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How Can I File 2010 Taxes

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How Can I File 2010 Taxes

How can i file 2010 taxes 8. How can i file 2010 taxes   Dividendos y Otras Distribuciones Table of Contents Recordatorio Introduction Useful Items - You may want to see: Información GeneralDividendos no declarados en el Formulario 1099-DIV. How can i file 2010 taxes Cómo se le informa del impuesto retenido. How can i file 2010 taxes Nominatarios. How can i file 2010 taxes Dividendos OrdinariosDividendos Calificados Dividendos Utilizados para la Compra de más Acciones Fondos de Inversión del Mercado Monetario Distribuciones de Ganancias de CapitalAjuste a la base. How can i file 2010 taxes Distribuciones que no son DividendosDistribuciones de Liquidación Distribuciones de Acciones y Derechos a Acciones Otras DistribucionesRequisito de declarar ciertos datos. How can i file 2010 taxes Tratamiento del impuesto mínimo alternativo. How can i file 2010 taxes Cómo Declarar el Ingreso de DividendosDeducción de los intereses de inversiones. How can i file 2010 taxes Recordatorio Ingresos de fuentes en el extranjero. How can i file 2010 taxes  Si es ciudadano de los Estados Unidos con ingresos por concepto de dividendos de fuentes fuera de los Estados Unidos (ingresos del extranjero), tiene que declarar todos estos ingresos en la declaración de impuestos a menos que sean ingresos exentos por las leyes de los EE. How can i file 2010 taxes UU. How can i file 2010 taxes Esto es cierto independientemente de si reside dentro o fuera de los EE. How can i file 2010 taxes UU. How can i file 2010 taxes y si recibe o no el Formulario 1099 de un pagador extranjero. How can i file 2010 taxes Introduction Este capítulo explica el trato tributario que se le da a: Dividendos ordinarios, Distribuciones de ganancias de capital, Distribuciones que no sean dividendos y Otras distribuciones que pueda recibir de una sociedad anónima o de un fondo mutuo. How can i file 2010 taxes Este capítulo también explica cómo se declara el ingreso de dividendos en su declaración de impuestos. How can i file 2010 taxes Los dividendos son distribuciones de dinero, acciones u otras clases de bienes que le paga a usted una sociedad anónima o fondo mutuo. How can i file 2010 taxes Puede recibir también dividendos a través de una sociedad colectiva, un caudal hereditario, un fideicomiso o una asociación a la que se le gravan impuestos como a una sociedad anónima. How can i file 2010 taxes Sin embargo, algunas cantidades recibidas por usted y denominadas dividendos, son de hecho ingresos de intereses. How can i file 2010 taxes Vea Dividendos que en realidad son intereses , bajo Intereses Sujetos a Impuestos, en el capítulo 7. How can i file 2010 taxes La mayoría de las distribuciones se pagan en efectivo (o con cheque). How can i file 2010 taxes No obstante, las distribuciones pueden consistir en más acciones, derechos de suscripción de acciones u otros bienes o servicios adicionales. How can i file 2010 taxes Useful Items - You may want to see: Publicación 514 Foreign Tax Credit for Individuals (Crédito por impuestos del extranjero para personas físicas), en inglés 550 Investment Income and Expenses (Ingresos y gastos de inversiones), en inglés Formulario (e Instrucciones) Anexo B (Formulario 1040A o 1040) Interest and Ordinary Dividends (Intereses y dividendos ordinarios), en inglés Información General Esta sección explica las reglas generales sobre ingresos de dividendos. How can i file 2010 taxes Impuesto sobre ingresos no derivados del trabajo de determinados hijos. How can i file 2010 taxes   El impuesto sobre una parte del ingreso no derivado del trabajo recibido por un hijo en 2013 puede ser tributado a la tasa impositiva correspondiente de los padres. How can i file 2010 taxes Si es así, tiene que completar el Formulario 8615, Tax for Certain Children Who Have Unearned Income (Impuestos para determinados hijos que tienen ingresos no derivados del trabajo), en inglés, y adjuntarlo a la declaración de impuestos del hijo. How can i file 2010 taxes Si no es así, no se requiere el Formulario 8615 y los ingresos del menor están sujetos a la tasa impositiva que le corresponde. How can i file 2010 taxes       Algunos padres o madres pueden optar por incluir los intereses y dividendos del hijo en la declaración de impuestos del padre o la madre si se cumplen ciertos requisitos. How can i file 2010 taxes Si puede, utilice el Formulario 8814, Parents' Election To Report Child's Interest and Dividends (Elección del padre o de la madre de declarar los intereses y dividendos de un hijo), en inglés, para este propósito. How can i file 2010 taxes   Si desea obtener más información sobre el impuesto sobre los ingresos no derivados del trabajo de un hijo y la elección de los padres, vea el capítulo 31. How can i file 2010 taxes Beneficiario de un caudal hereditario o fideicomiso. How can i file 2010 taxes    Los dividendos y otras distribuciones que reciba como beneficiario de un caudal hereditario o de un fideicomiso por lo general se consideran ingresos tributables. How can i file 2010 taxes El fiduciario debería enviarle un Anexo K-1 (Formulario 1041), Beneficiary's Share of Income, Deductions, Credits, etc. How can i file 2010 taxes (Parte del ingreso, deducciones, créditos, etc. How can i file 2010 taxes , de un beneficiario), en inglés. How can i file 2010 taxes Su copia del Anexo K-1 (Formulario 1041) e instrucciones le indicarán dónde debe declarar los ingresos en el Formulario 1040. How can i file 2010 taxes Número de Seguro Social (SSN, por sus siglas en inglés) o número de identificación de contribuyente individual (ITIN por sus siglas en inglés). How can i file 2010 taxes    Tiene que darle su nombre y número de Seguro Social (o su número de identificación de contribuyente individual (ITIN, por sus siglas en inglés)) a toda persona que esté obligada por la ley federal de impuestos a expedir una declaración, un informe u otro documento relacionado con usted. How can i file 2010 taxes Esto incluye las entidades que pagan dividendos. How can i file 2010 taxes Es posible que tenga que pagar una multa si no le proporciona su número de Seguro Social o su número de identificación de contribuyente individual (ITIN) a la entidad que paga los dividendos. How can i file 2010 taxes Para obtener más información sobre los números de Seguro Social y los números de identificación de contribuyente individual, vea Número de Seguro Social en el capítulo 1. How can i file 2010 taxes Retención adicional. How can i file 2010 taxes   El ingreso de dividendos por lo general no está sujeto a la retención normal. How can i file 2010 taxes Sin embargo, podría estar sujeto a la retención adicional de impuestos para asegurar que el impuesto sobre el ingreso sea recaudado sobre ese ingreso. How can i file 2010 taxes Conforme a la retención adicional de impuestos, la entidad que paga los dividendos tiene que retener impuestos sobre los ingresos de la cantidad que le paga a usted, aplicándo la tasa de retención correspondiente. How can i file 2010 taxes   También puede requerirse una retención adicional de impuestos si el IRS ha determinado que usted ha declarado una cantidad inferior de ingresos de intereses o dividendos de lo que dn verdad recibió. How can i file 2010 taxes Para más información, vea Retención Adicional , en el capítulo 4. How can i file 2010 taxes Certificado de acciones a nombre de dos o más personas. How can i file 2010 taxes   Si dos o más personas tienen acciones de propiedad conjunta, propiedad en tenencia conyugal o propiedad en tenencia común, la parte de los dividendos de las acciones que le corresponde a cada persona está determinada por las leyes locales. How can i file 2010 taxes Formulario 1099-DIV. How can i file 2010 taxes   La mayoría de las sociedades anónimas y fondos mutuos usan el Formulario 1099-DIV, Dividends and Distributions (Dividendos y distribuciones), en inglés, para informarle de las distribuciones que recibió de ellas durante el año. How can i file 2010 taxes Guarde este formulario con su documentación. How can i file 2010 taxes No tiene que adjuntar el formulario a su declaración de impuestos. How can i file 2010 taxes Dividendos no declarados en el Formulario 1099-DIV. How can i file 2010 taxes   Aun si no recibe el Formulario 1099-DIV, tendrá que declarar todos sus ingresos de dividendos sujetos a impuestos. How can i file 2010 taxes Por ejemplo, podría recibir acciones repartidas de dividendos de sociedades colectivas o de sociedades anónimas de tipo S. How can i file 2010 taxes A usted se le informa de dichos dividendos en el Anexo K-1 (del Formulario 1065), Partner's Share of Income, Deductions, Credits, etc. How can i file 2010 taxes (Parte de los ingresos, deducciones, créditos, etc. How can i file 2010 taxes , correspondiente al socio), en inglés, y en el Anexo K-1 (del Formulario 1120S), Shareholder's Share of Income, Deductions, Credits, etc. How can i file 2010 taxes (Parte de los ingresos, deducciones, créditos, etc. How can i file 2010 taxes , correspondiente al accionista), en inglés. How can i file 2010 taxes Cómo se le informa del impuesto retenido. How can i file 2010 taxes   Si se le retienen impuestos sobre su ingreso de dividendos, el pagador tiene que darle un Formulario 1099-DIV que indica la cantidad retenida. How can i file 2010 taxes Nominatarios. How can i file 2010 taxes   Si alguien recibe distribuciones como nominatario suyo, esa persona le dará un Formulario 1099-DIV que indicará las distribuciones recibidas en nombre de usted. How can i file 2010 taxes Formulario 1099-MISC. How can i file 2010 taxes   A usted se le tiene que informar de ciertos pagos sustitutivos en lugar de dividendos o intereses exentos de impuestos que recibe de un agente corredor bursátil en su nombre en el Formulario 1099-MISC, Miscellaneous Income (Ingresos misceláneos), en inglés, o en un documento similar. How can i file 2010 taxes Vea Reporting Substitute Payments (Cómo informar de pagos sustitutivos), bajo Short Sales (Ventas a corto al descubierto), en el capítulo 4 de la Publicación 550, en inglés, para más información sobre cómo informar de estos pagos. How can i file 2010 taxes Cantidad incorrecta que aparece en un Formulario 1099. How can i file 2010 taxes   Si recibe un Formulario 1099 que indica una cantidad incorrecta (u otra información incorrecta), debe pedirle a la persona que le dio el formulario que le envíe otro formulario corregido. How can i file 2010 taxes En el nuevo Formulario 1099 que recibirá aparecerá la palabra “ Corrected ” (Corregido). How can i file 2010 taxes Dividendos de acciones vendidas. How can i file 2010 taxes   Si se venden o intercambian acciones, o si se enajenan de otra manera después de que se declare un dividendo pero antes de ser pagado, el dueño oficial (usualmente la persona a quien se le expide el cheque de dividendos) tiene que incluir el dividendo en sus ingresos. How can i file 2010 taxes Dividendos recibidos en enero. How can i file 2010 taxes   A usted se le considera que ha recibido un dividendo el 31 de diciembre si un fondo mutuo (u otra compañía de inversiones reglamentada) o una sociedad de inversión inmobiliaria (REIT, por sus siglas en inglés) declara un dividendo (incluyendo todo dividendo que produzca intereses exentos o una distribución de ganancias de capital) en octubre, noviembre o diciembre, pagadero a los accionistas oficiales en una fecha de uno de estos meses, pero que realmente paga el dividendo durante enero del próximo año calendario. How can i file 2010 taxes Usted tiene que declarar el dividendo en el año en que fue declarado. How can i file 2010 taxes Dividendos Ordinarios Los dividendos ordinarios (sujetos a impuestos) son la distribución más común hecha por una sociedad anónima o un fondo mutuo. How can i file 2010 taxes Se pagan usando ingresos y ganancias y son considerados ingresos ordinarios para usted. How can i file 2010 taxes Esto significa que no son ganancias de capital. How can i file 2010 taxes Puede suponer que todo dividendo que reciba de acciones comunes o preferentes es un dividendo ordinario a menos que la sociedad anónima o el fondo mutuo que efectúa el pago le indique lo contrario. How can i file 2010 taxes Los dividendos ordinarios se muestran en el recuadro 1a del Formulario 1099-DIV que usted reciba. How can i file 2010 taxes Dividendos Calificados Los dividendos calificados son los dividendos ordinarios sujetos a la misma tasa impositiva máxima del 0%, 15% o 20% que corresponde a las ganancias netas de capital. How can i file 2010 taxes Deben indicarse en el recuadro 1b del Formulario 1099-DIV que reciba. How can i file 2010 taxes La tasa máxima del impuesto sobre los dividendos calificados es: 0% sobre toda cantidad que de otro modo se le impondrían impuestos a una tasa del 10% o del 15%. How can i file 2010 taxes 15% sobre toda cantidad que de otro modo se le impondrían impuestos a tasas mayores de 15%, pero menores de 39. How can i file 2010 taxes 6%. How can i file 2010 taxes 20% sobre toda cantidad que de otro modo se le impondrían impuestos a una tasa de 39. How can i file 2010 taxes 6%. How can i file 2010 taxes Para tener derecho a la tasa impositiva máxima, todos los requisitos siguientes tienen que cumplirse: Los dividendos tienen que haber sido pagados por una sociedad anónima estadounidense o una sociedad anónima extranjera calificada. How can i file 2010 taxes Vea Sociedad anónima extranjera calificada , más adelante. How can i file 2010 taxes Los dividendos no tienen la misma clasificación que aquéllos incluidos más adelante bajo Dividendos que no son dividendos calificados . How can i file 2010 taxes Usted cumple el período de tenencia (tema que se explica a continuación). How can i file 2010 taxes Período de tenencia. How can i file 2010 taxes   Usted tiene que haber tenido las acciones por más de 60 días durante el período de 121 días que comienza 60 días antes de la fecha del ex dividendo. How can i file 2010 taxes La fecha del ex dividendo es la primera fecha que sigue a la declaración del dividendo en la cual el comprador de las acciones no tiene derecho a recibir el siguiente pago de dividendos. How can i file 2010 taxes En su lugar, el vendedor recibirá el dividendo. How can i file 2010 taxes   Cuando cuente el número de días que tuvo las acciones, incluya el día en que enajenó las acciones, pero no el día en que las adquirió. How can i file 2010 taxes Vea los ejemplos más adelante. How can i file 2010 taxes Excepción para acciones preferentes. How can i file 2010 taxes   En el caso de acciones preferentes, tiene que haber tenido las acciones por más de 90 días durante el período de 181 días que comienza 90 días antes de la fecha del ex