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Free Tax Act

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Free Tax Act

Free tax act Index A Adjusted basis for installment sale, Adjusted basis for installment sale purposes. Free tax act Assistance (see Tax help) B Basis Adjusted, Adjusted basis. Free tax act Assumed mortgage, Buyer Assumes Mortgage Installment obligation, Basis. Free tax act , Basis in installment obligation. Free tax act , Basis in installment obligation. Free tax act Installment sale, Adjusted basis for installment sale purposes. Free tax act Repossessed property, Basis in repossessed property. Free tax act , Basis. Free tax act Bond, Bond. Free tax act Buyer's note, Buyer's note. Free tax act C Contingent payment sale, Contingent Payment Sale Contract price, Contract price. Free tax act D Dealer sales, special rule, Dealer sales. Free tax act Depreciation recapture income, Depreciation Recapture Income Disposition of installment obligation, Disposition of an Installment Obligation E Electing out, Electing Out of the Installment Method Escrow account, Escrow Account F Fair market value, Fair market value (FMV). Free tax act , Fair market value (FMV). Free tax act Figuring installment sale income, Figuring Installment Sale Income Form 4797, Form 4797, Form 4797. Free tax act 6252, Form 6252, Reporting an Installment Sale 8594, Reporting requirement. Free tax act Schedule D (Form 1040), Schedule D (Form 1040), Other forms. Free tax act , Schedule D (Form 1040). Free tax act Free tax services, Free help with your tax return. Free tax act G Gross profit percentage, Gross profit percentage. Free tax act Gross profit, defined, Gross profit. Free tax act Guarantee, Debt not payable on demand. Free tax act H Help (see Tax help) I Installment obligation Defined, Installment obligation. Free tax act Disposition, Disposition of an Installment Obligation Used as security, Installment Obligation Used as Security (Pledge Rule) Installment Sale, What Is an Installment Sale? Interest Escrow account, Escrow Account Income, Interest Income Reporting, Seller-financed mortgage. Free tax act Unstated, Installment income after 2013. Free tax act Interest on deferred tax, Interest on Deferred Tax Exceptions, Exceptions. Free tax act L Like-kind exchange, Like-Kind Exchange N Note Buyer's, Buyer's note. Free tax act Third-party, Third-party note. Free tax act O Original issue discount, Installment income after 2013. Free tax act P Payments considered received, Payments Received or Considered Received Buyer assumes debts, Buyer Assumes Other Debts Buyer pays seller's expenses, Buyer Pays Seller's Expenses Mortgage assumed, Buyer Assumes Mortgage Pledge rule, Installment Obligation Used as Security (Pledge Rule) Payments received, Payments Received or Considered Received Pledge rule, Installment Obligation Used as Security (Pledge Rule) Publications (see Tax help) R Related person Land sale, Land transfers between related persons. Free tax act Reporting sale to, Related person. Free tax act Sale to, Sale to a Related Person Reporting installment sale, Reporting Installment Sale Income, Reporting an Installment Sale Repossession, Repossession Holding period for resale, Holding period for resales. Free tax act Personal property, Personal Property Real property, Real Property S Sale at a loss, Sale at a loss. Free tax act Sale of Business, Sale of a Business Home, Sale of Your Home Land between related persons, Land transfers between related persons. Free tax act Partnership interest, Sale of Partnership Interest Several assets, Single Sale of Several Assets, Several assets. Free tax act Stock or securities, Stock or securities. Free tax act Sales by dealers, Dealer sales. Free tax act Section 1274, Section 1274 Exceptions, Exceptions to Sections 1274 and 483 Section 483, Section 483 Exceptions, Exceptions to Sections 1274 and 483 Selling expenses, Selling expenses. Free tax act Selling price Defined, Selling price. Free tax act Reduced, Selling Price Reduced Single sale of several assets, Single Sale of Several Assets, Several assets. Free tax act T Tax help, How To Get Tax Help Third-party note, Third-party note. Free tax act TTY/TDD information, How To Get Tax Help U Unstated interest, Installment income after 2013. Free tax act Prev  Up     Home   More Online Publications
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Is My Residential Rental Income Taxable and/or Are My Expenses Deductible?

Note: This application does not address the rental income and expense of timeshares.

