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I Need A 1040x Form

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I Need A 1040x Form

I need a 1040x form 13. I need a 1040x form   Base de Bienes Table of Contents Introduction Useful Items - You may want to see: Base de CostoBienes Raíces Base AjustadaAumentos a la Base Disminuciones a la Base Base Distinta al CostoBienes Recibidos por Servicios Intercambios Sujetos a Impuestos Conversiones Involuntarias Intercambios no Sujetos a Impuestos Bienes Traspasados de un Cónyuge Bienes Recibidos como Donación Bienes Heredados Bienes de Uso Personal Cambiados a Uso Comercial o de Alquiler Acciones y Bonos Introduction Este capítulo explica cómo calcular la base de bienes. I need a 1040x form Se divide en las siguientes secciones: Base de costo. I need a 1040x form Base ajustada. I need a 1040x form Base distinta al costo. I need a 1040x form Su base es la cantidad de inversión en bienes para propósitos no sujetos a impuestos. I need a 1040x form Use la base para calcular las pérdidas o ganancias provenientes de la venta, intercambio u otra enajenación de bienes. I need a 1040x form Además, use la base para calcular las deducciones por depreciación, amortización, agotamiento y pérdidas fortuitas. I need a 1040x form Si usa bienes para propósitos tanto comerciales como de inversión y personales, tiene que distribuir la base de acuerdo con el uso. I need a 1040x form Sólo se puede depreciar la base asignada al uso comercial o de inversión de los bienes. I need a 1040x form Su base original de los bienes se ajusta (aumenta o disminuye) según ciertos hechos. I need a 1040x form Por ejemplo, si realiza mejoras a los bienes, aumente la base. I need a 1040x form Si hace deducciones por depreciación o pérdidas fortuitas, o reclama ciertos créditos, reduzca la base. I need a 1040x form Mantenga documentación precisa de todos los artículos que afecten la base de sus bienes. I need a 1040x form Para más información sobre cómo mantener dicha documentación, consulte el capítulo 1 . I need a 1040x form Useful Items - You may want to see: Publicación 15-B Employer's Tax Guide to Fringe Benefits (Guía tributaria sobre beneficios marginales para empleadores), en inglés 525 Taxable and Nontaxable Income (Ingresos sujetos a impuestos y no sujetos a impuestos), en inglés 535 Business Expenses (Gastos de negocio), en inglés 537 Installment Sales (Ventas a plazos), en inglés 544 Sales and Other Dispositions of Assets (Ventas y otras enajenaciones de activos), en inglés 550 Investment Income and Expenses (Ingresos y gastos de inversión), en inglés 551 Basis of Assets (Base de activos), en inglés 946 How To Depreciate Property (Cómo depreciar los bienes), en inglés Base de Costo La base de los bienes comprados normalmente es el costo de dichos bienes. I need a 1040x form El costo es la cantidad que usted paga en efectivo, obligaciones de deuda, otros bienes o servicios. I need a 1040x form Éste también puede incluir cantidades que paga por los siguientes artículos: Impuesto sobre ventas, Flete, Instalación y pruebas, Impuestos sobre artículos de uso y consumo, Honorarios legales y contables (cuando se tienen que capitalizar), Timbres de recaudación de impuestos, Costos de registro e Impuestos sobre bienes raíces (si usted los asume por el vendedor). I need a 1040x form Además, la base de activos de bienes raíces y de negocios puede incluir otros artículos. I need a 1040x form Préstamos con intereses bajos o sin intereses. I need a 1040x form    Si compra bienes con un plan de pago a plazos con bajos intereses o sin intereses, la base de los bienes es el precio de compra establecido menos las cantidades consideradas intereses no establecidos. I need a 1040x form Por lo general, se tienen intereses no establecidos si la tasa de interés es menor que la tasa federal correspondiente. I need a 1040x form   Para obtener más información, consulte Unstated Interest and Original Issue Discount (OID) (Intereses no establecidos y descuento de la emisión original (OID, por sus siglas en inglés)) en la Publicación 537, en inglés. I need a 1040x form Bienes Raíces Los bienes raíces, conocidos también como bienes inmuebles, consisten en tierra y, normalmente, todo lo que esté construido sobre esta tierra, lo que crezca en ella y todo lo instalado en ésta. I need a 1040x form Si compra bienes raíces, algunos honorarios y otros gastos que usted pague son parte de la base de costo de los bienes. I need a 1040x form Compra por suma global. I need a 1040x form   Si compra edificios junto con la tierra por una suma global, asigne la base del costo entre la tierra y los edificios. I need a 1040x form Asigne el costo según los valores justos de mercado (FMV, por sus siglas en inglés) respectivos de la tierra y los edificios al momento de la compra. I need a 1040x form Calcule la base de cada uno de los activos multiplicando la suma global por una fracción. I need a 1040x form El numerador es el valor justo de mercado de dicho activo y el denominador es el valor justo de mercado de los bienes en su totalidad al momento de la compra. I need a 1040x form    Si no está seguro del valor justo de mercado de la tierra y los edificios, puede asignar la base de dichos bienes conforme a sus valores tasados para propósitos del impuesto sobre bienes raíces. I need a 1040x form Valor justo de mercado (FMV). I need a 1040x form   El valor justo de mercado (FMV, por sus siglas en inglés) es el precio por el cual los bienes cambian de propietario entre un comprador y un vendedor, cuando ninguno tiene la obligación de comprar o vender y cuando ambos tienen conocimiento razonable de todo hecho necesario. I need a 1040x form Las ventas de bienes similares alrededor de la misma fecha pueden ser útiles para calcular el valor justo de mercado de los bienes. I need a 1040x form Asunción de hipoteca. I need a 1040x form   Si compra bienes y asume una hipoteca existente sobre los bienes (o si compra bienes sujetos a hipoteca), su base incluye la cantidad que paga por los bienes más la cantidad que se tiene que pagar sobre la hipoteca. I need a 1040x form Cargos de liquidación. I need a 1040x form   Su base incluye los cargos de liquidación y los costos de cierre que pagó por comprar los bienes. I need a 1040x form Un cargo por comprar bienes es un costo que se tiene que pagar aun si compra los bienes en efectivo. I need a 1040x form No incluya en su base cargos ni costos por obtener un préstamo sobre los bienes. I need a 1040x form   Los siguientes son algunos de los cargos por liquidación o costos de cierre que puede incluir en la base de los bienes: Cargos por investigación del