dividendo, si los dividendos se deben a períodos cuyo total es más de 366 días. How can i file 2010 taxes Si los dividendos preferentes se deben a períodos cuyo total es menos de 367 días, les corresponde el período de tenencia del párrafo anterior. How can i file 2010 taxes Ejemplo 1. How can i file 2010 taxes Usted compró 5,000 acciones ordinarias de la Compañía XYZ el 9 de julio de 2013. How can i file 2010 taxes La Compañía XYZ pagó un dividendo en efectivo de 10 centavos por cada acción. How can i file 2010 taxes La fecha del ex dividendo fue el 16 de julio de 2013. How can i file 2010 taxes El Formulario 1099-DIV de la Compañía XYZ muestra $500 en el recuadro 1a (dividendos ordinarios) y en el recuadro 1b (dividendos calificados). How can i file 2010 taxes No obstante, usted vendió las 5,000 acciones el 12 de agosto de 2013. How can i file 2010 taxes Tuvo las acciones de la Compañía XYZ por sólo 34 días del período de 121 días (desde el 10 de julio de 2013 hasta el 12 de agosto de 2013). How can i file 2010 taxes El período de 121 días comenzó el 17 de mayo de 2013 (60 días antes de la fecha del ex dividendo) y terminó el 14 de septiembre de 2013. How can i file 2010 taxes Usted no tiene dividendos calificados de la Compañía XYZ porque tuvo las acciones de la compañía por menos de 61 días. How can i file 2010 taxes Ejemplo 2. How can i file 2010 taxes Suponga que los hechos son los mismos que en el Ejemplo 1, excepto que compró las acciones el 15 de julio de 2013 (el día antes de la fecha del ex dividendo) y vendió las acciones el 16 de septiembre de 2013. How can i file 2010 taxes Usted tuvo las acciones por 63 días (desde el 16 de julio de 2013 hasta el 16 de septiembre de 2013). How can i file 2010 taxes Los $500 de dividendos calificados mostrados en el recuadro 1b del Formulario 1099-DIV son en su totalidad dividendos calificados porque tuvo las acciones por 61 días del período de 121 días (desde el 16 de julio de 2013 hasta el 14 de septiembre de 2013). How can i file 2010 taxes Ejemplo 3. How can i file 2010 taxes Usted compró 10,000 acciones ordinarias del Fondo Mutuo ABC el 9 de julio de 2013. How can i file 2010 taxes El Fondo Mutuo ABC pagó un dividendo en efectivo de 10 centavos por cada acción. How can i file 2010 taxes La fecha del ex dividendo fue el 16 de julio de 2013. How can i file 2010 taxes El Fondo Mutuo ABC le informa que la parte del dividendo que puede ser tratada como dividendos calificados equivale a 2 centavos por cada acción. How can i file 2010 taxes El Formulario 1099-DIV del Fondo Mutuo ABC muestra dividendos ordinarios de $1,000 y dividendos calificados de $200. How can i file 2010 taxes Sin embargo, usted vendió las 10,000 acciones el 12 de agosto de 2013. How can i file 2010 taxes No tiene dividendos calificados del Fondo Mutuo ABC porque tuvo las acciones del Fondo Mutuo ABC menos de 61 días. How can i file 2010 taxes Reducción del período de tenencia cuando disminuya el riesgo de pérdida. How can i file 2010 taxes   Al determinar si usted cumplió el período mínimo de tenencia del que se habló anteriormente, no puede contar ningún día durante el cual se cumpliera alguna de las situaciones siguientes: Tuvo una opción para vender, estaba bajo obligación por contrato de venta o había hecho (pero no cerrado) una venta al descubierto de acciones o valores sustancialmente iguales. How can i file 2010 taxes Era el otorgante (girador) de una opción de compra de acciones o valores bursátiles sustancialmente iguales. How can i file 2010 taxes Su riesgo de pérdida disminuye por tener una o más posiciones en bienes sustancialmente iguales o afines. How can i file 2010 taxes   Para información sobre cómo aplicar la condición (3), vea la sección 1. How can i file 2010 taxes 246-5 de los Reglamentos. How can i file 2010 taxes Sociedad anónima extranjera calificada. How can i file 2010 taxes   Una sociedad anónima extranjera es una compañía extranjera calificada si cumple alguna de las siguientes condiciones: La sociedad anónima está incorporada (constituida legalmente) en un territorio de los Estados Unidos. How can i file 2010 taxes La sociedad anónima reúne los requisitos para recibir los beneficios de un tratado amplio de impuestos sobre el ingreso con los Estados Unidos que el Departamento del Tesoro considere satisfactorio para este propósito y que incluya un programa de intercambio de información. How can i file 2010 taxes Para una lista de estos tratados, vea la Tabla 8-1. How can i file 2010 taxes La sociedad anónima no cumple las condiciones (1) o (2) anteriores, pero las acciones por las cuales se paga el dividendo son comercializables en un mercado de valores bursátiles establecido en los Estados Unidos. How can i file 2010 taxes Vea Acciones comercializables listadas , más adelante. How can i file 2010 taxes Excepción. How can i file 2010 taxes   Una sociedad anónima no es una sociedad anónima extranjera calificada si es una compañía extranjera de inversiones pasivas durante el año tributario en el cual se pagan los dividendos o durante el año tributario anterior. How can i file 2010 taxes Acciones comercializables listadas. How can i file 2010 taxes   Todas las acciones (tales como acciones comunes, ordinarias o preferentes) o recibos de depósito estadounidenses respecto a esas acciones, satisfacen el requisito (3), mencionado anteriormente bajo Sociedad anónima extranjera calificada , si se listan (cotizan) en una bolsa de valores nacional que está inscrita conforme a la sección 6 de la Securities Exchange Act (Ley de la Bolsa de Valores) de 1934 o en el Mercado de Valores Nasdaq. How can i file 2010 taxes Si desea ver una lista de las bolsas que reúnen estos requisitos, vea www. How can i file 2010 taxes sec. How can i file 2010 taxes gov/divisions/marketreg/mrexchanges. How can i file 2010 taxes shtml, en inglés. How can i file 2010 taxes Dividendos que no son dividendos calificados. How can i file 2010 taxes   Los dividendos enumerados a continuación no son dividendos calificados. How can i file 2010 taxes No son dividendos calificados aunque se encuentren indicados en el recuadro 1b del Formulario 1099-DIV. How can i file 2010 taxes Distribuciones de ganancias de capital. How can i file 2010 taxes Dividendos pagados sobre depósitos en cajas mutuas de ahorros, bancos cooperativos, cooperativas de crédito, asociaciones de crédito a la construcción estadounidenses, asociaciones de préstamo y ahorro estadounidenses, asociaciones federales de préstamo y ahorro e instituciones financieras similares. How can i file 2010 taxes Declare estos ingresos como ingreso de intereses. How can i file 2010 taxes Dividendos de una sociedad anónima que es una organización exenta de impuestos o una cooperativa agrícola durante el año tributario de la sociedad anónima en el cual se pagaron los dividendos o durante el año tributable anterior de la sociedad anónima. How can i file 2010 taxes Dividendos pagados por una sociedad anónima sobre valores bursátiles del empleador tenidos en la fecha de registro por un plan de compra de acciones para empleados (ESOP, por sus siglas en inglés) mantenido por esa sociedad anónima. How can i file 2010 taxes Dividendos sobre acciones hasta el punto que usted esté obligado (ya sea por venta al descubierto o de otra manera) a hacer pagos afines por posiciones en bienes sustancialmente similares o relacionados. How can i file 2010 taxes Pagos en lugar de dividendos, pero sólo si usted sabe o tiene razón de saber que los pagos no son dividendos calificados. How can i file 2010 taxes Pagos mostrados en el recuadro 1b del Formulario 1099-DIV, provenientes de una sociedad anónima extranjera hasta el punto que usted sepa o tenga razón de saber que los pagos no son dividendos calificados. How can i file 2010 taxes Tabla 8-1. How can i file 2010 taxes Tratados de Impuestos sobre los Ingresos Los tratados de impuestos sobre los ingresos que los Estados Unidos tiene con los siguientes países cumplen la condición (2) bajo Sociedad anónima extranjera calificada. How can i file 2010 taxes       Australia India Reino Austria Indonesia Unido Alemania Irlanda República Bangladesh Islandia Checa Barbados Israel República Bélgica Italia Eslovaca Bulgaria Jamaica Rumania Canadá Japón Sri Lanka China Kazajstán Suecia Chipre Letonia Suiza Corea Lituania Sudáfrica Dinamarca Luxemburgo Tailandia Egipto Malta Trinidad y Eslovenia Marruecos Tobago España México Túnez Estonia Noruega Turquía Federación Nueva Ucrania Rusa Zelandia Venezuela Filipinas Países Bajos (Holanda)   Finlandia Paquistán   Francia Polonia   Grecia Portugal   Hungría       Dividendos Utilizados para la Compra de más Acciones La sociedad anónima en la cual usted tiene acciones podría tener un plan para la reinversión de dividendos. How can i file 2010 taxes Tales planes le permiten optar por el uso de sus dividendos para comprar (por medio de un agente) más acciones en la sociedad anónima en vez de recibir los dividendos en efectivo. How can i file 2010 taxes La mayoría de los fondos de inversión también permiten a los accionistas reinvertir automáticamente las distribuciones para comprar más acciones en el fondo en lugar de recibir dinero en efectivo. How can i file 2010 taxes Si utiliza los dividendos para comprar más acciones al precio justo de mercado, todavía tiene que declarar los dividendos como ingreso. How can i file 2010 taxes Si es miembro de un plan de reinversión de dividendos que le permite comprar más acciones a un precio menor del precio justo de mercado, tiene que declarar como ingreso de dividendos el valor justo de mercado de las acciones adicionales el día del pago de los dividendos. How can i file 2010 taxes También tiene que declarar como ingreso de dividendos todos los cargos por servicios restados de sus dividendos en efectivo antes de que los dividendos sean utilizados para comprar acciones adicionales. How can i file 2010 taxes Pero tal vez pueda deducir el cargo por servicios. How can i file 2010 taxes Vea el capítulo 28 para más información sobre la deducción de gastos relativos a la producción de ingresos. How can i file 2010 taxes En algunos planes de reinversión de dividendos, se puede invertir más efectivo para comprar acciones a un precio menor del valor justo de mercado. How can i file 2010 taxes Si elige hacer esto, tiene que declarar como ingreso de dividendos la diferencia entre el efectivo que invierte y el valor justo de mercado de las acciones que compra. How can i file 2010 taxes Al calcular esta cantidad, utilice el valor justo de mercado de las acciones el día del pago del dividendo. How can i file 2010 taxes Fondos de Inversión del Mercado Monetario Declare las cantidades que reciba de fondos de inversión del mercado monetario como ingreso de dividendos. How can i file 2010 taxes Los fondos de inversión del mercado monetario son una clase de fondo mutuo y no deben ser confundidos con cuentas bancarias del mercado monetario que pagan intereses. How can i file 2010 taxes Distribuciones de Ganancias de Capital Las distribuciones de ganancias de capital (se denominan también dividendos de ganancias de capital) le son pagadas a usted o acreditadas a su cuenta por fondos mutuos (u otras sociedades inversionistas reglamentadas) y sociedades de inversión inmobiliaria (REIT, por sus siglas en inglés). How can i file 2010 taxes Estas distribuciones se mostrarán en el recuadro 2a del Formulario 1099-DIV que recibe del fondo mutuo o de la sociedad de inversión inmobiliaria. How can i file 2010 taxes Declare las distribuciones de ganancias de capital como ganancias de capital a largo plazo independientemente de cuánto tiempo usted haya tenido las acciones en el fondo mutuo o en la sociedad de inversión inmobiliaria. How can i file 2010 taxes Ganancias de capital no distribuidas provenientes de fondos mutuos y sociedades de inversión inmobiliaria. How can i file 2010 taxes    Algunos fondos mutuos y sociedades de inversión inmobiliaria retienen sus ganancias de capital a largo plazo y pagan impuesto sobre ellas. How can i file 2010 taxes Tiene que tratar su parte de estas ganancias como distribuciones, aunque en realidad no las reciba. How can i file 2010 taxes Sin embargo, éstas no se incluyen en el Formulario 1099-DIV. How can i file 2010 taxes En lugar de esto, a usted se le informa de dichas ganancias en el recuadro 1a del Formulario 2439 (en inglés). How can i file 2010 taxes   Declare las ganancias de capital no distribuidas (recuadro 1a del Formulario 2439) como ganancias de capital a largo plazo en la columna (h) en la línea 11 del Anexo D (Formulario 1040). How can i file 2010 taxes   Los impuestos pagados sobre estas ganancias por el fondo mutuo o la sociedad de inversión inmobiliaria se pueden ver en el recuadro 2 del Formulario 2439. How can i file 2010 taxes Para que el pago de dichos impuestos se le acredite a usted, anótelos en la línea 71 del Formulario 1040 y marque el recuadro “ a ” en esa línea. How can i file 2010 taxes Adjunte la Copia B del Formulario 2439 a su declaración y mantenga la Copia C para sus archivos. How can i file 2010 taxes Ajuste a la base. How can i file 2010 taxes   Aumente la base del fondo mutuo o sus intereses en una sociedad de inversión inmobiliaria por la diferencia entre la ganancia que declare y la cantidad de impuesto pagado que se le acredite a usted. How can i file 2010 taxes Información adicional. How can i file 2010 taxes   Para más información sobre el trato dado a las distribuciones de fondos mutuos, vea la Publicación 550, en inglés. How can i file 2010 taxes Distribuciones que no son Dividendos Una distribución que no sea en forma de dividendo es una distribución que no se paga de los ingresos y ganancias de una sociedad anónima o un fondo mutuo. How can i file 2010 taxes Usted debe recibir un Formulario 1099-DIV u otro estado de cuentas mostrándole la distribución que no sea en forma de dividendo. How can i file 2010 taxes En el Formulario 1099-DIV, una distribución que no sea en forma de dividendo se mostrará en el recuadro 3. How can i file 2010 taxes Si no recibe tal estado de cuentas, declare la distribución como un dividendo ordinario. How can i file 2010 taxes Ajuste a la base. How can i file 2010 taxes   Una distribución que no sea en forma de dividendo reduce la base de sus acciones. How can i file 2010 taxes No se le gravan impuestos hasta que su base en las acciones se recupere por completo. How can i file 2010 taxes Esta parte no sujeta a impuestos también se denomina rendimiento de capital. How can i file 2010 taxes Es un rendimiento de la inversión en las acciones de la empresa. How can i file 2010 taxes Si compra acciones de una sociedad anónima en lotes diferentes y en diferentes ocasiones y no puede identificar definitivamente las acciones sujetas a las distribuciones que no sean en forma de