Information You Will Need:

  • Type of rental payment(s) received
  • Type of rental expense(s) paid
  • The number of days rented and the number of personal use days, if any

Estimated Completion Time:  15 minutes.  However: 5 minutes of inactivity will end the interview and you will be forced to start over.

Begin

Page Last Reviewed or Updated: 14-Feb-2014

The Free Tax Act

Free tax act Index A Absence, temporary, Temporary absences. Free tax act Address, change of, Reminders Aliens (see Nonresident aliens) Alimony, Alimony. Free tax act , Alimony, Instruments Executed Before 1985 Community income, Alimony (Community Income) Fees paid for getting, Fees for getting alimony. Free tax act No exemption for spouse, Alimony paid. Free tax act Annual exclusion, gift tax, Annual exclusion. Free tax act Annulment decrees Absolute decree, Ending the Marital Community Amended return required, Unmarried persons. Free tax act Considered unmarried, Unmarried persons. Free tax act Archer MSA, Archer medical savings account (MSA). Free tax act Assistance (see Tax help) B Basis Property received in settlement, Basis of property received. Free tax act Benefits paid under QDROs, Benefits paid to a child or other dependent. Free tax act , Benefits paid to a spouse or former spouse. Free tax act Birth of dependent, Death or birth. Free tax act C Change of address, Reminders Change of name, Reminders Change of withholding, Reminders Child custody, Custodial parent and noncustodial parent. Free tax act Child support Alimony, difference from, Child support. Free tax act Clearly associated with contingency, Clearly associated with a contingency. Free tax act Contingency relating to child, Contingency relating to your child. Free tax act Payment specifically designated as, Specifically designated as child support. Free tax act Child support under pre-1985 agreement, Child support under pre-1985 agreement. Free tax act Child tax credit, Exemptions for Dependents Children Birth of child Head of household, qualifying person to file as, Death or birth. Free tax act Claiming parent, when child is head of household, Special rule for parent. Free tax act Custody of, Custodial parent and noncustodial parent. Free tax act Death of child Head of household, qualifying person to file as, Death or birth. Free tax act Photographs of missing children, Reminders Community income, Community Income, Alimony (Community Income) Community property, Community Property, Alimony (Community Income) (see also Community income) Ending the marital community, Ending the Marital Community Laws disregarded, Certain community income not treated as community income by one spouse. Free tax act States, Community property states. Free tax act Costs of getting divorce, Costs of Getting a Divorce Fees for tax advice, Fees for tax advice. Free tax act Nondeductible expenses, Nondeductible expenses. Free tax act Custody of child, Custodial parent and noncustodial parent. Free tax act D Death of dependent, Death or birth. Free tax act Death of recipient spouse. Free tax act , Alimony Requirements Debts of spouse Refund applied to, Tax refund applied to spouse's debts. Free tax act Deductions Alimony paid, Deducting alimony paid. Free tax act Alimony recapture, Deducting the recapture. Free tax act Limits on IRAs, IRA contribution and deduction limits. Free tax act Marital, Marital deduction. Free tax act Dependents Exemption for, Exemptions for Dependents, Special Rule for Qualifying Child of More Than One Person Qualifying child, Exemptions for Dependents Qualifying child (Table 3), Table 3. Free tax act Overview of the Rules for Claiming an Exemption for a Dependent Qualifying relative, Exemptions for Dependents Qualifying relative (Table 3), Table 3. Free tax act Overview of the Rules for Claiming an Exemption for a Dependent Social security numbers, Reminders Divorce decrees Absolute decree, Ending the Marital Community Amended, Amended instrument. Free tax act Costs of getting, Costs of Getting a Divorce Defined for purposes of alimony, Divorce or separation instrument. Free tax act Invalid, Invalid decree. Free tax act Unmarried persons, Unmarried persons. Free tax act Divorced parents, Children of Divorced or Separated Parents (or Parents Who Live Apart) Child custody, Custodial parent and noncustodial parent. Free tax act Domestic relations orders (see Qualified domestic relations orders (QDROs)) Domicile, Community Income E Earned income, Earned income. Free tax act Equitable relief (see Relief from joint liability) Estimated tax, Tax Withholding and Estimated Tax Joint payments, Joint