título de propiedad. I need a 1040x form Cargos por conexión de servicios públicos. I need a 1040x form Cargos por trámites legales (incluyendo cargos por la búsqueda del título y la preparación del contrato de compraventa y la escritura). I need a 1040x form Costos de registro. I need a 1040x form Cargos por estudios topográficos. I need a 1040x form Impuestos de traspaso. I need a 1040x form Seguro de título de la propiedad. I need a 1040x form Cantidades que adeuda el vendedor y que usted acuerda pagar, como impuestos o intereses atrasados, costos de registro y cargos hipotecarios, cargos por mejoras o reparaciones y comisiones por ventas. I need a 1040x form   Los costos de liquidación no incluyen cantidades puestas en depósito para el pago futuro de gastos como impuestos y seguro. I need a 1040x form   Los siguientes son algunos de los cargos por liquidación y costos de cierre que no puede incluir en la base de los bienes: Primas de un seguro contra hechos fortuitos. I need a 1040x form Alquiler por ocupación de la propiedad antes del cierre. I need a 1040x form Cargos por servicios públicos u otros servicios relacionados con la ocupación de la propiedad antes del cierre. I need a 1040x form Cargos relacionados con la obtención de un préstamo, tales como puntos (puntos de descuento, costos originarios del préstamo), primas de seguro hipotecario, cargos por asunción del préstamo, costo de un informe de crédito y cargos por una tasación que sea requisito del prestamista. I need a 1040x form Cargos por refinanciamiento de una hipoteca. I need a 1040x form Impuestos sobre bienes raíces. I need a 1040x form   Si paga los impuestos sobre bienes raíces que el vendedor adeudaba sobre los bienes raíces que usted compró y el vendedor no se los reembolsa, considere estos impuestos como parte de su base. I need a 1040x form No puede deducirlos como gasto. I need a 1040x form    Si le reembolsa al vendedor los impuestos que éste pagó por usted, normalmente puede deducir la cantidad como gasto en el año de la compra. I need a 1040x form No incluya esta cantidad en la base de bienes. I need a 1040x form Si no se los reembolsa al vendedor, tiene que restar esos impuestos de su base. I need a 1040x form Puntos. I need a 1040x form   Si paga puntos para obtener un préstamo (incluyendo una hipoteca, una segunda hipoteca, una línea de crédito o un préstamo sobre el valor neto de la vivienda), no sume los puntos a la base de los bienes correspondientes. I need a 1040x form Normalmente, los puntos se deducen a lo largo del plazo del préstamo. I need a 1040x form Para más información sobre cómo deducir puntos, consulte el capítulo 23 . I need a 1040x form Puntos de hipoteca de vivienda. I need a 1040x form   Le pueden corresponder reglas especiales sobre los puntos que usted y el vendedor paguen cuando usted obtenga una hipoteca para comprar su vivienda principal. I need a 1040x form Si se cumplen ciertos requisitos, puede deducir los puntos en su totalidad para el año en que se pagaron. I need a 1040x form Reduzca la base de su vivienda por los puntos que pagó el vendedor. I need a 1040x form Base Ajustada Antes de calcular las pérdidas o ganancias de una venta, intercambio u otra enajenación de bienes o de calcular la depreciación, agotamiento o amortización permisibles, por regla general, tiene que realizar ciertos ajustes (aumentos o disminuciones) a la base del costo o base distinta al costo (explicadas más adelante) de los bienes. I need a 1040x form El resultado de estos ajustes a la base es la base ajustada. I need a 1040x form Aumentos a la Base Aumente la base de los bienes por todos los artículos correctamente sumados a una cuenta de capital. I need a 1040x form Ejemplos de artículos que aumentan la base se encuentran en la Tabla 13-1. I need a 1040x form Algunos de estos artículos se explican a continuación. I need a 1040x form Mejoras. I need a 1040x form   Sume a su base de los bienes el costo de las mejoras que tengan vida útil de más de 1 año, si éstas aumentan el valor de los bienes, prolongan su vida útil o los adaptan para un uso diferente. I need a 1040x form Por ejemplo, las mejoras incluyen la instalación de una sala de recreación en un sótano no terminado, la construcción de un baño o dormitorio adicional, la colocación de una cerca, la instalación de nueva plomería o cableado, la instalación de un nuevo tejado o la pavimentación de la entrada de autos. I need a 1040x form Gravámenes por mejoras locales. I need a 1040x form   Sume a la base de los bienes los cargos por mejoras como calles y aceras o banquetas, si éstas aumentan el valor de los bienes. I need a 1040x form No deduzca dichos cargos como impuestos. I need a 1040x form Sin embargo, puede deducir como impuestos los cargos por mantenimiento, reparaciones o cargos de intereses relacionados con las mejoras. I need a 1040x form Ejemplo. I need a 1040x form El ayuntamiento transforma la calle ubicada frente a su tienda en un paseo peatonal y le tasa un gravamen a la propiedad de usted y a las de otros propietarios afectados por el costo del cambio de la calle. I need a 1040x form Sume dicho cargo a la base de sus bienes. I need a 1040x form En este ejemplo, el cargo es un activo depreciable. I need a 1040x form Disminuciones a la Base Reduzca la base de bienes por todo lo que represente un rendimiento de capital en el período durante el cual tuvo los bienes. I need a 1040x form Los ejemplos de artículos que reducen la base se encuentran en la Tabla 13-1. I need a 1040x form Algunos de estos artículos se explican a continuación. I need a 1040x form Tabla 13-1. I need a 1040x form Ejemplos de Ajustes a la Base Aumentos a la Base Disminuciones a la Base • Mejoras de capital: • Exclusión en los ingresos de subsidios  por sistemas de ahorro de energía   Ampliación de la vivienda     Instalación de un tejado completo     Pavimentación de la entrada de autos • Deducciones por pérdidas fortuitas o  por robo y reembolsos de seguros   Instalación de aire acondicionado central     Cambio del cableado en la vivienda         • Gravámenes por mejoras locales: • Ganancia aplazada de la venta de una  vivienda   Conexiones de agua     Extensión de cables de servicios públicos   hasta la propiedad • Crédito por vehículos con motor  alternativo (Formulario 8910)   Banquetas o aceras     Calles       • Crédito por bienes para recargar  vehículos de combustible alternativo   (Formulario 8911)             • Pérdidas por hechos fortuitos:  Restauración de bienes dañados   • Créditos por energía eficaz  residencial (Formulario 5695)         • Depreciación y deducción conforme a  la sección 179       • Honorarios legales: • Distribuciones