dividendos, reduzca la base de las acciones que compró primero. How can i file 2010 taxes   Cuando la base de las acciones haya sido reducida a cero, declare como una ganancia de capital toda distribución adicional que reciba que no sea en forma de dividendos. How can i file 2010 taxes Dependiendo de cuánto tiempo haya tenido las acciones, las declara como una ganancia de capital a largo plazo o como una ganancia de capital a corto plazo. How can i file 2010 taxes Vea el tema titulado Período de Tenencia , en el capítulo 14. How can i file 2010 taxes Ejemplo. How can i file 2010 taxes Usted compró acciones en el año 2000 por $100. How can i file 2010 taxes En el año 2003, recibió una distribución que no es dividendo de $80. How can i file 2010 taxes No incluyó esta cantidad en su ingreso, pero redujo la base de las acciones a $20. How can i file 2010 taxes Recibió una distribución que no es dividendo de $30 en el año 2013. How can i file 2010 taxes Los primeros $20 de esta cantidad redujeron su base a cero. How can i file 2010 taxes Usted declara los otros $10 como ganancia de capital a largo plazo para el año 2013. How can i file 2010 taxes Debe declarar como ganancia de capital a largo plazo toda distribución sobre estas acciones que no sea en forma de dividendo que reciba en los siguientes años. How can i file 2010 taxes Distribuciones de Liquidación Las distribuciones de liquidación, a veces conocidas como dividendos de liquidación, son distribuciones que se reciben durante una liquidación parcial o completa de una sociedad anónima. How can i file 2010 taxes Estas distribuciones son, por lo menos en parte, un tipo de rendimiento del capital. How can i file 2010 taxes Pueden pagarse en uno o más plazos. How can i file 2010 taxes Usted recibirá un Formulario 1099-DIV de la sociedad anónima mostrándole la cantidad de una distribución de liquidación en el recuadro 8 ó 9. How can i file 2010 taxes Para más información sobre las distribuciones de liquidación, vea el capítulo 1 de la Publicación 550, en inglés. How can i file 2010 taxes Distribuciones de Acciones y Derechos a Acciones Las distribuciones hechas por una sociedad anónima de sus propias acciones son comúnmente conocidas como dividendos de acciones. How can i file 2010 taxes Los derechos a acciones (también conocidos como “opción de compra de acciones”) son distribuciones hechas por una sociedad anónima de derechos para adquirir acciones de la misma. How can i file 2010 taxes Por lo general, los dividendos de acciones y los derechos a acciones no están sujetos a impuestos para usted y no los declara en la declaración de impuestos. How can i file 2010 taxes Dividendos de acciones y derechos a acciones sujetos a impuestos. How can i file 2010 taxes   Las distribuciones de dividendos de acciones y de derechos a acciones están sujetas a impuestos en su caso si se cumple alguna de las siguientes condiciones: Usted o algún otro accionista tiene la opción de recibir dinero en efectivo u otros bienes en vez de recibir acciones o derechos a acciones. How can i file 2010 taxes La distribución les da dinero en efectivo u otra propiedad a algunos accionistas y un aumento en el porcentaje de intereses en los bienes o ingresos y ganancias de la sociedad anónima a otros accionistas. How can i file 2010 taxes La distribución se puede convertir en acciones preferentes y tiene el mismo resultado que en el punto (2). How can i file 2010 taxes La distribución les da acciones preferentes a algunos accionistas dueños de acciones comunes y les da acciones comunes a otros accionistas dueños de acciones comunes. How can i file 2010 taxes La distribución es sobre acciones prefe- rentes. How can i file 2010 taxes Sin embargo, la distribución no está sujeta a impuestos si es un aumento en la proporción de conversión de las acciones preferentes convertibles hecho solamente para tener en cuenta un dividendo de acciones, un cambio proporcional en la cantidad de acciones de una sociedad anónima o un suceso similar que de otra manera resultaría en la reducción del derecho de conversión. How can i file 2010 taxes   El término “acciones” incluye el derecho de adquirir acciones y el término “accionista” incluye al tenedor de derechos o de valores bursátiles convertibles. How can i file 2010 taxes Si usted recibe dividendos de acciones o derechos a acciones sujetos a impuesto, incluya en sus ingresos el valor justo de mercado en la fecha de distribución. How can i file 2010 taxes Acciones preferentes rescatables por una prima. How can i file 2010 taxes   Si tiene acciones preferentes a un precio de rescate más alto que su precio de emisión, la diferencia (la prima de rescate) generalmente está sujeta a impuestos por concepto de una distribución implícita de acciones adicionales sobre acciones preferentes. How can i file 2010 taxes Para más información, vea el capítulo 1 de la Publicación 550, en inglés. How can i file 2010 taxes Base. How can i file 2010 taxes   La base en acciones o derechos a acciones recibidas en una distribución tributable es el valor justo de mercado en el momento que fueron distribuidas. How can i file 2010 taxes Si recibe acciones o derechos a acciones que no son tributables a usted, vea el tema titulado Stocks and Bonds (Acciones y bonos) bajo Basis of Investment Property (Base de bienes de inversión), en el capítulo 4 de la Publicación 550, en inglés, para más información sobre cómo calcular la base. How can i file 2010 taxes Acciones fraccionarias. How can i file 2010 taxes    Es posible que no posea suficientes acciones en una sociedad anónima para recibir una participación completa de las acciones si la sociedad anónima declara un dividendo de acciones. How can i file 2010 taxes Sin embargo, con la aprobación de los accionistas, la sociedad anónima podría establecer un plan mediante el cual las acciones fraccionarias no sean emitidas sino que sean vendidas y las ganancias en efectivo se entreguen a los accionistas. How can i file 2010 taxes Todo efectivo que reciba por acciones fraccionarias bajo tal clase de plan se considera una cantidad realizada en la venta de las acciones fraccionarias. How can i file 2010 taxes Declare esta transacción en el Formulario 8949, Sales and Other Dispositions of Capital Assets (Ventas y otras enajenaciones de bienes de capital), en inglés. How can i file 2010 taxes Anote su ganancia o pérdida, la diferencia entre el efectivo que usted recibe y la base de las acciones fraccionarias vendidas en la columna (h) del Anexo D (Formulario 1040) en la Parte I o Parte II, la que corresponda. How can i file 2010 taxes    Declare esta transacción en el Formulario 8949 marcando el recuadro correcto. How can i file 2010 taxes   Para más información sobre el Formulario 8949 y el Anexo D (Formulario 1040), vea el capítulo 4 de la Publicación 550. How can i file 2010 taxes También vea las instrucciones para el Formulario 8949 y las instruccinoes para el Anexo D (Formulario 1040). How can i file 2010 taxes Ejemplo. How can i file 2010 taxes Usted es dueño de una acción común que compró el 3 de enero de 2004 por $100. How can i file 2010 taxes La sociedad anónima declaró un dividendo de acciones comunes del 5% el 29 de junio de 2013. How can i file 2010 taxes El valor justo de mercado de las acciones en el momento en que se declaró el dividendo de acciones era $200. How can i file 2010 taxes A usted le pagaron $10 por el dividendo de acciones fraccionarias bajo un plan descrito en la sección titulada Acciones fraccionarias. How can i file 2010 taxes Usted calcula su ganancia o pérdida de la manera siguiente: Valor justo de mercado de las acciones antiguas $200. How can i file 2010 taxes 00 Valor justo de mercado del dividendo de acciones (efectivo recibido) +10. How can i file 2010 taxes 00 Valor justo de mercado de las acciones antiguas y del dividendo de acciones $210. How can i file 2010 taxes 00 Base (costo) de las acciones antiguas después del dividendo de acciones (($200 ÷ $210) × $100) $95. How can i file 2010 taxes 24 Base (costo) del dividendo de acciones (($10 ÷ $210) × $100) + 4. How can i file 2010 taxes 76 Total $100. How can i file 2010 taxes 00 Efectivo recibido $10. How can i file 2010 taxes 00 Base (costo) del dividendo de acciones − 4. How can i file 2010 taxes 76 Ganancia $5. How can i file 2010 taxes 24 Debido a que había tenido la acción por más de 1 año en el momento en que se declaró el dividendo de acciones, su ganancia en el dividendo de acciones es una ganancia de capital a largo plazo. How can i file 2010 taxes Certificado de dividendo diferido. How can i file 2010 taxes   Una sociedad anónima que declara un dividendo de acciones podría emitirle a usted un certificado de dividendo de acciones diferido que le da el derecho a acciones fraccionarias. How can i file 2010 taxes El certificado no suele estar sujeto a impuestos cuando usted lo recibe. How can i file 2010 taxes Si elige que la sociedad anónima venda el certificado por usted y le entregue las ganancias, su ganancia o pérdida es la diferencia entre las ganancias y la parte de su base en las acciones de la sociedad anónima asignada en el certificado. How can i file 2010 taxes   No obstante, si recibe un certificado de dividendo de acciones diferido y puede optar por rescatarlo por efectivo en vez de acciones, el certificado está sujeto a impuestos cuando lo reciba. How can i file 2010 taxes Tiene que incluir en sus ingresos el valor justo de mercado del certificado en la fecha en que lo recibió. How can i file 2010 taxes Otras Distribuciones Usted podría recibir alguna de las siguientes distribuciones durante el año. How can i file 2010 taxes Dividendos con intereses exentos. How can i file 2010 taxes   Los dividendos que producen intereses exentos de impuestos que recibe de un fondo mutuo u otra compañía de inversiones reglamentada, incluyendo aquellos recibidos de un fondo calificado en cualquier año tributario que comience después del 22 de diciembre del 2010, no se incluyen en los ingresos sujetos a impuestos. How can i file 2010 taxes Los dividendos con intereses exentos deben aparecer en el recuadro 10 del Formulario 1099-DIV. How can i file 2010 taxes Requisito de declarar ciertos datos. How can i file 2010 taxes   Aunque los dividendos con intereses exentos no están sujetos a impuestos, tiene que informar de los mismos en la declaración de impuestos si tiene que presentar una declaración. How can i file 2010 taxes Esto es un requisito de declarar datos y no hace que dichos dividendos con intereses exentos se cambien a ingresos sujetos a impuestos. How can i file 2010 taxes Tratamiento del impuesto mínimo alternativo. How can i file 2010 taxes   Los dividendos que produzcan intereses exentos y que se hayan pagado de bonos de actividad privada especificados podrían estar sujetos al impuesto mínimo alternativo. How can i file 2010 taxes Vea el tema titulado Impuesto Mínimo Alternativo (AMT) en el capítulo 30 para más información. How can i file 2010 taxes Dividendos de pólizas de seguro. How can i file 2010 taxes    Los dividendos de pólizas de seguro que el asegurador retiene y utiliza para pagar sus primas no están sujetos a impuestos. How can i file 2010 taxes No obstante, tiene que declarar como ingreso de intereses sujeto a impuestos los intereses que se paguen o acrediten sobre los dividendos dejados con la compañía de seguros. How can i file 2010 taxes    Si los dividendos de un contrato de seguros (que no sea un contrato de seguro dotal modificado) le son distribuidos a usted, éstos son una devolución parcial de las primas que usted pagó. How can i file 2010 taxes No los incluya en su ingreso bruto hasta que sean mayores al total de todas las primas netas que usted pagó por el contrato. How can i file 2010 taxes Declare todas las distribuciones sujetas a impuestos de pólizas de seguro en la línea 21 del Formulario 1040. How can i file 2010 taxes Dividendos del seguro para veteranos. How can i file 2010 taxes   Los dividendos que reciba de pólizas de seguro para veteranos no están sujetos a impuestos. How can i file 2010 taxes Además, los intereses de dividendos dejados en depósito con el Department of Veterans Affairs (Departamento de Asuntos de Veteranos) no están sujetos a impuestos. How can i file 2010 taxes Dividendos de patrocinio. How can i file 2010 taxes   Generalmente, los dividendos de patrocinio que reciba en dinero de una organización cooperativa están incluidos en sus ingresos. How can i file 2010 taxes   No incluya en sus ingresos dividendos de patrocinio que reciba por: Propiedad comprada para uso personal o Bienes de capital o propiedad depreciable comprados para uso en su negocio. How can i file 2010 taxes Pero tiene que reducir la base (costo) de los artículos comprados. How can i file 2010 taxes Si el dividendo es mayor a la base ajustada de los bienes, deberá declarar el exceso como ingreso. How can i file 2010 taxes   Estas reglas son las mismas independientemente de si la cooperativa que paga el dividendo es una cooperativa sujeta a impuestos o no. How can i file 2010 taxes Dividendos del Alaska Permanent Fund (Fondo Permanente de Alaska). How can i file 2010 taxes    No declare las cantidades que reciba del Alaska Permanent Fund como dividendos. How can i file 2010 taxes Declare estas cantidades en la línea 21 del Formulario 1040, la línea 13 del Formulario 1040A o la línea 3 del Formulario 1040EZ. How can i file 2010 taxes Cómo Declarar el Ingreso de Dividendos Por lo general, se puede utilizar el Formulario 1040 o el Formulario 1040A para declarar el ingreso de dividendos. How can i file 2010 taxes Declare el total de sus dividendos ordinarios en la línea 9a del Formulario 1040 o del Formulario 1040A. How can i file 2010 taxes Declare los dividendos calificados en la línea 9b del Formulario 1040 o el Formulario 1040A. How can i file 2010 taxes Si recibe una distribución de ganancias de capital, quizás pueda utilizar el Formulario 1040A o quizás tenga que utilizar el Formulario 1040. How can i file 2010 taxes Vea Excepciones a la presentación del Formulario 8949 y el Anexo D (Formulario 1040) , en el capítulo 16. How can i file 2010 taxes Si recibe distribuciones que no son dividendos pero que deben declararse como ganancias de capital, tendrá que utilizar el Formulario 1040. How can i file 2010 taxes No puede utilizar el Formulario 1040EZ si recibe ingresos de dividendos. How can i file 2010 taxes Formulario 1099-DIV. How can i file 2010 taxes   Si era dueño de acciones por las cuales ha recibido $10 o más por concepto de dividendos y otras distribuciones, deberá recibir un Formulario 1099-DIV. How can i file 2010 taxes Aun si no recibe un Formulario 1099-DIV, tiene que declarar todo su ingreso de dividendos. How can i file 2010 taxes   Vea el Formulario 1099-DIV para más información sobre cómo declarar el