estimated tax payments. Free tax act Exemptions, Exemptions, Special Rule for Qualifying Child of More Than One Person Dependents, Exemptions for Dependents, Special Rule for Qualifying Child of More Than One Person Personal, Personal Exemptions Spouse, Exemption for Your Spouse F Fees for tax advice, Fees for tax advice. Free tax act Filing status, Filing Status, More information. Free tax act Head of household, Requirements. Free tax act Form 1040 Deducting alimony paid, Deducting alimony paid. Free tax act Reporting alimony received, Reporting alimony received. Free tax act Form 1040X Annulment, decree of, Unmarried persons. Free tax act Form 8332 Release of exemption to noncustodial parent, Written declaration. Free tax act Form 8379 Injured spouse, Injured spouse. Free tax act Form 8857 Innocent spouse relief, Relief from joint liability. Free tax act Form W-4 Withholding, Tax Withholding and Estimated Tax Form W-7 Individual taxpayer identification number (ITIN), Reminders Former spouse Defined for purposes of alimony, Spouse or former spouse. Free tax act Free tax services, How To Get Tax Help G Gift tax, Gift Tax on Property Settlements, Annual exclusion. Free tax act , Gift Tax Return H Head of household, Head of Household Health savings accounts (HSAs), Health savings account (HSA). Free tax act Help (see Tax help) Home owned jointly Alimony payments for, Payments for jointly-owned home. Free tax act Expenses for, as alimony (Table 4), Table 4. Free tax act Expenses for a Jointly-Owned Home Sale of, Sale of home. Free tax act HSAs (Health savings accounts), Health savings account (HSA). Free tax act I Identification number, Reminders Income, Community Income (see also Community income) Alimony received, Reporting alimony received. Free tax act Individual retirement arrangements (IRAs), Individual Retirement Arrangements, IRA contribution and deduction limits. Free tax act Individual taxpayer identification numbers (ITINs), Reminders Injured spouse, Injured spouse. Free tax act Innocent spouse relief, Relief from joint liability. Free tax act Insurance premiums, Life insurance premiums. Free tax act Invalid decree, Invalid decree. Free tax act IRAs (Individual retirement arrangements), Individual Retirement Arrangements, IRA contribution and deduction limits. Free tax act Itemized deductions on separate returns, Itemized deductions. Free tax act ITINs (Individual taxpayer identification numbers), Reminders J Joint liability Relief from, Reminders, Relief from joint liability. Free tax act Joint returns, Married Filing Jointly Change from separate return, Joint return after separate returns. Free tax act Change to separate return, Separate returns after joint return. Free tax act Divorced taxpayers, Divorced taxpayers. Free tax act Exemption for spouse, Joint return. Free tax act Joint and individual liability, Joint and individual liability. Free tax act Relief from joint liability, Relief from joint liability. Free tax act Signing, Signing a joint return. Free tax act Jointly-owned home Alimony payments for, Payments for jointly-owned home. Free tax act Expenses for, as alimony (Table 4), Table 4. Free tax act Expenses for a Jointly-Owned Home Sale of, Sale of Jointly-Owned Property, Sale of home. Free tax act K Kidnapped child Head of household status and, Kidnapped child. Free tax act L Liability for taxes (see Relief from joint liability) Life insurance premiums as alimony, Life insurance premiums. Free tax act M Marital community, ending, Ending the Marital Community Marital status, Marital status. Free tax act Married persons, Married persons. Free tax act Medical savings accounts (MSAs), Archer medical savings account (MSA). Free tax act Missing children, photographs of, Reminders More information (see Tax help) Mortgage payments as alimony, Payments for jointly-owned home. Free tax act MSAs (Medical savings accounts), Archer medical savings account (MSA). Free tax act N Name, change of, Reminders Nondeductible expenses, Nondeductible expenses. Free tax act Nonresident aliens Joint returns, Nonresident alien. Free tax act Withholding, Withholding on nonresident aliens. Free tax act P Parent Head of household, claim for, Special rule for parent. Free tax act Parents, divorced or separated, Children of Divorced or Separated Parents (or Parents Who Live Apart) Personal exemptions, Personal Exemptions Phaseout of Exemptions, Phaseout of Exemptions Property settlements, Property Settlements, Sale of home. Free tax act Publications (see Tax help) Q Qualified domestic relations orders (QDROs), Qualified Domestic Relations Order, Benefits