de sociedades  anónimas no sujetos a impuestos   Costo de defender y perfeccionar un título   de propiedad     Honorarios por obtener la reducción de un   gravamen del ayuntamiento • Determinadas deudas canceladas  excluidas de los ingresos       • Costos de zonificación • Servidumbres (derechos de acceso  a la propiedad)         • Beneficios tributarios por adopción Pérdidas por hecho fortuito y robo. I need a 1040x form   Si tiene pérdidas por hecho fortuito o por robo, reste de la base de los bienes el dinero del seguro u otros reembolsos y las pérdidas deducibles no cubiertas por el seguro. I need a 1040x form    Tiene que aumentar la base de los bienes por la cantidad que gaste en reparaciones que restauren los bienes a su condición previa al hecho fortuito. I need a 1040x form   Para obtener más información acerca de las pérdidas fortuitas y por robo, consulte el capítulo 25 . I need a 1040x form Depreciación y deducción conforme a la sección 179. I need a 1040x form   Reste de la base de la propiedad comercial calificada las deducciones que haya declarado conforme a la sección 179 y la depreciación que haya deducido, o pudo haber deducido (incluyendo todo descuento especial por depreciación), en la declaración de impuestos según el método de depreciación que seleccionó. I need a 1040x form   Para obtener más información acerca de la depreciación y la deducción conforme a la sección 179, consulte la Publicación 946 y las Instrucciones del Formulario 4562, ambas en inglés. I need a 1040x form Ejemplo. I need a 1040x form Usted fue propietario de un dúplex usado como vivienda de alquiler que le costó $40,000, de los cuales $35,000 fueron asignados al edificio y $5,000 al terreno. I need a 1040x form Hizo una ampliación al dúplex que costó $10,000. I need a 1040x form En febrero del año pasado, el dúplex sufrió daños por un incendio. I need a 1040x form Hasta ese momento, usted había descontado una depreciación de $23,000. I need a 1040x form Vendió algunos materiales rescatados del siniestro por $1,300 y cobró $19,700 de la compañía de seguros. I need a 1040x form Dedujo una pérdida fortuita de $1,000 en su declaración de impuestos sobre el ingreso del año pasado. I need a 1040x form Gastó $19,000 del dinero del seguro para la restauración del dúplex, que se completó este año. I need a 1040x form Tiene que usar la base ajustada del dúplex después de la restauración para determinar la depreciación para el resto del período de recuperación de la propiedad. I need a 1040x form Calcule la base ajustada del dúplex de la siguiente manera: Costo original del dúplex $35,000 Ampliación hecha al dúplex 10,000 Costo total del dúplex $45,000 Menos: Depreciación 23,000 Base ajustada antes del hecho fortuito $22,000 Menos: Dinero del seguro $19,700     Pérdida fortuita deducida 1,000     Materiales rescatados 1,300 22,000 Base ajustada después del hecho fortuito $-0- Sume: Costo de restauración del dúplex 19,000 Base ajustada después de la restauración $19,000 Nota: La base del terreno es el costo original de $5,000. I need a 1040x form Servidumbres (derechos de acceso a la propiedad). I need a 1040x form   La cantidad recibida por otorgar una servidumbre normalmente se considera ganancia de la venta de una participación en bienes raíces. I need a 1040x form Esto reduce la base de la parte afectada de los bienes. I need a 1040x form Si la cantidad recibida es mayor que la base de la parte de la propiedad afectada por la servidumbre, reduzca su base de esa parte a cero y considere el remanente como una ganancia reconocida. I need a 1040x form   Si la ganancia es sobre bienes de capital, consulte el capítulo 16 para obtener más información acerca de cómo declararla. I need a 1040x form Si la ganancia es sobre bienes usados en una ocupación o negocio, consulte la Publicación 544, en inglés, para obtener información acerca de cómo declararla. I need a 1040x form Exclusión de subsidios por sistemas de ahorro de energía. I need a 1040x form   Puede excluir del ingreso bruto todo subsidio recibido de una compañía de servicios públicos por la compra o instalación de un sistema de ahorro de energía para una vivienda. I need a 1040x form De la base de los bienes para los cuales recibió el subsidio, reste la cantidad excluida. I need a 1040x form Para obtener más información acerca de este subsidio, consulte el capítulo 12 . I need a 1040x form Ganancia aplazada de la venta de una vivienda. I need a 1040x form    Si aplazó la ganancia de la venta de su vivienda principal según las reglas en vigencia antes del 7 de mayo de 1997, tiene que restar la ganancia aplazada de la base de la vivienda que adquirió como reposición. I need a 1040x form Para obtener más información acerca de las reglas sobre la venta de una vivienda, vea el capítulo 15 . I need a 1040x form Base Distinta al Costo En muchas ocasiones, no puede usar el costo como base. I need a 1040x form En estos casos, se puede usar el valor justo de mercado o la base ajustada de los bienes. I need a 1040x form El valor justo de mercado y la base ajustada se explican en secciones anteriores. I need a 1040x form Bienes Recibidos por Servicios Si recibe bienes por sus servicios, incluya el valor justo de mercado de dichos bienes en los ingresos. I need a 1040x form La cantidad que incluye en los ingresos es la base. I need a 1040x form Si los servicios se prestaron por un precio acordado con anticipación, éste se aceptará como el valor justo de mercado de los bienes si no existen pruebas de lo contrario. I need a 1040x form Bienes restringidos. I need a 1040x form   Si recibe bienes por sus servicios y los bienes están sujetos a ciertas restricciones, la base de los bienes es el valor justo de mercado en el momento en que estén sustancialmente establecidos sus derechos a dichos bienes. I need a 1040x form Sin embargo, esta regla no corresponde si elige incluir en los ingresos el valor justo de mercado de los bienes en el momento en que se le traspasen dichos bienes, menos la cantidad que pagó por éstos. I need a 1040x form Su derecho sobre esos bienes están sustancialmente establecidos cuando dichos bienes se pueden traspasar o cuando no están sujetos a un riesgo importante de pérdida (es decir, usted tiene pocas probabilidades de perderlos). I need a 1040x form Para obtener más información, consulte Restricted Property (Bienes restringidos) en la Publicación 525, en inglés. I need a 1040x form Compra por valor inferior. I need a 1040x form   Una compra por valor inferior es una compra de un artículo por un valor menor que su valor justo de mercado. I need a 1040x form Si, como compensación por servicios, compra productos u otros