ingreso de dividendos. How can i file 2010 taxes Formulario 1040A o 1040. How can i file 2010 taxes    Tiene que completar la Parte II del Anexo B (Formulario 1040A o 1040) y adjuntarlo al Formulario 1040A o 1040, si: Sus dividendos ordinarios (el recuadro 1a del Formulario 1099-DIV) son mayores de $1,500 o Recibió, como nominatario, dividendos que en realidad le pertenecen a otra persona. How can i file 2010 taxes Si sus dividendos ordinarios son mayores de $1,500, usted también tiene que completar la Parte III del Anexo B (Formulario 1040 o 1040A). How can i file 2010 taxes   Escriba en la línea 5, Parte II del Anexo B, el nombre de cada pagador y los dividendos ordinarios que usted recibió. How can i file 2010 taxes Si sus valores bursátiles están a nombre de una empresa de corretaje (conocido en inglés como “ street name ”), escriba el nombre de la empresa de corretaje mostrado en el Formulario 1099-DIV como pagador. How can i file 2010 taxes Si sus acciones están a nombre de un nominatario que es el titular registrado, y el nominatario es el que le acredita o paga a usted los dividendos de las acciones, escriba el nombre del nominatario y los dividendos que recibió o que le fueron acreditados. How can i file 2010 taxes   Anote en la línea 6 el total de las cantidades que aparecen en la línea 5. How can i file 2010 taxes Anote también este total en la línea 9a del Formulario 1040 o del Formulario 1040A. How can i file 2010 taxes Dividendos calificados. How can i file 2010 taxes   Declare los dividendos calificados (el recuadro 1b del Formulario 1099-DIV) en la línea 9b del Formulario 1040 o del Formulario 1040A. How can i file 2010 taxes La cantidad del recuadro 1b ya se incluye en el recuadro 1a. How can i file 2010 taxes No añada ni reste la cantidad del recuadro 1b a la cantidad del recuadro 1a. How can i file 2010 taxes    No incluya ninguno de los siguientes en la línea 9b: Dividendos calificados que recibió como nominatario. How can i file 2010 taxes Vea el tema titulado Nominees (Nominatarios), bajo How to Report Dividend Income (Cómo se declara el ingreso de dividendos), en el capítulo 1 de la Publicación 550, en inglés. How can i file 2010 taxes Dividendos de acciones por las cuales usted no cumplió el período de tenencia. How can i file 2010 taxes Vea el tema titulado Período de tenencia , anteriormente, bajo la sección titulada Dividendos Calificados. How can i file 2010 taxes Dividendos sobre todas las acciones hasta el punto que usted esté obligado (ya sea por venta al descubierto o de otra manera) a hacer pagos afines por posiciones en bienes sustancialmente similares o relacionados. How can i file 2010 taxes Pagos en lugar de dividendos, pero sólo si usted sabe o tiene razón de saber que los pagos no son dividendos calificados. How can i file 2010 taxes Pagos mostrados en el recuadro 1b del Formulario 1099-DIV de una sociedad anónima extranjera hasta el punto donde sepa o tenga razón de saber que los pagos no son dividendos calificados. How can i file 2010 taxes   Si tiene dividendos calificados, tiene que calcular el impuesto completando la hoja Qualified Dividends and Capital Gain Tax Worksheet (Hoja de trabajo de impuestos sobre dividendos calificados y ganancias de capital) de las Instrucciones para el Formulario 1040 o el Formulario 1040A, o Schedule D Tax Worksheet (Hoja de trabajo de impuestos del Anexo D) de las Instrucciones del Anexo D del Formulario 1040, en inglés, según corresponda. How can i file 2010 taxes Anote los dividendos calificados en la línea 2 de la hoja de trabajo. How can i file 2010 taxes Deducción de los intereses de inversiones. How can i file 2010 taxes   Si declara una deducción por intereses de inversiones, quizás tenga que reducir sus dividendos que cumplan los requisitos de la tasa impositiva del 0%, 15% o 20%. How can i file 2010 taxes Redúzcala por la cantidad de dividendos calificados que elija incluir en el ingreso de inversiones al calcular el límite de la deducción de los intereses de inversiones. How can i file 2010 taxes Esto se hace en la hoja Qualified Dividends and Capital Gain Tax Worksheet (Hoja de trabajo de impuestos sobre dividendos calificados y ganancias de capital) o en la hoja Schedule D Tax Worksheet (Hoja de trabajo de impuestos del Anexo D). How can i file 2010 taxes Para más información sobre el límite de intereses de inversión, vea Gastos de inversión en el capítulo 23. How can i file 2010 taxes Gastos relacionados con el ingreso de dividendos. How can i file 2010 taxes   Es posible que pueda deducir los gastos relacionados con el ingreso de dividendos si detalla sus deducciones en el Anexo A (Formulario 1040). How can i file 2010 taxes Vea el capítulo 28 para obtener información general sobre la deducción de gastos relativos a la producción de ingresos. How can i file 2010 taxes Más información. How can i file 2010 taxes    Para más información sobre cómo declarar el ingreso de dividendos, vea el capítulo 1 de la Publicación 550, en inglés, o las instrucciones para el formulario que tiene que presentar. How can i file 2010 taxes Prev  Up  Next   Home   More Online Publications
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How can i file 2010 taxes 10. How can i file 2010 taxes   Retirement Plans, Pensions, and Annuities Table of Contents What's New Reminder IntroductionThe General Rule. How can i file 2010 taxes Individual retirement arrangements (IRAs). How can i file 2010 taxes Civil service retirement benefits. How can i file 2010 taxes Useful Items - You may want to see: General InformationIn-plan rollovers to designated Roth accounts. How can i file 2010 taxes How To Report Cost (Investment in the Contract) Taxation of Periodic PaymentsExclusion limited to cost. How can i file 2010 taxes Exclusion not limited to cost. How can i file 2010 taxes Simplified Method Taxation of Nonperiodic PaymentsLump-Sum Distributions RolloversIn-plan rollovers to designated Roth accounts. How can i file 2010 taxes Special Additional TaxesTax on Early Distributions Tax on Excess Accumulation Survivors and Beneficiaries What's New For purposes of the Net Investment Income Tax (NIIT), net investment income does not include distributions from a qualified retirement plan (for example, 401(a), 403(a), 403(b), 408, 408A, or 457(b) plans). How can i file 2010 taxes However, these distributions are taken into account when determining the modified adjusted gross income threshold. How can i file 2010 taxes Distributions from a nonqualified retirement plan are included in net investment income. How can i file 2010 taxes See Form 8960, Net Investment Income Tax - Individuals, Estates, and Trusts, and its instructions for more information. How can i file 2010 taxes Reminder Starting in 2013, the American Taxpayer Relief Act of 2012 expanded the rules for in-plan Roth rollovers to include more taxpayers. How can i file 2010 taxes For more information, see Designated Roth accounts discussed later. How can i file 2010 taxes Introduction This chapter discusses the tax treatment of distributions you receive from: An employee pension or annuity from a qualified plan, A disability retirement, and A purchased commercial annuity. How can i file 2010 taxes What is not covered in this chapter. How can i file 2010 taxes   The following topics are not discussed in this chapter. How can i file 2010 taxes The General Rule. How can i file 2010 taxes   This is the method generally used to determine the tax treatment of pension and annuity income from nonqualified plans (including commercial annuities). How can i file 2010 taxes For a qualified plan, you generally cannot use the General Rule unless your annuity starting date is before November 19, 1996. How can i file 2010 taxes For more information about the General Rule, see Publication 939, General Rule for Pensions and Annuities. How can i file 2010 taxes Individual retirement arrangements (IRAs). How can i file 2010 taxes   Information on the tax treatment of amounts you receive from an IRA is in chapter 17. How can i file 2010 taxes Civil service retirement benefits. How can i file 2010 taxes    If you are retired from the federal government (regular, phased, or disability retirement), see Publication 721, Tax Guide to U. How can i file 2010 taxes S. How can i file 2010 taxes Civil Service Retirement Benefits. How can i file 2010 taxes Publication 721 also covers the information that you need if you are the survivor or beneficiary of a federal employee or retiree who died. How can i file 2010 taxes Useful Items - You may want to see: Publication 575 Pension and Annuity Income 721 Tax Guide to U. How can i file 2010 taxes S. How can i file 2010 taxes Civil Service Retirement Benefits 939 General Rule for Pensions and Annuities Form (and Instructions) W-4P Withholding Certificate for Pension or Annuity Payments 1099-R Distributions From Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts, etc. How can i file 2010 taxes 4972 Tax on Lump-Sum Distributions 5329 Additional Taxes on Qualified Plans (Including IRAs) and Other Tax-Favored Accounts General Information Designated Roth accounts. How can i file 2010 taxes   A designated Roth account is a separate account created under a qualified Roth contribution program to which participants may elect to have part or all of their elective deferrals to a 401(k), 403(b), or 457(b) plan designated as Roth contributions. How can i file 2010 taxes Elective deferrals that are designated as Roth contributions are included in your income. How can i file 2010 taxes However, qualified distributions are not included in your income. How can i file 2010 taxes See Publication 575 for more information. How can i file 2010 taxes In-plan rollovers to designated Roth accounts. How can i file 2010 taxes   If you are a participant in a 401(k), 403(b), or 457(b) plan, your plan may permit you to roll over amounts in those plans to a designated Roth account within the same plan. How can i file 2010 taxes The rollover of any untaxed amounts must be included in income. How can i file 2010 taxes See Publication 575 for more information. How can i file 2010 taxes More than one program. How can i file 2010 taxes   If you receive benefits from more than one program under a single trust or plan of your employer, such as a pension plan and a profit-sharing plan, you may have to figure the taxable part of each pension or annuity contract separately. How can i file 2010 taxes Your former employer or the plan administrator should be able to tell you if you have more than one pension or annuity contract. How can i file 2010 taxes Section 457 deferred compensation plans. How can i file 2010 taxes    If you work for a state or local government or for a tax-exempt organization, you may be able to participate in a section 457 deferred compensation plan. How can i file 2010 taxes If your plan is an eligible plan, you are not taxed currently on pay that is deferred under the plan or on any earnings from the plan's investment of the deferred pay. How can i file 2010 taxes You are generally taxed on amounts deferred in an eligible state or local government plan only when they are distributed from the plan. How can i file 2010 taxes You are taxed on amounts deferred in an eligible tax-exempt organization plan when they are distributed or otherwise made available to you. How can i file 2010 taxes   Your 457(b) plan may have a designated Roth account option. How can i file 2010 taxes If so, you may be able to roll over amounts to the designated Roth account or make contributions. How can i file 2010 taxes Elective deferrals to a designated Roth account are included in your income. How can i file 2010 taxes Qualified distributions from a designated Roth account are not subject to tax. How can i file 2010 taxes   This chapter covers the tax treatment of benefits under eligible section 457 plans, but it does not cover the treatment of deferrals. How can i file 2010 taxes For information on deferrals under section 457 plans, see Retirement Plan Contributions under Employee Compensation in Publication 525, Taxable and Nontaxable Income. How can i file 2010 taxes   For general information on these deferred compensation plans, see Section 457 Deferred Compensation Plans in Publication 575. How can i file 2010 taxes Disability pensions. How can i file 2010 taxes   If you retired on disability, you generally must include in income any disability pension you receive under a plan that is paid for by your employer. How can i file 2010 taxes You must report your taxable disability payments as wages on line 7 of Form 1040 or Form 1040A until you reach minimum retirement age. How can i file 2010 taxes Minimum retirement age generally is the age at which you can first receive a pension or annuity if you are not disabled. How can i file 2010 taxes    You may be entitled to a tax credit if you were permanently and totally disabled when you retired. How can i file 2010 taxes For information on the credit for the elderly or the disabled, see chapter 33. How can i file 2010 taxes   Beginning on the day after you reach minimum retirement age, payments you receive are taxable as a pension or annuity. How can i file 2010 taxes Report the payments on Form 1040, lines 16a and 16b, or on Form 1040A, lines 12a and 12b. How can i file 2010 taxes    Disability payments for injuries incurred as a direct result of a terrorist attack directed against the United States (or its allies) are not included in income. How can i file 2010 taxes For more information about payments to survivors of terrorist attacks, see Publication 3920, Tax Relief for Victims of Terrorist Attacks. How can i file 2010 taxes   For more information on how to report disability pensions, including military and certain government disability pensions, see chapter 5. How can i file 2010 taxes Retired public safety officers. How can i file 2010 taxes   An eligible retired public safety officer can elect to exclude from income distributions of up to $3,000 made directly from a government retirement plan to the provider of accident, health, or long-term disability insurance. How can i file 2010 taxes See Insurance Premiums for Retired Public Safety Officers in Publication 575 for more information. How can i file 2010 taxes Railroad retirement benefits. How can i file 2010 taxes   Part of any railroad retirement benefits you receive is treated for tax purposes as social security benefits, and part is treated as an employee pension. How can i file 2010 taxes For information about railroad retirement benefits treated as social security benefits, see Publication 915, Social Security and Equivalent Railroad Retirement Benefits. How can i file 2010 taxes For information about railroad retirement benefits treated as an employee pension, see Railroad Retirement Benefits in