paid to a child or other dependent. Free tax act , Benefits paid to a spouse or former spouse. Free tax act Qualifying child, exemption for, Exemptions for Dependents Qualifying child, exemption for (Table 3), Table 3. Free tax act Overview of the Rules for Claiming an Exemption for a Dependent Qualifying person, head of household, Qualifying person. Free tax act Table 2, Table 2. Free tax act Who Is a Qualifying Person Qualifying You To File as Head of Household?1 Qualifying relative, exemption for, Exemptions for Dependents Qualifying relative, exemption for (Table 3), Table 3. Free tax act Overview of the Rules for Claiming an Exemption for a Dependent R Recapture of alimony, Recapture of Alimony Refunds Injured spouse, community property, Injured spouse. Free tax act Spouse's debts, applied to, Tax refund applied to spouse's debts. Free tax act Release of exemption to noncustodial parent, Written declaration. Free tax act Revocation, Revocation of release of claim to an exemption. Free tax act Relief from joint liability, Reminders, Relief from joint liability. Free tax act Relief from separate return liability Community income, Relief from liability arising from community property law. Free tax act Reporting requirements Alimony received, Reporting alimony received. Free tax act Returns Amended return required, Unmarried persons. Free tax act Joint (see Joint returns) Separate (see Separate returns) Rollovers, Rollovers. Free tax act S Sales of jointly-owned property, Sale of Jointly-Owned Property Section 1041 election, Basis of property received. Free tax act Separate maintenance decrees, Unmarried persons. Free tax act , Divorce or separation instrument. Free tax act , Ending the Marital Community Separate returns, Married Filing Separately Change to or from joint return, Joint return after separate returns. Free tax act Community or separate income, Community or separate income. Free tax act Exemption for spouse, Separate return. Free tax act Itemized deductions, Itemized deductions. Free tax act Relief from liability, Relief from liability arising from community property law. Free tax act Separate liability, Separate liability. Free tax act Tax consequences, Separate returns may give you a higher tax. Free tax act Separated parents, Children of Divorced or Separated Parents (or Parents Who Live Apart) Separation agreements, Ending the Marital Community Defined for purposes of alimony, Divorce or separation instrument. Free tax act Separation of liability (see Relief from joint liability) Settlement of property (see Property settlements) Social security benefits, Social security benefits. Free tax act Social security numbers (SSNs) Alimony recipient's number required, Alimony Dependents, Reminders Spousal IRA, Spousal IRA. Free tax act Spouse Defined for purposes of alimony, Spouse or former spouse. Free tax act Refund applied to debts, Tax refund applied to spouse's debts. Free tax act Statute of limitations Amended return, Unmarried persons. Free tax act Injured spouse allocation, Injured spouse. Free tax act T Tables and figures Exemption for dependents (Table 3), Table 3. Free tax act Overview of the Rules for Claiming an Exemption for a Dependent Itemized deductions on separate returns (Table 1), Table 1. Free tax act Itemized Deductions on Separate Returns Jointly-owned home, expenses for, as alimony (Table 4), Table 4. Free tax act Expenses for a Jointly-Owned Home Property transferred pursuant to divorce (Table 5), Table 5. Free tax act Property Transferred Pursuant to Divorce Qualifying person for head of household (Table 2), Table 2. Free tax act Who Is a Qualifying Person Qualifying You To File as Head of Household?1 Tax advice fees, Fees for tax advice. Free tax act Tax help, How To Get Tax Help Tax withholding (see Withholding) Taxpayer Advocate, The Taxpayer Advocate Service is Here to Help You. Free tax act Taxpayer identification numbers, Reminders Third parties Alimony payments to, Payments to a third party. Free tax act , Payments to a third party. Free tax act Property settlements, transfers to, Transfers to third parties. Free tax act Tiebreaker rules, Tiebreaker rules. Free tax act TTY/TDD information, How To Get Tax Help U Underpayment of alimony, Underpayment. Free tax act Unmarried persons, Unmarried persons. Free tax act W Withholding Change of, Reminders, Tax Withholding and Estimated Tax Nonresident aliens, Withholding on nonresident aliens. Free tax act Worksheets Recapture of alimony (Worksheet 1), How to figure and report the recapture. Free tax act Prev  Up     Home   More Online Publications