bienes por un valor menor al valor justo de mercado, incluya en su ingreso la diferencia entre el precio de compra y el valor justo de mercado de los bienes. I need a 1040x form La base de los bienes es el valor justo de mercado (precio de compra más la cantidad que se incluye en los ingresos). I need a 1040x form   Si la diferencia entre el precio de compra y el valor justo de mercado es un descuento al empleado, no incluya la diferencia en los ingresos. I need a 1040x form Sin embargo, la base de los bienes sigue siendo el valor justo de mercado. I need a 1040x form Consulte Employee Discounts (Descuentos del empleado) en la Publicación 15-B, en inglés. I need a 1040x form Intercambios Sujetos a Impuestos Un intercambio sujeto a impuestos es aquel intercambio en el que la ganancia está sujeta a impuestos o la pérdida es deducible. I need a 1040x form Una ganancia sujeta a impuestos o pérdida deducible también se conoce como ganancia o pérdida reconocida. I need a 1040x form Si recibe bienes como intercambio por otros bienes a través de un intercambio sujeto a impuestos, normalmente la base de los bienes que recibe es el valor justo de mercado al momento del intercambio. I need a 1040x form Conversiones Involuntarias Si recibe bienes de reposición como resultado de una conversión involuntaria, tal como un hecho fortuito, robo o expropiación forzosa, calcule la base de los bienes de reposición usando la base de los bienes convertidos. I need a 1040x form Bienes similares o afines. I need a 1040x form   Si recibe bienes de reposición similares o afines en servicio o uso a los bienes convertidos, la base de los bienes de reposición es la misma que la base de los bienes convertidos en la fecha de la conversión, con los siguientes ajustes: Reduzca la base por lo siguiente: Toda pérdida que reconozca en la conversión involuntaria. I need a 1040x form Todo dinero que reciba y que no gaste en bienes afines. I need a 1040x form Aumente la base por lo siguiente: Toda ganancia que reconozca en la conversión involuntaria. I need a 1040x form Todo costo de adquisición de los bienes de reposición. I need a 1040x form Dinero o bienes no similares ni afines. I need a 1040x form    Si recibe dinero o bienes no similares o no afines en servicio o uso a los bienes convertidos y compra bienes de reposición similares o afines en servicio o uso a los bienes convertidos, la base de los bienes de reposición es el costo menos la ganancia no reconocida en la conversión. I need a 1040x form Ejemplo. I need a 1040x form El estado expropió sus bienes. I need a 1040x form La base ajustada de los bienes era $26,000 y el estado le pagó $31,000 por éstos. I need a 1040x form Usted obtuvo una ganancia de $5,000 ($31,000 − $26,000). I need a 1040x form Por $29,000 compró bienes de reposición similares en uso a los bienes convertidos. I need a 1040x form Obtiene una ganancia de $2,000 ($31,000 − $29,000), la parte no gastada del pago que recibió del estado. I need a 1040x form Su ganancia no reconocida es $3,000, la diferencia entre los $5,000 de ganancia obtenida y los $2,000 de ganancia reconocida. I need a 1040x form La base de los bienes de reposición se calcula de la siguiente manera: Costo de los bienes de reposición $29,000 Menos: Ganancia no reconocida 3,000 Base de los bienes de reposición $26,000 Cómo distribuir la base. I need a 1040x form   Si compra más de una propiedad de reposición, distribuya la base entre los bienes de acuerdo con los costos respectivos. I need a 1040x form Base de depreciación. I need a 1040x form   Hay reglas especiales para determinar y depreciar la base de los bienes MACRS (Sistema modificado de recuperación acelerada de costos) adquiridos en una conversión involuntaria. I need a 1040x form Para información, vea What Is the Basis of Your Depreciable Property? (¿Cuál es la base de los bienes depreciables?), en el capítulo 1 de la Publicación 946, en inglés. I need a 1040x form Intercambios no Sujetos a Impuestos Un intercambio no sujeto a impuestos es aquel intercambio en el que no se gravan las ganancias y no se pueden deducir las pérdidas. I need a 1040x form Si recibe bienes por intercambio no sujetos a impuestos, normalmente la base es la misma que la base de los bienes que traspasó. I need a 1040x form Consulte Canjes no Sujetos a Impuestos en el capítulo 14. I need a 1040x form Intercambios de Bienes del Mismo Tipo El intercambio de bienes del mismo tipo es la clase más común de intercambio no sujeto a impuestos. I need a 1040x form Para considerarse intercambio de bienes del mismo tipo, tanto los bienes canjeados como los bienes recibidos tienen que ser los siguientes: Bienes calificados. I need a 1040x form Bienes del mismo tipo. I need a 1040x form La base de los bienes que recibe normalmente es la misma que la base ajustada de los bienes que traspase. I need a 1040x form Si canjea los bienes en un intercambio de bienes del mismo tipo y también paga dinero, la base de los bienes recibidos es la base ajustada de los bienes que entregó más el dinero que pagó. I need a 1040x form Bienes calificados. I need a 1040x form   En un intercambio de bienes del mismo tipo, tiene que mantener para inversión o uso productivo en su ocupación o negocio tanto los bienes que traspase como los bienes que reciba. I need a 1040x form Bienes del mismo tipo. I need a 1040x form   Tiene que haber un intercambio de bienes del mismo tipo. I need a 1040x form Los bienes del mismo tipo son bienes de la misma naturaleza o carácter, aun si son de grado o calidad diferente. I need a 1040x form El intercambio de bienes raíces por bienes raíces, o de bienes muebles por bienes muebles similares, es un intercambio de bienes del mismo tipo. I need a 1040x form Ejemplo. I need a 1040x form Usted canjea un camión viejo que usó en su negocio con una base ajustada de $1,700 por un camión nuevo que tiene un costo de $6,800. I need a 1040x form El concesionario le hace un descuento de $2,000 por el camión viejo y usted paga $4,800. I need a 1040x form Esto es un ejemplo de un intercambio de bienes del mismo tipo. I need a 1040x form La base del camión nuevo es $6,500 (la base ajustada del camión viejo, $1,700, más la cantidad que pagó, $4,800). I need a 1040x form Si vende el camión viejo a un tercero por $2,000, en lugar de hacer un canje y luego comprar un camión nuevo a un concesionario, usted tiene una ganancia sujeta a impuestos de $300 sobre la venta (el precio de venta de $2,000 menos la base ajustada de $1,700). I need a 1040x form La base del camión nuevo es el precio que paga al concesionario. I need a 1040x form Intercambios parcialmente no sujetos a impuestos. I need a 1040x form   Un