Publication 575. How can i file 2010 taxes Withholding and estimated tax. How can i file 2010 taxes   The payer of your pension, profit-sharing, stock bonus, annuity, or deferred compensation plan will withhold income tax on the taxable parts of amounts paid to you. How can i file 2010 taxes You can tell the payer how much to withhold, or not to withhold, by filing Form W-4P. How can i file 2010 taxes If you choose not to have tax withheld, or you do not have enough tax withheld, you may have to pay estimated tax. How can i file 2010 taxes   If you receive an eligible rollover distribution, you cannot choose not to have tax withheld. How can i file 2010 taxes Generally, 20% will be withheld, but no tax will be withheld on a direct rollover of an eligible rollover distribution. How can i file 2010 taxes See Direct rollover option under Rollovers, later. How can i file 2010 taxes   For more information, see Pensions and Annuities under Tax Withholding for 2014 in chapter 4. How can i file 2010 taxes Qualified plans for self-employed individuals. How can i file 2010 taxes   Qualified plans set up by self-employed individuals are sometimes called Keogh or H. How can i file 2010 taxes R. How can i file 2010 taxes 10 plans. How can i file 2010 taxes Qualified plans can be set up by sole proprietors, partnerships (but not a partner), and corporations. How can i file 2010 taxes They can cover self-employed persons, such as the sole proprietor or partners, as well as regular (common-law) employees. How can i file 2010 taxes    Distributions from a qualified plan are usually fully taxable because most recipients have no cost basis. How can i file 2010 taxes If you have an investment (cost) in the plan, however, your pension or annuity payments from a qualified plan are taxed under the Simplified Method. How can i file 2010 taxes For more information about qualified plans, see Publication 560, Retirement Plans for Small Business. How can i file 2010 taxes Purchased annuities. How can i file 2010 taxes   If you receive pension or annuity payments from a privately purchased annuity contract from a commercial organization, such as an insurance company, you generally must use the General Rule to figure the tax-free part of each annuity payment. How can i file 2010 taxes For more information about the General Rule, get Publication 939. How can i file 2010 taxes Also, see Variable Annuities in Publication 575 for the special provisions that apply to these annuity contracts. How can i file 2010 taxes Loans. How can i file 2010 taxes   If you borrow money from your retirement plan, you must treat the loan as a nonperiodic distribution from the plan unless certain exceptions apply. How can i file 2010 taxes This treatment also applies to any loan under a contract purchased under your retirement plan, and to the value of any part of your interest in the plan or contract that you pledge or assign. How can i file 2010 taxes This means that you must include in income all or part of the amount borrowed. How can i file 2010 taxes Even if you do not have to treat the loan as a nonperiodic distribution, you may not be able to deduct the interest on the loan in some situations. How can i file 2010 taxes For details, see Loans Treated as Distributions in Publication 575. How can i file 2010 taxes For information on the deductibility of interest, see chapter 23. How can i file 2010 taxes Tax-free exchange. How can i file 2010 taxes   No gain or loss is recognized on an exchange of an annuity contract for another annuity contract if the insured or annuitant remains the same. How can i file 2010 taxes However, if an annuity contract is exchanged for a life insurance or endowment contract, any gain due to interest accumulated on the contract is ordinary income. How can i file 2010 taxes See Transfers of Annuity Contracts in Publication 575 for more information about exchanges of annuity contracts. How can i file 2010 taxes How To Report If you file Form 1040, report your total annuity on line 16a and the taxable part on line 16b. How can i file 2010 taxes If your pension or annuity is fully taxable, enter it on line 16b; do not make an entry on line 16a. How can i file 2010 taxes If you file Form 1040A, report your total annuity on line 12a and the taxable part on line 12b. How can i file 2010 taxes If your pension or annuity is fully taxable, enter it on line 12b; do not make an entry on line 12a. How can i file 2010 taxes More than one annuity. How can i file 2010 taxes   If you receive more than one annuity and at least one of them is not fully taxable, enter the total amount received from all annuities on Form 1040, line 16a, or Form 1040A, line 12a, and enter the taxable part on Form 1040, line 16b, or Form 1040A, line 12b. How can i file 2010 taxes If all the annuities you receive are fully taxable, enter the total of all of them on Form 1040, line 16b, or Form 1040A, line 12b. How can i file 2010 taxes Joint return. How can i file 2010 taxes   If you file a joint return and you and your spouse each receive one or more pensions or annuities, report the total of the pensions and annuities on Form 1040, line 16a, or Form 1040A, line 12a, and report the taxable part on Form 1040, line 16b, or Form 1040A, line 12b. How can i file 2010 taxes Cost (Investment in the Contract) Before you can figure how much, if any, of a distribution from your pension or annuity plan is taxable, you must determine your cost (your investment in the contract) in the pension or annuity. How can i file 2010 taxes Your total cost in the plan includes the total premiums, contributions, or other amounts you paid. How can i file 2010 taxes This includes the amounts your employer contributed that were taxable to you when paid. How can i file 2010 taxes Cost does not include any amounts you deducted or were excluded from your income. How can i file 2010 taxes From this total cost, subtract any refunds of premiums, rebates, dividends, unrepaid loans that were not included in your income, or other tax-free amounts that you received by the later of the annuity starting date or the date on which you received your first payment. How can i file 2010 taxes Your annuity starting date is the later of the first day of the first period for which you received a payment or the date the plan's obligations became fixed. How can i file 2010 taxes Designated Roth accounts. How can i file 2010 taxes   Your cost in these accounts is your designated Roth contributions that were included in your income as wages subject to applicable withholding requirements. How can i file 2010 taxes Your cost will also include any in-plan Roth rollovers you included in income. How can i file 2010 taxes Foreign employment contributions. How can i file 2010 taxes   If you worked in a foreign country and contributions were made to your retirement plan, special rules apply in determining your cost. How can i file 2010 taxes See Foreign employment contributions under Cost (Investment in the Contract) in Publication 575. How can i file 2010 taxes Taxation of Periodic Payments Fully taxable payments. How can i file 2010 taxes   Generally, if you did not pay any part of the cost of your employee pension or annuity and your employer did not withhold part of the cost from your pay while you worked, the amounts you receive each year are fully taxable. How can i file 2010 taxes You must report them on your income tax return. How can i file 2010 taxes Partly taxable payments. How can i file 2010 taxes   If you paid part of the cost of your pension or annuity, you are not taxed on the part of the pension or annuity you receive that represents a return of your cost. How can i file 2010 taxes The rest of the amount you receive is generally taxable. How can i file 2010 taxes You figure the tax-free part of the payment using either the Simplified Method or the General Rule. How can i file 2010 taxes Your annuity starting date and whether or not your plan is qualified determine which method you must or may use. How can i file 2010 taxes   If your annuity starting date is after November 18, 1996, and your payments are from a qualified plan, you must use the Simplified Method. How can i file 2010 taxes Generally, you must use the General Rule if your annuity is paid under a nonqualified plan, and you cannot use this method if your annuity is paid under a qualified plan. How can i file 2010 taxes   If you had more than one partly taxable pension or annuity, figure the tax-free part and the taxable part of each separately. How can i file 2010 taxes   If your annuity is paid under a qualified plan and your annuity starting date is after July 1, 1986, and before November 19, 1996, you could have chosen to use either the General Rule or the Simplified Method. How can i file 2010 taxes Exclusion limit. How can i file 2010 taxes   Your annuity starting date determines the total amount of annuity payments that you can exclude from your taxable income over the years. How can i file 2010 taxes Once your annuity starting date is determined, it does not change. How can i file 2010 taxes If you calculate the taxable portion of your annuity payments using the simplified method worksheet, the annuity starting date determines the recovery period for your cost. How can i file 2010 taxes That recovery period begins on your annuity starting date and is not affected by the date you first complete the worksheet. How can i file 2010 taxes Exclusion limited to cost. How can i file 2010 taxes   If your annuity starting date is after 1986, the total amount of annuity income that you can exclude over the years as a recovery of the cost cannot exceed your total cost. How can i file 2010 taxes Any unrecovered cost at your (or the last annuitant's) death is allowed as a miscellaneous itemized deduction on the final return of the decedent. How can i file 2010 taxes This deduction is not subject to the 2%-of-adjusted-gross-income limit. How can i file 2010 taxes Exclusion not limited to cost. How can i file 2010 taxes   If your annuity starting date is before 1987, you can continue to take your monthly exclusion for as long as you receive your annuity. How can i file 2010 taxes If you chose a joint and survivor annuity, your survivor can continue to take the survivor's exclusion figured as of the annuity starting date. How can i file 2010 taxes The total exclusion may be more than your cost. How can i file 2010 taxes Simplified Method Under the Simplified Method, you figure the tax-free part of each annuity payment by dividing your cost by the total number of anticipated monthly payments. How can i file 2010 taxes For an annuity that is payable for the lives of the annuitants, this number is based on the annuitants' ages on the annuity starting date and is determined from a table. How can i file 2010 taxes For any other annuity, this number is the number of monthly annuity payments under the contract. How can i file 2010 taxes Who must use the Simplified Method. How can i file 2010 taxes   You must use the Simplified Method if your annuity starting date is after November 18, 1996, and you both: Receive pension or annuity payments from a qualified employee plan, qualified employee annuity, or a tax-sheltered annuity (403(b)) plan, and On your annuity starting date, you were either under age 75, or entitled to less than 5 years of guaranteed payments. How can i file 2010 taxes Guaranteed payments. How can i file 2010 taxes   Your annuity contract provides guaranteed payments if a minimum number of payments or a minimum amount (for example, the amount of your investment) is payable even if you and any survivor annuitant do not live to receive the minimum. How can i file 2010 taxes If the minimum amount is less than the total amount of the payments you are to receive, barring death, during the first 5 years after payments begin (figured by ignoring any payment increases), you are entitled to less than 5 years of guaranteed payments. How can i file 2010 taxes How to use the Simplified Method. How can i file 2010 taxes    Complete the Simplified Method Worksheet in Publication 575 to figure your taxable annuity for 2013. How can i file 2010 taxes Single-life annuity. How can i file 2010 taxes    If your annuity is payable for your life alone, use Table 1 at the bottom of the worksheet to determine the total number of expected monthly payments. How can i file 2010 taxes Enter on line 3 the number shown for your age at the annuity starting date. How can i file 2010 taxes Multiple-lives annuity. How can i file 2010 taxes   If your annuity is payable for the lives of more than one annuitant, use Table 2 at the bottom of the worksheet to determine the total number of expected monthly payments. How can i file 2010 taxes Enter on line 3 the number shown for the combined ages of you and the youngest survivor annuitant at the annuity starting date. How can i file 2010 taxes   However, if your annuity starting date is before 1998, do not use Table 2 and do not combine the annuitants' ages. How can i file 2010 taxes Instead you must use Table 1 and enter on line 3 the number shown for the primary annuitant's age on the annuity starting date. How can i file 2010 taxes    Be sure to keep a copy of the completed worksheet; it will help you figure your taxable annuity next year. How can i file 2010 taxes Example. How can i file 2010 taxes Bill Smith, age 65, began receiving retirement benefits in 2013, under a joint and survivor annuity. How can i file 2010 taxes Bill's annuity starting date is January 1, 2013. How can i file 2010 taxes The benefits are to be paid for the joint lives of Bill and his wife Kathy, age 65. How can i file 2010 taxes Bill had contributed $31,000 to a qualified plan and had received no distributions before the annuity starting date. How can i file 2010 taxes Bill is to receive a retirement benefit of $1,200 a month, and Kathy is to receive a monthly survivor benefit of $600 upon Bill's death. How can i file 2010 taxes Bill must use the Simplified Method to figure his taxable annuity because his payments are from a qualified plan and he is under age 75. How can i file 2010 taxes Because his annuity is payable over the lives of more than one annuitant, he uses his and Kathy's combined ages and Table 2 at the bottom of the worksheet in completing line 3 of the worksheet. How can i file 2010 taxes His completed worksheet is shown in Worksheet 10-A. How can i file 2010 taxes Bill's tax-free monthly amount is $100 ($31,000 ÷ 310) as shown on line 4 of the worksheet. How can i file 2010 taxes Upon Bill's death, if Bill has not recovered the full $31,000 investment, Kathy will also exclude $100 from her $600 monthly payment. How can i file 2010 taxes The full amount of any annuity payments received after 310 payments are paid must be included