibles. Free online tax filing Registros para el cálculo de, Registros para el cálculo de pérdidas por hecho fortuito y robo. Free online tax filing Pérdidas por robo, Robo Bienes extraviados o perdidos, Bienes extraviados o perdidos. Free online tax filing Comprobación de las, Comprobación de las pérdidas por robo. Free online tax filing Cuándo declarar, Pérdidas. Free online tax filing Cuándo Deducir una Pérdida por Hecho Fortuito (Tabla 3), Tabla 3. Free online tax filing Cuándo deducir una pérdida por hecho fortuito o robo Esquemas de inversión de tipo Ponzi , Pérdidas provenientes de esquemas de inversión de tipo Ponzi (Ponzi-type schemes). Free online tax filing Registros para el cálculo de, Registros para el cálculo de pérdidas por hecho fortuito y robo. Free online tax filing Valor justo de mercado de los bienes robados, Valor justo de mercado de los bienes robados. Free online tax filing Plazo de reposición, Plazo de Reposición Prórroga de, Prórroga. Free online tax filing Plazos Plazos Tributarios Aplazados, Plazos Tributarios Aplazados Plazos Tributarios Aplazados, Plazos Tributarios Aplazados Propiedad alquilada, Propiedad alquilada. Free online tax filing Cuándo declarar, Pérdida del inquilino. Free online tax filing Propiedad comercial o de generación de ingresos, Propiedad comercial o de generación de ingresos. Free online tax filing Propiedad de reposición Base de, Base de la propiedad de reposición. Free online tax filing Vivienda principal, Vivienda principal repuesta. Free online tax filing Publicaciones (see Ayuda con los impuestos) R Reducción de intereses, Reducción de intereses y multas. Free online tax filing Reducción de intereses y multas, Reducción de intereses y multas. Free online tax filing Reducción de multas, Reducción de intereses y multas. Free online tax filing Reembolsos Asistencia en caso de desastre, Asistencia en caso de desastre. Free online tax filing Donaciones en efectivo, Donaciones en efectivo. Free online tax filing Falta de presentación de una solicitud, Falta de presentación de una solicitud de reembolso. Free online tax filing Fondo de emergencia del empleador en caso de desastre, Fondo de emergencia del empleador en caso de desastre. Free online tax filing Recibido después de la deducción de una pérdida, Reembolso Recibido Después de la Deducción de una Pérdida Tipos de, Tipos de Reembolsos Registros para el cálculo de pérdidas por hecho fortuito y robo, Registros para el cálculo de pérdidas por hecho fortuito y robo. Free online tax filing S Seguros, Seguro y Otros Reembolsos Gastos de manutención, pagos del seguro por, Pagos del seguro por gastos de manutención. Free online tax filing Servicio del Defensor del Contribuyente, El Servicio del Defensor del Contribuyente está aquí para ayudarlo a usted. Free online tax filing Servicios gratuitos para los impuestos, Cómo Obtener Ayuda con los Impuestos Subsidios de asistencia en caso de desastre, Asistencia en caso de desastre. Free online tax filing Subsidios estales de asistencia por desastres para empresas, Subsidios estatales de asistencia por desastre para empresas. Free online tax filing Subsidios federales de asistencia en caso de desastre, Subsidios federales de asistencia en caso de desastre. Free online tax filing Sugerencias para la publicación, Comentarios y sugerencias. Free online tax filing T Tablas y figuras Cómo Declarar la Pérdida de Depósitos Monetarios (Tabla 1), Tabla 1. Free online tax filing Cómo Declarar la Pérdida de Depósitos Monetarios Cuándo Deducir una Pérdida por Hecho Fortuito (Tabla 3), Tabla 1. Free online tax filing Cómo Declarar la Pérdida de Depósitos Monetarios , Tabla 3. Free online tax filing Cuándo deducir una pérdida por hecho fortuito o robo Tasaciones, Tasaciones. Free online tax filing , Costos de fotografías y tasaciones. Free online tax filing V Valor justo de mercado Cálculo de la disminución de, Disminución del Valor Justo de Mercado Puntos a no tener en cuenta, Cómo Calcular la Disminución del Valor Justo de Mercado —Puntos a No Tener en Cuenta Puntos a tener en cuenta, Cómo Calcular la Disminución del Valor Justo de Mercado —Puntos a Tener en Cuenta Disminución del valor de mercado de la propiedad en la zona del hecho fortuito o en sus alrededores, Disminución del valor de mercado de la propiedad en la zona del hecho fortuito o en sus alrededores. Free online tax filing Valor sentimental, Valor sentimental. Free online tax filing Prev  Up     Home   More Online Publications