intercambio parcialmente no sujeto a impuestos es un intercambio en el que usted recibe bienes que no son del mismo tipo o dinero, además de bienes del mismo tipo. I need a 1040x form La base de los bienes que recibe es igual a la base ajustada total de los bienes que traspasó, con los siguientes ajustes: Reduzca la base por lo siguiente: Todo el dinero que reciba. I need a 1040x form Todas las pérdidas que reconozca en el intercambio. I need a 1040x form Aumente la base por lo siguiente: Todos los costos adicionales en los que incurra. I need a 1040x form Todas las ganancias que reconozca en el intercambio. I need a 1040x form Si la otra parte implicada en el intercambio asume las deudas que le pertenecen a usted, trate la asunción de deuda como dinero que usted recibió en el intercambio. I need a 1040x form Asignación de la base. I need a 1040x form   Si recibe tanto bienes del mismo tipo como bienes que no son del mismo tipo en el intercambio, asigne la base primero a los bienes que no sean del mismo tipo, excepto dinero, hasta su valor justo de mercado en la fecha del intercambio. I need a 1040x form El resto es la base de los bienes del mismo tipo. I need a 1040x form Información adicional. I need a 1040x form   Para obtener más información, consulte Like-Kind Exchanges (Intercambios de bienes del mismo tipo) en el capítulo 1 de la Publicación 544, en inglés. I need a 1040x form Base de depreciación. I need a 1040x form   Hay reglas especiales para determinar y depreciar la base de los bienes MACRS adquiridos en un intercambio de bienes del mismo tipo. I need a 1040x form Para información, vea What Is the Basis of Your Depreciable Property? (¿Cuál es la base de los bienes depreciables?), en el capítulo 1 de la Publicación 946, en inglés. I need a 1040x form Bienes Traspasados de un Cónyuge La base de los bienes traspasados a usted o traspasados en fideicomiso para su beneficio por su cónyuge es la misma base que la base ajustada de su cónyuge. I need a 1040x form Se aplica la misma regla a un traspaso efectuado por su ex cónyuge en relación con su divorcio. I need a 1040x form Sin embargo, para bienes traspasados en fideicomiso, ajuste la base según las ganancias reconocidas por su cónyuge o ex cónyuge si las obligaciones asumidas, más las obligaciones a las que están sujetos los bienes, son mayores que la base ajustada de los bienes traspasados. I need a 1040x form Si los bienes que le son traspasados son bonos de ahorros estadounidenses de la serie E, serie EE o serie I, el cesionario tiene que incluir en el ingreso los intereses devengados a la fecha del traspaso. I need a 1040x form Su base en los bonos, inmediatamente después del traspaso, es igual a la base del cesionario más el ingreso de intereses que se pueda incluir en el ingreso del cesionario. I need a 1040x form Para obtener más información acerca de estos bonos, consulte el capítulo 7 . I need a 1040x form Al momento del traspaso, el cesionario tiene que entregarle la documentación necesaria para determinar la base ajustada y el período de tenencia de los bienes a partir de la fecha de traspaso. I need a 1040x form Para obtener más información acerca del traspaso de bienes de un cónyuge, consulte el capítulo 14 . I need a 1040x form Bienes Recibidos como Donación Para calcular la base de una propiedad recibida como donación, tiene que conocer la base ajustada del donante justo antes de la donación, el valor justo de mercado de esta propiedad al momento en que se dona y los impuestos sobre donaciones pagados por dicha propiedad. I need a 1040x form Valor justo de mercado menor que la base ajustada del donante. I need a 1040x form   Si el valor justo de mercado de los bienes al momento de la donación es menor que la base ajustada del donante, la base depende de si usted tiene ganancias o pérdidas cuando enajene los bienes. I need a 1040x form Su base para calcular ganancias es la misma que la base ajustada del donante más o menos los ajustes requeridos a la base mientras usted tenía los bienes. I need a 1040x form Su base para calcular pérdidas es el valor justo de mercado cuando recibió la donación más o menos los ajustes requeridos a la base mientras usted tenía los bienes. I need a 1040x form Vea Base Ajustada , anteriormente. I need a 1040x form Ejemplo. I need a 1040x form Usted recibió un acre de terreno como donación. I need a 1040x form Al momento de la donación, el terreno tenía un valor justo de mercado de $8,000. I need a 1040x form La base ajustada del donante era $10,000. I need a 1040x form Después de recibir los bienes, no sucedió nada que aumentara ni disminuyera la base de los mismos. I need a 1040x form Si posteriormente usted vende los bienes por $12,000, tendrá una ganancia de $2,000 porque tiene que usar la base ajustada del donante al momento de la donación ($10,000) como base para calcular la ganancia. I need a 1040x form Si vende los bienes por $7,000, tendrá una pérdida de $1,000 porque tiene que usar el valor justo de mercado al momento de la donación ($8,000) como base para calcular la pérdida. I need a 1040x form Si el precio de venta está entre $8,000 y $10,000, no tiene ganancias ni pérdidas. I need a 1040x form Bienes comerciales. I need a 1040x form   Si mantiene la donación como bienes comerciales, su base para calcular deducciones por depreciación, agotamiento o amortización es la misma que la base del donante más o menos los ajustes requeridos a la base mientras usted tiene los bienes. I need a 1040x form Valor justo de mercado igual o mayor que la base ajustada del donante. I need a 1040x form   Si el valor justo de mercado de los bienes es igual o mayor que la base ajustada del donante, la base es la base ajustada del donante al momento en que usted recibió la donación. I need a 1040x form Aumente la base por la totalidad o parte de los impuestos sobre donaciones pagados, según la fecha de donación, como se explica más adelante. I need a 1040x form   Además, para calcular las pérdidas o ganancias de una venta u otra enajenación o para calcular deducciones por depreciación, agotamiento o amortización sobre bienes comerciales, tiene que aumentar o reducir la base (la base ajustada del donante) por los ajustes requeridos a la base mientras usted tuvo los bienes. I need a 1040x form Vea Base Ajustada , anteriormente. I need a 1040x form   Si recibió una donación durante el año tributario, aumente la base de la donación (la base ajustada del donante) por la parte del impuesto sobre donaciones pagado sobre esta donación debido al aumento neto en valor de la donación. I need a 1040x form Calcule el aumento multiplicando el impuesto pagado sobre la donación por la siguiente