in gross income. How can i file 2010 taxes If Bill and Kathy die before 310 payments are made, a miscellaneous itemized deduction will be allowed for the unrecovered cost on the final income tax return of the last to die. How can i file 2010 taxes This deduction is not subject to the 2%-of-adjusted- gross-income limit. How can i file 2010 taxes Worksheet 10-A. How can i file 2010 taxes Simplified Method Worksheet for Bill Smith 1. How can i file 2010 taxes Enter the total pension or annuity payments received this year. How can i file 2010 taxes Also, add this amount to the total for Form 1040, line 16a, or Form 1040A, line 12a 1. How can i file 2010 taxes 14,400 2. How can i file 2010 taxes Enter your cost in the plan (contract) at the annuity starting date plus any death benefit exclusion*. How can i file 2010 taxes See Cost (Investment in the Contract) , earlier 2. How can i file 2010 taxes 31,000       Note: If your annuity starting date was before this year and you completed this worksheet last year, skip line 3 and enter the amount from line 4 of last year's worksheet on line 4 below (even if the amount of your pension or annuity has changed). How can i file 2010 taxes Otherwise, go to line 3. How can i file 2010 taxes         3. How can i file 2010 taxes Enter the appropriate number from Table 1 below. How can i file 2010 taxes But if your annuity starting date was after 1997 and the payments are for your life and that of your beneficiary, enter the appropriate number from Table 2 below 3. How can i file 2010 taxes 310     4. How can i file 2010 taxes Divide line 2 by the number on line 3 4. How can i file 2010 taxes 100     5. How can i file 2010 taxes Multiply line 4 by the number of months for which this year's payments were made. How can i file 2010 taxes If your annuity starting date was before 1987, enter this amount on line 8 below and skip lines 6, 7, 10, and 11. How can i file 2010 taxes Otherwise, go to line 6 5. How can i file 2010 taxes 1,200     6. How can i file 2010 taxes Enter any amounts previously recovered tax free in years after 1986. How can i file 2010 taxes This is the amount shown on line 10 of your worksheet for last year 6. How can i file 2010 taxes -0-     7. How can i file 2010 taxes Subtract line 6 from line 2 7. How can i file 2010 taxes 31,000     8. How can i file 2010 taxes Enter the smaller of line 5 or line 7 8. How can i file 2010 taxes 1,200 9. How can i file 2010 taxes Taxable amount for year. How can i file 2010 taxes Subtract line 8 from line 1. How can i file 2010 taxes Enter the result, but not less than zero. How can i file 2010 taxes Also, add this amount to the total for Form 1040, line 16b, or Form 1040A, line 12b 9. How can i file 2010 taxes 13,200   Note: If your Form 1099-R shows a larger taxable amount, use the amount figured on this line instead. How can i file 2010 taxes If you are a retired public safety officer, see Insurance Premiums for Retired Public Safety Officers in Publication 575 before entering an amount on your tax return. How can i file 2010 taxes     10. How can i file 2010 taxes Was your annuity starting date before 1987? □ Yes. How can i file 2010 taxes STOP. How can i file 2010 taxes Do not complete the rest of this worksheet. How can i file 2010 taxes  ☑ No. How can i file 2010 taxes Add lines 6 and 8. How can i file 2010 taxes This is the amount you have recovered tax free through 2013. How can i file 2010 taxes You will need this number if you need to fill out this worksheet next year 10. How can i file 2010 taxes 1,200 11. How can i file 2010 taxes Balance of cost to be recovered. How can i file 2010 taxes Subtract line 10 from line 2. How can i file 2010 taxes If zero, you will not have to complete this worksheet next year. How can i file 2010 taxes The payments you receive next year will generally be fully taxable 11. How can i file 2010 taxes 29,800 TABLE 1 FOR LINE 3 ABOVE   AND your annuity starting date was— IF the age at annuity starting date was. How can i file 2010 taxes . How can i file 2010 taxes . How can i file 2010 taxes before November 19, 1996, enter on line 3. How can i file 2010 taxes . How can i file 2010 taxes . How can i file 2010 taxes after November 18, 1996, enter on line 3. How can i file 2010 taxes . How can i file 2010 taxes . How can i file 2010 taxes 55 or under 300 360 56–60 260 310 61–65 240 260 66–70 170 210 71 or older 120 160 TABLE 2 FOR LINE 3 ABOVE IF the combined ages at annuity starting date were. How can i file 2010 taxes . How can i file 2010 taxes . How can i file 2010 taxes   THEN enter on line 3. How can i file 2010 taxes . How can i file 2010 taxes . How can i file 2010 taxes 110 or under   410 111–120   360 121–130   310 131–140   260 141 or older   210 * A death benefit exclusion (up to $5,000) applied to certain benefits received by employees who died before August 21, 1996. How can i file 2010 taxes Who must use the General Rule. How can i file 2010 taxes   You must use the General Rule if you receive pension or annuity payments from: A nonqualified plan (such as a private annuity, a purchased commercial annuity, or a nonqualified employee plan), or A qualified plan if you are age 75 or older on your annuity starting date and your annuity payments are guaranteed for at least 5 years. How can i file 2010 taxes Annuity starting before November 19, 1996. How can i file 2010 taxes   If your annuity starting date is after July 1, 1986, and before November 19, 1996, you had to use the General Rule for either circumstance just described. How can i file 2010 taxes You also had to use it for any fixed-period annuity. How can i file 2010 taxes If you did not have to use the General Rule, you could have chosen to use it. How can i file 2010 taxes If your annuity starting date is before July 2, 1986, you had to use the General Rule unless you could use the Three-Year Rule. How can i file 2010 taxes   If you had to use the General Rule (or chose to use it), you must continue to use it each year that you recover your cost. How can i file 2010 taxes Who cannot use the General Rule. How can i file 2010 taxes   You cannot use the General Rule if you receive your pension or annuity from a qualified plan and none of the circumstances described in the preceding discussions apply to you. How can i file 2010 taxes See Who must use the Simplified Method , earlier. How can i file 2010 taxes More information. How can i file 2010 taxes   For complete information on using the General Rule, including the actuarial tables you need, see Publication 939. How can i file 2010 taxes Taxation of Nonperiodic Payments Nonperiodic distributions are also known as amounts not received as an annuity. How can i file 2010 taxes They include all payments other than periodic payments and corrective distributions. How can i file 2010 taxes Examples of nonperiodic payments are cash withdrawals, distributions of current earnings, certain loans, and the value of annuity contracts transferred without full and adequate consideration. How can i file 2010 taxes Corrective distributions of excess plan contributions. How can i file 2010 taxes   Generally, if the contributions made for you during the year to certain retirement plans exceed certain limits, the excess is taxable to you. How can i file 2010 taxes To correct an excess, your plan may distribute it to you (along with any income earned on the excess). How can i file 2010 taxes For information on plan contribution limits and how to report corrective distributions of excess contributions, see Retirement Plan Contributions under Employee Compensation in Publication 525. How can i file 2010 taxes Figuring the taxable amount of nonperiodic payments. How can i file 2010 taxes   How you figure the taxable amount of a nonperiodic distribution depends on whether it is made before the annuity starting date, or on or after the annuity starting date. How can i file 2010 taxes If it is made before the annuity starting date, its tax treatment also depends on whether it is made under a qualified or nonqualified plan. How can i file 2010 taxes If it is made under a nonqualified plan, its tax treatment depends on whether it fully discharges the contract, is received under certain life insurance or endowment contracts, or is allocable to an investment you made before August 14, 1982. How can i file 2010 taxes Annuity starting date. How can i file 2010 taxes   The annuity starting date is either the first day of the first period for which you receive an annuity payment under the contract or the date on which the obligation under the contract becomes fixed, whichever is later. How can i file 2010 taxes Distribution on or after annuity starting date. How can i file 2010 taxes   If you receive a nonperiodic payment from your annuity contract on or after the annuity starting date, you generally must include all of the payment in gross income. How can i file 2010 taxes Distribution before annuity starting date. How can i file 2010 taxes   If you receive a nonperiodic distribution before the annuity starting date from a qualified retirement plan, you generally can allocate only part of it to the cost of the contract. How can i file 2010 taxes You exclude from your gross income the part that you allocate to the cost. How can i file 2010 taxes You include the remainder in your gross income. How can i file 2010 taxes   If you receive a nonperiodic distribution before the annuity starting date from a plan other than a qualified retirement plan (nonqualified plan), it is allocated first to earnings (the taxable part) and then to the cost of the contract (the tax-free part). How can i file 2010 taxes This allocation rule applies, for example, to a commercial annuity contract you bought directly from the issuer. How can i file 2010 taxes    Distributions from nonqualified plans are subject to the net investment income tax. How can i file 2010 taxes See the Instructions for Form 8960. How can i file 2010 taxes   For more information, see Figuring the Taxable Amount under Taxation of Nonperiodic Payments in Publication 575. How can i file 2010 taxes Lump-Sum Distributions This section on lump-sum distributions only applies if the plan participant was born before January 2, 1936. How can i file 2010 taxes If the plan participant was born after January 1, 1936, the taxable amount of this nonperiodic payment is reported as discussed earlier. How can i file 2010 taxes A lump-sum distribution is the distribution or payment in one tax year of a plan participant's entire balance from all of the employer's qualified plans of one kind (for example, pension, profit-sharing, or stock bonus plans). How can i file 2010 taxes A distribution from a nonqualified plan (such as a privately purchased commercial annuity or a section 457 deferred compensation plan of a state or local government or tax-exempt organization) cannot qualify as a lump-sum distribution. How can i file 2010 taxes The participant's entire balance from a plan does not include certain forfeited amounts. How can i file 2010 taxes It also does not include any deductible voluntary employee contributions allowed by the plan after 1981 and before 1987. How can i file 2010 taxes For more information about distributions that do not qualify as lump-sum distributions, see Distributions that do not qualify under Lump-Sum Distributions in Publication 575. How can i file 2010 taxes If you receive a lump-sum distribution from a qualified employee plan or qualified employee annuity and the plan participant was born before January 2, 1936, you may be able to elect optional methods of figuring the tax on the distribution. How can i file 2010 taxes The part from active participation in the plan before 1974 may qualify as capital gain subject to a 20% tax rate. How can i file 2010 taxes The part from participation after 1973 (and any part from participation before 1974 that you do not report as capital gain) is ordinary income. How can i file 2010 taxes You may be able to use the 10-year tax option, discussed later, to figure tax on the ordinary income part. How can i file 2010 taxes Use Form 4972 to figure the separate tax on a lump-sum distribution using the optional methods. How can i file 2010 taxes The tax figured on Form 4972 is added to the regular tax figured on your other income. How can i file 2010 taxes This may result in a smaller tax than you would pay by including the taxable amount of the distribution as ordinary income in figuring your regular tax. How can i file 2010 taxes How to treat the distribution. How can i file 2010 taxes   If you receive a lump-sum distribution, you may have the following options for how you treat the taxable part. How can i file 2010 taxes Report the part of the distribution from participation before 1974 as a capital gain (if you qualify) and the part from participation after 1973 as ordinary income. How can i file 2010 taxes Report the part of the distribution from participation before 1974 as a capital gain (if you qualify) and use the 10-year tax option to figure the tax on the part from participation after 1973 (if you qualify). How can i file 2010 taxes Use the 10-year tax option to figure the tax on the total taxable amount (if you qualify). How can i file 2010 taxes Roll over all or part of the distribution. How can i file 2010 taxes See Rollovers , later. How can i file 2010 taxes No tax is currently due on the part rolled over. How can i file 2010 taxes Report any part not rolled over as ordinary income. How can i file 2010 taxes Report the entire taxable part of the distribution as ordinary income on your tax return. How can i file 2010 taxes   The first three options are explained in the following discussions. How can i file 2010 taxes Electing optional lump-sum treatment. How can i file 2010 taxes   You can choose to use the 10-year tax option or capital gain treatment only once after 1986 for any plan participant. How can i file 2010 taxes If you make this choice, you cannot use either of these optional treatments for any future distributions for the participant. How can i file 2010 taxes Taxable and tax-free parts of the distribution. How can i file 2010 taxes    The taxable part of a lump-sum distribution is the employer's contributions and income earned on your account. How can i file 2010 taxes You may recover your cost in the lump sum and any net unrealized appreciation (NUA) in employer securities tax free. How can i file 2010 taxes Cost. How can i file 2010 taxes   In general, your cost is the total of: The plan participant's nondeductible contributions to the plan, The plan participant's taxable costs of any life insurance contract distributed, Any employer contributions that were taxable to the plan participant, and Repayments of any loans that were taxable to the plan participant. How can i