fracción. I need a 1040x form El numerador de la fracción es el aumento neto del valor de la donación y el denominador es la cantidad de la donación. I need a 1040x form   El aumento neto del valor de la donación es el valor justo de mercado de la donación menos la base ajustada del donante. I need a 1040x form La cantidad de la donación es el valor para fines del impuesto sobre la donación después de haber sido reducida por toda exclusión anual y deducción conyugal o caritativa que corresponda a la donación. I need a 1040x form Ejemplo. I need a 1040x form En el año 2013, usted recibió una donación de bienes de su madre que tenía un valor justo de mercado de $50,000. I need a 1040x form La base ajustada de su madre era $20,000. I need a 1040x form La cantidad de la donación para propósitos del impuesto sobre donaciones era $36,000 ($50,000 menos la exclusión anual de $14,000). I need a 1040x form Su madre pagó un impuesto sobre donaciones de $7,320 sobre los bienes. I need a 1040x form La base de usted es $26,076, calculada de la siguiente manera: Valor justo de mercado. I need a 1040x form $50,000 Menos: Base ajustada −20,000 Aumento neto en valor $30,000     Impuesto sobre la donación pagado $7,320 Multiplicado por ($30,000 ÷ $36,000) × 0. I need a 1040x form 83 Impuesto sobre la donación debido al aumento neto en valor $6,076 Base ajustada de los bienes para su madre +20,000 La base de los bienes para usted $26,076 Nota: Si recibió una donación antes de 1977, la base de la donación para usted (la base ajustada del donante) incluye todos los impuestos sobre donaciones pagados sobre ésta. I need a 1040x form Sin embargo, la base no puede ser mayor que el valor justo de mercado de la donación al momento en que se le dio a usted. I need a 1040x form Bienes Heredados Su base en bienes heredados de un difunto que falleció antes del 1 de enero de 2010 o después del 31 de diciembre de 2010, es normalmente uno de los siguientes: El valor justo de mercado de los bienes en la fecha de muerte del difunto. I need a 1040x form El valor justo de mercado en la fecha de valuación alternativa si el representante personal del caudal hereditario elige usar una valuación alternativa. I need a 1040x form El valor según el método de valuación de uso especial para bienes raíces usados en actividades agrícolas o en el ejercicio de un negocio estrechamente controlado por pocos accionistas si se elige para propósitos del impuesto sobre la herencia. I need a 1040x form La base ajustada del terreno del difunto hasta el valor excluido de la herencia sujeto a impuestos del difunto como una servidumbre de conservación calificada. I need a 1040x form Si no hay que presentar una declaración del impuesto federal sobre la herencia, la base de los bienes heredados es el valor tasado en la fecha de fallecimiento para los impuestos estatales sobre la herencia o la transmisión. I need a 1040x form Para obtener más información, consulte las Instrucciones del Formulario 706, United States Estate (and Generation-Skipping Transfer) Tax Return (Declaración del impuesto sobre el patrimonio (y transferencia con salto de generación) de los Estados Unidos), en inglés. I need a 1040x form Bienes heredados de un difunto que falleció en 2010. I need a 1040x form   Si heredó bienes de un difunto que falleció en 2010, pueden aplicarse requisitos especiales. I need a 1040x form Para más información, vea la Publicación 4895, Tax Treatment of Property Acquired From a Decedent Dying in 2010 (Trato tributario de bienes adquiridos de un difunto que falleció en 2010), en inglés. I need a 1040x form Bienes gananciales. I need a 1040x form   En las jurisdicciones donde rigen las leyes de la comunidad de bienes gananciales (Arizona, California, Idaho, Louisiana, Nevada, New Mexico, Texas, Washington y Wisconsin), se considera generalmente que cada cónyuge posee la mitad de los bienes gananciales. I need a 1040x form Al fallecer cualquiera de los cónyuges, el total del valor de los bienes gananciales, aún la parte que le pertenece al cónyuge sobreviviente, normalmente se convierte en la base de la totalidad de los bienes. I need a 1040x form Para que esta regla corresponda, por lo menos la mitad del valor de los bienes gananciales tiene que poderse incluir en el patrimonio bruto del difunto, independientemente de si se tiene que presentar o no una declaración sobre la herencia. I need a 1040x form Ejemplo. I need a 1040x form   Usted y su cónyuge tenían bienes gananciales cuya base era $80,000. I need a 1040x form Cuando su cónyuge falleció, la mitad del valor justo de mercado de los bienes gananciales era incluible en el patrimonio de su cónyuge. I need a 1040x form El valor justo de mercado de los intereses de los bienes gananciales era $100,000. I need a 1040x form La base de su mitad de los bienes después de la muerte de su cónyuge es $50,000 (la mitad del valor justo de mercado de $100,000). I need a 1040x form La base de la otra mitad que se pasa a los herederos de su cónyuge también es $50,000. I need a 1040x form   Para más información, vea la Publicación 555, Community Property (Comunidad de bienes gananciales), en inglés. I need a 1040x form Bienes de Uso Personal Cambiados a Uso Comercial o de Alquiler Si tiene bienes para uso personal y luego los cambia a uso comercial o los usa para producir ingresos de alquiler, puede empezar a depreciar dichos bienes al momento del cambio. I need a 1040x form Para hacerlo, tiene que calcular la base para propósitos de depreciación al momento del cambio. I need a 1040x form Un ejemplo de un cambio de bienes de uso personal a uso comercial o de alquiler sería alquilar su antigua vivienda personal. I need a 1040x form Base para propósitos de depreciación. I need a 1040x form   La base para depreciación es la menor de las siguientes cantidades: El valor justo de mercado de los bienes en la fecha del cambio. I need a 1040x form La base ajustada en la fecha del cambio. I need a 1040x form Ejemplo. I need a 1040x form Hace varios años, usted pagó $160,000 por construir su casa en un terreno que costó $25,000. I need a 1040x form Pagó $20,000 por mejoras permanentes a la vivienda y declaró una deducción por pérdidas fortuitas de $2,000 por daños a la vivienda antes de cambiar los bienes a uso de alquiler el año pasado. I need a 1040x form Como el terreno no es depreciable, usted incluye sólo el costo de la vivienda al calcular la base para propósitos de determinar depreciación. I need a 1040x form Su base ajustada en la vivienda, cuando cambió su uso, era $178,000 ($160,000 + $20,000 − $2,000). I need a 1040x form En la misma fecha, su propiedad tenía un valor justo de mercado de $180,000, del cual $15,000 correspondían al terreno y $165,000 a la vivienda. I need a 1040x form La base para calcular la depreciación de la vivienda es el valor justo de mercado en la fecha del cambio ($165,000) ya que es menor que la base ajustada ($178,000). I need a 1040x form Venta de bienes. I need a 1040x form   Si en el futuro usted vende o enajena los bienes cambiados a uso comercial o de alquiler, la base que use dependerá de si calcula pérdidas o ganancias. I need a 1040x form Ganancia. I need a 1040x form   La base para calcular una ganancia es la base ajustada de los bienes en el momento de la venta. I need a 1040x form Ejemplo. I need a 1040x form Suponga los mismos hechos que en el ejemplo anterior, excepto que usted vende los bienes obteniendo una ganancia después de descontar $37,500 por concepto de deducciones por depreciación. I need a 1040x form Su base ajustada para calcular la ganancia es $165,500 ($178,000 + $25,000 (terreno) − $37,500). I need a 1040x form Pérdida. I need a 1040x form   Calcule la base para una pérdida empezando con la base ajustada o el valor justo de mercado de los bienes al momento del cambio a uso comercial o de alquiler, el que sea menor. I need a 1040x form Luego haga ajustes (aumentos y reducciones) para el período después del cambio de uso de los bienes, como se explicó anteriormente bajo Base Ajustada . I need a 1040x form Ejemplo. I need a 1040x form Suponga los mismos hechos que en el ejemplo anterior, excepto que usted vende los bienes con pérdida después de descontar $37,500 por concepto de deducciones por depreciación. I need a 1040x form En este caso, empezaría con el valor justo de mercado en la fecha del cambio a uso de alquiler ($180,000), ya que es menor que la base ajustada de $203,000 ($178,000 + $25,000 (terreno)) en esa fecha. I need a 1040x form Reste de esa cantidad ($180,000) las deducciones por depreciación ($37,500). I need a 1040x form La base para pérdidas es $142,500 ($180,000 − $37,500). I need a 1040x form Acciones y Bonos La base de acciones o bonos que usted compre, por lo general, es el precio de compra más los costos de la compra, como comisiones y costos de registro o de traspaso. I need a 1040x form Si obtiene acciones o bonos por un medio que no sea la compra, la base suele determinarse por el valor justo de mercado o la base ajustada del propietario anterior, como se explica anteriormente. I need a 1040x form Tiene que ajustar la base de las acciones según ciertos hechos que sucedan después de la compra. I need a 1040x form Por ejemplo, si recibe acciones adicionales de dividendos de acciones no sujetas a impuestos o divisiones de acciones, reduzca la base para cada acción, dividiendo la base ajustada de las acciones antiguas entre el número de acciones antiguas y nuevas. I need a 1040x form Esta regla se aplica sólo cuando el número de acciones adicionales recibidas es idéntico al número de acciones tenidas. I need a 1040x form Además, reduzca la base cuando reciba distribuciones no sujetas a impuestos. I need a 1040x form Son un rendimiento de capital. I need a 1040x form Ejemplo. I need a 1040x form En el año 2011, compró 100 acciones de XYZ por $1,000, o sea, a $10 por acción. I need a 1040x form En el año 2012, compró 100 acciones de XYZ por $1,600, o sea, a $16 por acción. I need a 1040x form En el año 2013, XYZ declaró una división de acciones de 2 por 1. I need a 1040x form Ahora tiene 200 acciones con una base de $5 por acción y 200 acciones con una base de $8 por acción. I need a 1040x form Otras bases. I need a 1040x form   Existen otras maneras de calcular la base de acciones o bonos, según cómo los adquirió. I need a 1040x form Para obtener información más detallada, consulte 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. I need a 1040x form Cómo identificar acciones o bonos vendidos. I need a 1040x form   Si puede identificar correctamente las acciones o los bonos que vendió, entonces la base de éstos es el costo u otra base de las acciones o bonos específicos. I need a 1040x form Si compra y vende valores en fechas distintas y en cantidades distintas y no puede identificar correctamente las acciones vendidas, entonces la base de los valores que venda es la base de los valores que adquirió primero. I need a 1040x form Para obtener más información sobre cómo identificar los valores que venda, consulte 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. I need a 1040x form Acciones de fondos mutuos. I need a 1040x form   Si vende acciones de fondos mutuos que adquirió en fechas distintas y a precios distintos, y que dejó en depósito en una cuenta mantenida por un custodio o agente, puede optar por usar una base promedio. I need a 1040x form Para obtener más información, consulte la Publicación 550, en inglés. I need a 1040x form Prima de bonos. I need a 1040x form   Si compra un bono sujeto a impuestos con prima (o sea, a un precio que excede su valor nominal) y elige amortizarla, reste de la base del bono la prima amortizada que deduzca cada año. I need a 1040x form Para obtener más información, consulte Bond Premium Amortization (Amortización de primas de bonos) en el capítulo 3 de la Publicación 550, en inglés. I need a 1040x form Aunque no puede deducir la prima sobre un bono exento de impuestos, tiene que amortizar la prima cada año y restar la cantidad amortizada de la base del bono. I need a 1040x form Descuento de la emisión original (OID) sobre instrumentos de deuda. I need a 1040x form   Tiene que aumentar la base de un instrumento de deuda de un descuento de la emisión original (OID, por sus siglas en inglés) por el OID que incluya en sus ingresos por ese instrumento. I need a 1040x form Consulte Descuento de la emisión original (OID) en el capítulo 7 y la Publicación 1212, Guide to Original Issue Discount (OID) Instruments (Guía de instrumentos del descuento de la emisión original (OID)), en inglés. I need a 1040x form Obligaciones exentas de impuestos. I need a 1040x form    Por lo general, el OID sobre las obligaciones exentas de impuestos no está sujeto a impuestos. I need a 1040x form Sin embargo, cuando enajene una obligación exenta de impuestos emitida después del 3 de septiembre de 1982 y comprada después del 1 de marzo de 1984, tiene que acumular el OID sobre la obligación para determinar su base ajustada. I need a 1040x form El OID acumulado se suma a la base de la obligación para determinar su pérdida o ganancia. I need a 1040x form Consulte el cápitulo 4 de la Publicación 550, en inglés. I need a 1040x form Prev  Up  Next   Home   More Online Publications
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Understanding your CP566 Notice