file 2010 taxes You must reduce this cost by amounts previously distributed tax free. How can i file 2010 taxes Net unrealized appreciation (NUA). How can i file 2010 taxes   The NUA in employer securities (box 6 of Form 1099-R) received as part of a lump-sum distribution is generally tax free until you sell or exchange the securities. How can i file 2010 taxes (For more information, see Distributions of employer securities under Taxation of Nonperiodic Payments in Publication 575. How can i file 2010 taxes ) Capital Gain Treatment Capital gain treatment applies only to the taxable part of a lump-sum distribution resulting from participation in the plan before 1974. How can i file 2010 taxes The amount treated as capital gain is taxed at a 20% rate. How can i file 2010 taxes You can elect this treatment only once for any plan participant, and only if the plan participant was born before January 2, 1936. How can i file 2010 taxes Complete Part II of Form 4972 to choose the 20% capital gain election. How can i file 2010 taxes For more information, see Capital Gain Treatment under Lump-Sum Distributions in Publication 575. How can i file 2010 taxes 10-Year Tax Option The 10-year tax option is a special formula used to figure a separate tax on the ordinary income part of a lump-sum distribution. How can i file 2010 taxes You pay the tax only once, for the year in which you receive the distribution, not over the next 10 years. How can i file 2010 taxes You can elect this treatment only once for any plan participant, and only if the plan participant was born before January 2, 1936. How can i file 2010 taxes The ordinary income part of the distribution is the amount shown in box 2a of the Form 1099-R given to you by the payer, minus the amount, if any, shown in box 3. How can i file 2010 taxes You also can treat the capital gain part of the distribution (box 3 of Form 1099-R) as ordinary income for the 10-year tax option if you do not choose capital gain treatment for that part. How can i file 2010 taxes Complete Part III of Form 4972 to choose the 10-year tax option. How can i file 2010 taxes You must use the special Tax Rate Schedule shown in the instructions for Part III to figure the tax. How can i file 2010 taxes Publication 575 illustrates how to complete Form 4972 to figure the separate tax. How can i file 2010 taxes Rollovers If you withdraw cash or other assets from a qualified retirement plan in an eligible rollover distribution, you can defer tax on the distribution by rolling it over to another qualified retirement plan or a traditional IRA. How can i file 2010 taxes For this purpose, the following plans are qualified retirement plans. How can i file 2010 taxes A qualified employee plan. How can i file 2010 taxes A qualified employee annuity. How can i file 2010 taxes A tax-sheltered annuity plan (403(b) plan). How can i file 2010 taxes An eligible state or local government section 457 deferred compensation plan. How can i file 2010 taxes Eligible rollover distributions. How can i file 2010 taxes   Generally, an eligible rollover distribution is any distribution of all or any part of the balance to your credit in a qualified retirement plan. How can i file 2010 taxes For information about exceptions to eligible rollover distributions, see Publication 575. How can i file 2010 taxes Rollover of nontaxable amounts. How can i file 2010 taxes   You may be able to roll over the nontaxable part of a distribution (such as your after-tax contributions) made to another qualified retirement plan that is a qualified employee plan or a 403(b) plan, or to a traditional or Roth IRA. How can i file 2010 taxes The transfer must be made either through a direct rollover to a qualified plan or 403(b) plan that separately accounts for the taxable and nontaxable parts of the rollover or through a rollover to a traditional or Roth IRA. How can i file 2010 taxes   If you roll over only part of a distribution that includes both taxable and nontaxable amounts, the amount you roll over is treated as coming first from the taxable part of the distribution. How can i file 2010 taxes   Any after-tax contributions that you roll over into your traditional IRA become part of your basis (cost) in your IRAs. How can i file 2010 taxes To recover your basis when you take distributions from your IRA, you must complete Form 8606 for the year of the distribution. How can i file 2010 taxes For more information, see the Form 8606 instructions. How can i file 2010 taxes Direct rollover option. How can i file 2010 taxes   You can choose to have any part or all of an eligible rollover distribution paid directly to another qualified retirement plan that accepts rollover distributions or to a traditional or Roth IRA. How can i file 2010 taxes If you choose the direct rollover option, or have an automatic rollover, no tax will be withheld from any part of the distribution that is directly paid to the trustee of the other plan. How can i file 2010 taxes Payment to you option. How can i file 2010 taxes   If an eligible rollover distribution is paid to you, 20% generally will be withheld for income tax. How can i file 2010 taxes However, the full amount is treated as distributed to you even though you actually receive only 80%. How can i file 2010 taxes You generally must include in income any part (including the part withheld) that you do not roll over within 60 days to another qualified retirement plan or to a traditional or Roth IRA. How can i file 2010 taxes (See Pensions and Annuities under Tax Withholding for 2014 in chapter 4. How can i file 2010 taxes )    If you decide to roll over an amount equal to the distribution before withholding, your contribution to the new plan or IRA must include other money (for example, from savings or amounts borrowed) to replace the amount withheld. How can i file 2010 taxes Time for making rollover. How can i file 2010 taxes   You generally must complete the rollover of an eligible rollover distribution paid to you by the 60th day following the day on which you receive the distribution from your employer's plan. How can i file 2010 taxes (If an amount distributed to you becomes a frozen deposit in a financial institution during the 60-day period after you receive it, the rollover period is extended for the period during which the distribution is in a frozen deposit in a financial institution. How can i file 2010 taxes )   The IRS may waive the 60-day requirement where the failure to do so would be against equity or good conscience, such as in the event of a casualty, disaster, or other event beyond your reasonable control. How can i file 2010 taxes   The administrator of a qualified plan must give you a written explanation of your distribution options within a reasonable period of time before making an eligible rollover distribution. How can i file 2010 taxes Qualified domestic relations order (QDRO). How can i file 2010 taxes   You may be able to roll over tax free all or part of a distribution from a qualified retirement plan that you receive under a QDRO. How can i file 2010 taxes If you receive the distribution as an employee's spouse or former spouse (not as a nonspousal beneficiary), the rollover rules apply to you as if you were the employee. How can i file 2010 taxes You can roll over the distribution from the plan into a traditional IRA or to another eligible retirement plan. How can i file 2010 taxes See Rollovers in Publication 575 for more information on benefits received under a QDRO. How can i file 2010 taxes Rollover by surviving spouse. How can i file 2010 taxes   You may be able to roll over tax free all or part of a distribution from a qualified retirement plan you receive as the surviving spouse of a deceased employee. How can i file 2010 taxes The rollover rules apply to you as if you were the employee. How can i file 2010 taxes You can roll over a distribution into a qualified retirement plan or a traditional or Roth IRA. How can i file 2010 taxes For a rollover to a Roth IRA, see Rollovers to Roth IRAs , later. How can i file 2010 taxes    A distribution paid to a beneficiary other than the employee's surviving spouse is generally not an eligible rollover distribution. How can i file 2010 taxes However, see Rollovers by nonspouse beneficiary next. How can i file 2010 taxes Rollovers by nonspouse beneficiary. How can i file 2010 taxes   If you are a designated beneficiary (other than a surviving spouse) of a deceased employee, you may be able to roll over tax free all or a portion of a distribution you receive from an eligible retirement plan of the employee. How can i file 2010 taxes The distribution must be a direct trustee-to-trustee transfer to your traditional or Roth IRA that was set up to receive the distribution. How can i file 2010 taxes The transfer will be treated as an eligible rollover distribution and the receiving plan will be treated as an inherited IRA. How can i file 2010 taxes For information on inherited IRAs, see What if You Inherit an IRA? in chapter 1 of Publication 590, Individual Retirement Arrangements (IRAs). How can i file 2010 taxes Retirement bonds. How can i file 2010 taxes   If you redeem retirement bonds purchased under a qualified bond purchase plan, you can roll over the proceeds that exceed your basis tax free into an IRA (as discussed in Publication 590) or a qualified employer plan. How can i file 2010 taxes Designated Roth accounts. How can i file 2010 taxes   You can roll over an eligible rollover distribution from a designated Roth account into another designated Roth account or a Roth IRA. How can i file 2010 taxes If you want to roll over the part of the distribution that is not included in income, you must make a direct rollover of the entire distribution or you can roll over the entire amount (or any portion) to a Roth IRA. How can i file 2010 taxes For more information on rollovers from designated Roth accounts, see Rollovers in Publication 575. How can i file 2010 taxes In-plan rollovers to designated Roth accounts. How can i file 2010 taxes   If you are a plan participant in a 401(k), 403(b), or 457(b) plan, your plan may permit you to roll over amounts in those plans to a designated Roth account within the same plan. How can i file 2010 taxes The rollover of any untaxed amounts must be included in income. How can i file 2010 taxes See Designated Roth accounts under Rollovers in Publication 575 for more information. How can i file 2010 taxes Rollovers to Roth IRAs. How can i file 2010 taxes   You can roll over distributions directly from a qualified retirement plan (other than a designated Roth account) to a Roth IRA. How can i file 2010 taxes   You must include in your gross income distributions from a qualified retirement plan (other than a designated Roth account) that you would have had to include in income if you had not rolled them over into a Roth IRA. How can i file 2010 taxes You do not include in gross income any part of a distribution from a qualified retirement plan that is a return of contributions to the plan that were taxable to you when paid. How can i file 2010 taxes In addition, the 10% tax on early distributions does not apply. How can i file 2010 taxes More information. How can i file 2010 taxes   For more information on the rules for rolling over distributions, see Rollovers in Publication 575. How can i file 2010 taxes Special Additional Taxes To discourage the use of pension funds for purposes other than normal retirement, the law imposes additional taxes on early distributions of those funds and on failures to withdraw the funds timely. How can i file 2010 taxes Ordinarily, you will not be subject to these taxes if you roll over all early distributions you receive, as explained earlier, and begin drawing out the funds at a normal retirement age, in reasonable amounts over your life expectancy. How can i file 2010 taxes These special additional taxes are the taxes on: Early distributions, and Excess accumulation (not receiving minimum distributions). How can i file 2010 taxes These taxes are discussed in the following sections. How can i file 2010 taxes If you must pay either of these taxes, report them on Form 5329. How can i file 2010 taxes However, you do not have to file Form 5329 if you owe only the tax on early distributions and your Form 1099-R correctly shows a “1” in box 7. How can i file 2010 taxes Instead, enter 10% of the taxable part of the distribution on Form 1040, line 58 and write “No” under the heading “Other Taxes” to the left of line 58. How can i file 2010 taxes Even if you do not owe any of these taxes, you may have to complete Form 5329 and attach it to your Form 1040. How can i file 2010 taxes This applies if you meet an exception to the tax on early distributions but box 7 of your Form 1099-R does not indicate an exception. How can i file 2010 taxes Tax on Early Distributions Most distributions (both periodic and nonperiodic) from qualified retirement plans and nonqualified annuity contracts made to you before you reach age 59½ are subject to an additional tax of 10%. How can i file 2010 taxes This tax applies to the part of the distribution that you must include in gross income. How can i file 2010 taxes For this purpose, a qualified retirement plan is: A qualified employee plan, A qualified employee annuity plan, A tax-sheltered annuity plan, or An eligible state or local government section 457 deferred compensation plan (to the extent that any distribution is attributable to amounts the plan received in a direct transfer or rollover from one of the other plans listed here or an IRA). How can i file 2010 taxes 5% rate on certain early distributions from deferred annuity contracts. How can i file 2010 taxes   If an early withdrawal from a deferred annuity is otherwise subject to the 10% additional tax, a 5% rate may apply instead. How can i file 2010 taxes A 5% rate applies to distributions under a written election providing a specific schedule for the distribution of your interest in the contract if, as of March 1, 1986, you had begun receiving payments under the election. How can i file 2010 taxes On line 4 of Form 5329, multiply the line 3 amount by 5% instead of 10%. How can i file 2010 taxes Attach an explanation to your return. How can i file 2010 taxes Distributions from Roth IRAs allocable to a rollover from an eligible retirement plan within the 5-year period. How can i file 2010 taxes   If, within the 5-year period starting with the first day of your tax year in which you rolled over an amount from an eligible retirement plan to a Roth IRA, you take a distribution from the Roth IRA, you may have to pay the additional 10% tax on early distributions. How can i file 2010 taxes You generally must pay the 10% additional tax on any amount attributable to the part of the rollover that you had to include in income. How can i file 2010 taxes The additional tax is figured on Form 5329. How can i file 2010 taxes For more information, see Form 5329 and its instructions. How can i file 2010 taxes For information on qualified distributions from Roth IRAs, see Additional Tax on Early Distributions in chapter 2 of Publication 590. How can i file 2010 taxes Distributions from designated Roth accounts allocable to in-plan Roth rollovers within the 5-year period. How can i file 2010 taxes   If, within the 5-year period starting with the first day of your tax year in which you rolled over an amount from a 401(k), 403(b), or 457(b) plan to a designated Roth account, you take a distribution from the designated Roth account, you may have to pay the additional 10% tax on early distributions. How can i file 2010 taxes You generally must pay the 10% additional tax on any amount attributable to the part of the in-plan rollover that you had to include in income. How can i file 2010 taxes The additional tax is figured on Form 5329. How can i file 2010 taxes For more information, see Form 5329 and its instructions. How can i file 2010 taxes For information on qualified distributions from designated Roth accounts, see Designated Roth accounts under Taxation of Periodic Payments in Publication 575. How can i file 2010 taxes Exceptions to tax. How can i file 2010 taxes    Certain early distributions are excepted from the early distribution tax. How can i file 2010 taxes If the payer knows that an exception applies to your early distribution, distribution code “2,” “3,” or “4” should be shown in box 7 of your Form 1099-R and you do not have to report the distribution on Form 5329. How can i file 2010 taxes If an exception applies but distribution code “1” (early distribution, no known exception) is shown in box 7, you must file Form 5329. How can i file 2010 taxes Enter the taxable amount of the distribution shown in box 2a of your Form 1099-R on line 1 of Form 5329. How can i file 2010 taxes On line 2, enter the amount that can be excluded and the exception number shown in the Form 5329 instructions. How can i file 2010 taxes    If distribution code “1” is incorrectly shown on your Form 1099-R for a distribution received when you were age 59½ or older, include that distribution on Form 5329. How can i file 2010 taxes Enter exception number “12” on line 2. How can i file 2010 taxes General exceptions. How can i file 2010 taxes   The tax does not apply to distributions that are: Made as part of a series of substantially equal periodic payments (made at least annually) for your life (or life expectancy) or the joint lives (or joint life expectancies) of you and your designated beneficiary (if from a qualified retirement plan, the payments must begin after your separation from service), Made because you are totally and permanently disabled, or Made on or after the death of the plan participant or contract holder. How can i file 2010 taxes Additional exceptions for qualified retirement plans. How can i file 2010 taxes   The tax does not apply to distributions that are: From a qualified retirement plan (other than an IRA) after your separation from service in or after the year you reached age 55 (age 50 for qualified public safety employees), From a qualified retirement plan (other than an IRA) to an alternate payee under a qualified domestic relations order, From a qualified retirement plan to the extent you have deductible medical expenses that exceed 10% (or 7. How can i file 2010 taxes 5% if you or your spouse are age 65 or older) of your adjusted gross income, whether or not you itemize your deductions for the year, From an employer plan under a written election that provides a specific schedule for distribution of your entire interest if, as of March 1, 1986, you had separated from service and had begun receiving payments under the election, From an employee stock ownership plan for dividends on employer securities held by the plan, From a qualified retirement plan due to an IRS levy of the plan, From elective deferral accounts under 401(k) or 403(b) plans or similar arrangements that are qualified reservist distributions, or Phased retirement annuity payments made to federal employees. How can i file 2010 taxes See Pub. How can i file 2010 taxes 721 for more information on the phased retirement program. How can i file 2010 taxes Qualified public safety employees. How can i file 2010 taxes   If you are a qualified public safety employee, distributions made from a governmental defined benefit pension plan are not subject to the additional tax on early distributions. How can i file 2010 taxes You are a qualified public safety employee if you provide police protection, firefighting services, or emergency medical services for a state or municipality, and you separated from service in or after the year you attained age 50. How can i file 2010 taxes Qualified reservist distributions. How can i file 2010 taxes   A qualified reservist distribution is not subject to the additional tax on early distributions. How can i file 2010 taxes A qualified reservist distribution is a distribution (a) from elective deferrals under a section 401(k) or 403(b) plan, or a similar arrangement, (b) to an individual ordered or called to active duty (because he or she is a member of a reserve component) for a period of more than 179 days or for an indefinite period, and (c) made during the period beginning on the date of the order or call and ending at the close of the active duty period. How can i file 2010 taxes You must have been ordered or called to active duty after September 11, 2001. How can i file 2010 taxes For more information, see Qualified reservist distributions under Special Additional Taxes in Publication 575. How can i file 2010 taxes Additional exceptions for nonqualified annuity contracts. How can i file 2010 taxes   The tax does not apply to distributions from: A deferred annuity contract to the extent allocable to investment in the contract before August 14, 1982, A deferred annuity contract under a qualified personal injury settlement, A deferred annuity contract purchased by your employer upon termination of a qualified employee plan or qualified employee annuity plan and held by your employer until your separation from service, or An immediate annuity contract (a single premium contract providing substantially equal annuity payments that start within 1 year from the date of purchase and are paid at least annually). How can i file 2010 taxes Tax on Excess Accumulation To make sure that most of your retirement benefits are paid to you during your lifetime, rather than to your beneficiaries after your death, the payments that you receive from qualified retirement plans must begin no later than your required beginning date (defined later). How can i file 2010 taxes The payments each year cannot be less than the required minimum distribution. How can i file 2010 taxes Required distributions not made. How can i file 2010 taxes   If the actual distributions to you in any year are less than the minimum required distribution for that year, you are subject to an additional tax. How can i file 2010 taxes The tax equals 50% of the part of the required minimum distribution that was not distributed. How can i file 2010 taxes   For this purpose, a qualified retirement plan includes: A qualified employee plan, A qualified employee annuity plan, An eligible section 457 deferred compensation plan, or A tax-sheltered annuity plan (403(b) plan)(for benefits accruing after 1986). How can i file 2010 taxes Waiver. How can i file 2010 taxes   The tax may be waived if you establish that the shortfall in distributions was due to reasonable error and that reasonable steps are being taken to remedy the shortfall. How can i file 2010 taxes See the Instructions for Form 5329 for the procedure to follow if you believe you qualify for a waiver of this tax. How can i file 2010 taxes State insurer delinquency proceedings. How can i file 2010 taxes   You might not receive the minimum distribution because assets are invested in a contract issued by an insurance company in state insurer delinquency proceedings. How can i file 2010 taxes If your payments are reduced below the minimum due to these proceedings, you should contact your plan administrator. How can i file 2010 taxes Under certain conditions, you will not have to pay the 50% excise tax. How can i file 2010 taxes Required beginning date. How can i file 2010 taxes   Unless the rule for 5% owners applies, you generally must begin to receive distributions from your qualified retirement plan by April 1 of the year that follows the later of: The calendar year in which you reach age 70½, or The calendar year in which you retire from employment with the employer maintaining the plan. How can i file 2010 taxes However, your plan may require you to begin to receive distributions by April 1 of the year that follows the year in which you reach age 70½, even if you have not retired. How can i file 2010 taxes   If you reached age 70½ in 2013, you may be required to receive your first distribution by April 1, 2014. How can i file 2010 taxes Your required distribution then must be made for 2014 by December 31, 2014. How can i file 2010 taxes 5% owners. How can i file 2010 taxes   If you are a 5% owner, you must begin to receive distributions by April 1 of the year that follows the calendar year in which you reach age 70½. How can i file 2010 taxes   You are a 5% owner if, for the plan year ending in the calendar year in which you reach age 70½, you own (or are considered to own under section 318 of the Internal Revenue Code) more than 5% of the outstanding stock (or more than 5% of the total voting power of all stock) of the employer, or more than 5% of the capital or profits interest in the employer. How can i file 2010 taxes Age 70½. How can i file 2010 taxes   You reach age 70½ on the date that is 6 calendar months after the date of your 70th birthday. How can i file 2010 taxes   For example, if you are retired and your 70th birthday was on June 30, 2013, you were age 70½ on December 30, 2013. How can i file 2010 taxes If your 70th birthday was on July 1, 2013, you reached age 70½ on January 1, 2014. How can i file 2010 taxes Required distributions. How can i file 2010 taxes   By the required beginning date, as explained earlier, you must either: Receive your entire interest in the plan (for a tax-sheltered annuity, your entire benefit accruing after 1986), or Begin receiving periodic distributions in annual amounts calculated to distribute your entire interest (for a tax-sheltered annuity, your entire benefit accruing after 1986) over your life or life expectancy or over the joint lives or joint life expectancies of you and a designated beneficiary (or over a shorter period). How can i file 2010 taxes Additional information. How can i file 2010 taxes   For more information on this rule, see Tax on Excess Accumulation in Publication 575. How can i file 2010 taxes Form 5329. How can i file 2010 taxes   You must file Form 5329 if you owe tax because you did not receive a minimum required distribution from your qualified retirement plan. How can i file 2010 taxes Survivors and Beneficiaries Generally, a survivor or beneficiary reports pension or annuity income in the same way the plan participant would have. How can i file 2010 taxes However, some special rules apply. How can i file 2010 taxes See Publication 575 for more information. How can i file 2010 taxes Survivors of employees. How can i file 2010 taxes   If you are entitled to receive a survivor annuity on the death of an employee who died, you can exclude part of each annuity payment as a tax-free recovery of the employee's investment in the contract. How can i file 2010 taxes You must figure the taxable and tax-free parts of your annuity payments using the method that applies as if you were the employee. How can i file 2010 taxes Survivors of retirees. How can i file 2010 taxes   If you receive benefits as a survivor under a joint and survivor annuity, include those benefits in income in the same way the retiree would have included them in income. How can i file 2010 taxes If you receive a survivor annuity because of the death of a retiree who had reported the annuity under the Three-Year Rule and recovered all of the cost tax free, your survivor payments are fully taxable. How can i file 2010 taxes    If the retiree was reporting the annuity payments under the General Rule, you must apply the same exclusion percentage to your initial survivor annuity payment called for in the contract. How can i file 2010 taxes The resulting tax-free amount will then remain fixed. How can i file 2010 taxes Any increases in the survivor annuity are fully taxable. How can i file 2010 taxes    If the retiree was reporting the annuity payments under the Simplified Method, the part of each payment that is tax free is the same as the tax-free amount figured by the retiree at the annuity starting date. How can i file 2010 taxes This amount remains fixed even if the annuity payments are increased or decreased. How can i file 2010 taxes See Simplified Method , earlier. How can i file 2010 taxes   In any case, if the annuity starting date is after 1986, the total exclusion over the years cannot be more than the cost. How can i file 2010 taxes Estate tax deduction. How can i file 2010 taxes   If your annuity was a joint and survivor annuity that was included in the decedent's estate, an estate tax may have been paid on it. How can i file 2010 taxes You can deduct the part of the total estate tax that was based on the annuity. How can i file 2010 taxes The deceased annuitant must have died after the annuity starting date. How can i file 2010 taxes (For details, see section 1. How can i file 2010 taxes 691(d)-1 of the regulations. How can i file 2010 taxes ) Deduct it in equal amounts over your remaining life expectancy. How can i file 2010 taxes   If the decedent died before the annuity starting date of a deferred annuity contract and you receive a death benefit under that contract, the amount you receive (either in a lump sum or as periodic payments) in excess of the decedent's cost is included in your gross income as income in respect of a decedent for which you may be able to claim an estate tax deduction. How can i file 2010 taxes   You can take the estate tax deduction as an itemized deduction on Schedule A, Form 1040. How can i file 2010 taxes This deduction is not subject to the 2%-of-adjusted-gross-income limit on miscellaneous deductions. How can i file 2010 taxes See Publication 559, Survivors, Executors, and Administrators, for more information on the estate tax deduction. How can i file 2010 taxes Prev  Up  Next   Home   More Online Publications