We need more information to process your application for an Individual Taxpayer Identification Number (ITIN). You may have sent us an incomplete form. You may have sent us the wrong documents.

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Effective June 22, 2012, the IRS has made interim changes that affect the Individual Taxpayer Identification Number (ITIN) application process. Some of the information below, including the documentation requirements for individuals seeking an ITIN, has been superseded by these changes. Taxpayers and their representatives should review these changes, which are further explained in these Frequently Asked Questions, before requesting an ITIN.


What you need to do

  • Go over the instructions for your application.
  • Make sure you don't qualify for a Social Security number (SSN) and you need an ITIN.
  • Go over your application to make sure you’ve answered all the questions.
  • Make sure your documents are correct.
  • Send us the documents we've asked for when you reply.
  • Make sure the documents are translated into English if we've requested a translation. Use a certified translator.
  • Complete and sign the response form at the end of your notice. Mail it to us with any documents we've requested.

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Answers to Common Questions

What is an ITIN?
It is a number for you to use on federal tax documents.

Who needs an ITIN?
A non-citizen who has to file a federal tax return or a tax reporting document and does not qualify for an SSN needs an ITIN.

What is correct documentation?
In general, correct documentation is unexpired and has your photograph. It has the same name on it as on your application and tax return. It is from an organization authorized to issue it. The following documents can meet these conditions:

  • a passport
  • a visa (issued by the U.S. Department of State)
  • a civil birth certificate
  • a national, U.S. state, or military identification document
  • a U.S. or foreign driver’s license
  • a U.S. Citizenship and Immigration Services Photo ID
  • a foreign voter registration document or military card
  • U.S. school records (for dependents only)
  • U.S. medical records (for dependents only)

Foreign records must be from a country recognized by the U.S. State Department.

What are the special requirements for school and medical records?
They must be less than one year old. They must be for dependents younger than 18.

How much time do I have to reply?
You have 45 days from the date of your notice to reply.

What happens if I don't reply?
We will reject your application. You'll have to submit a new application for an ITIN.

Should I call you with my reply or mail it to you?
Mail your reply to us at the address on the notice.

What happens to my tax return if you reject my application?
We'll process your return without an ITIN. You'll need to reapply for an ITIN and attach a copy of the return to your application to get a refund.

I sent you documents when I applied for an ITIN. When will you return them?
We'll return your documents within 60 days after we've processed your application.

Whom can I talk to with my questions?
You can call the telephone number on the top right corner of the notice with your questions.


Tips for next year

Consider filing your taxes electronically. Filing online can help you avoid mistakes and find credits and deductions that you may qualify for. In many cases you can file for free. Learn more about e-file.


Understanding your notice

Reading your notice
Your notice may look different from the sample because the information contained in your notice is tailored to your situation.

Notice CP566, Page 1

Notice CP566, Page 2

Notice CP566, Page 3

Notice CP566, Page 4

Printable samples of this notice (PDF)

Tax publications you may find useful

How to get help

Calling the 1-800 number listed on the top right corner of your notice is the fastest way to get your questions answered.

You can also authorize someone (such as an accountant) to contact the IRS on your behalf using this Power of Attorney and Declaration of Representative (Form 2848).

Or you may qualify for help from a Low Income Taxpayer Clinic.
 

Page Last Reviewed or Updated: 14-Mar-2014

The I Need A 1040x Form

I need a 1040x form 7. I need a 1040x form   Interest Income Table of Contents Reminder Introduction Useful Items - You may want to see: General InformationSSN for joint account. I need a 1040x form Custodian account for your child. I need a 1040x form Penalty for failure to supply SSN. I need a 1040x form Reporting backup withholding. I need a 1040x form Savings account with parent as trustee. I need a 1040x form Interest not reported on Form 1099-INT. I need a 1040x form Nominees. I need a 1040x form Incorrect amount. I need a 1040x form Information reporting requirement. I need a 1040x form Taxable InterestInterest subject to penalty for early withdrawal. I need a 1040x form Money borrowed to invest in certificate of deposit. I need a 1040x form U. I need a 1040x form S. I need a 1040x form Savings Bonds Education Savings Bond Program U. I need a 1040x form S. I need a 1040x form Treasury Bills, Notes, and Bonds Bonds Sold Between Interest Dates Insurance State or Local Government Obligations Original Issue Discount (OID) When To Report Interest IncomeConstructive receipt. I need a 1040x form How To Report Interest IncomeSchedule B (Form 1040A or 1040). I need a 1040x form Reporting tax-exempt interest. I need a 1040x form U. I need a 1040x form S. I need a 1040x form savings bond interest previously reported. I need a 1040x form Reminder Foreign-source income. I need a 1040x form  If you are a U. I need a 1040x form S. I need a 1040x form citizen with interest income from sources outside the United States (foreign income), you must report that income on your tax return unless it is exempt by U. I need a 1040x form S. I need a 1040x form law. I need a 1040x form This is true whether you reside inside or outside the United States and whether or not you receive a Form 1099 from the foreign payer. I need a 1040x form Introduction This chapter discusses the following topics. I need a 1040x form Different types of interest income. I need a 1040x form What interest is taxable and what interest is nontaxable. I need a 1040x form When to report interest income. I need a 1040x form How to report interest income on your tax return. I need a 1040x form In general, any interest you receive or that is credited to your account and can be withdrawn is taxable income. I need a 1040x form Exceptions to this rule are discussed later in this chapter. I need a 1040x form You may be able to deduct expenses you have in earning this income on Schedule A (Form 1040) if you itemize your deductions. I need a 1040x form See Money borrowed to invest in certificate of deposit , later, and chapter 28. I need a 1040x form Useful Items - You may want to see: Publication 537 Installment Sales 550 Investment Income and Expenses 1212 Guide to Original Issue Discount (OID) Instruments Form (and Instructions) Schedule B (Form 1040A or 1040) Interest and Ordinary Dividends 8815 Exclusion of Interest From Series EE and I U. I need a 1040x form S. I need a 1040x form Savings Bonds Issued After 1989 8818 Optional Form To Record Redemption of Series EE and I U. I need a 1040x form S. I need a 1040x form Savings Bonds Issued After 1989 General Information A few items of general interest are covered here. I need a 1040x form Recordkeeping. I need a 1040x form You should keep a list showing sources and interest amounts received during the year. I need a 1040x form Also, keep the forms you receive showing your interest income (Forms 1099-INT, for example) as an important part of your records. I need a 1040x form Tax on unearned income of certain children. I need a 1040x form    Part of a child's 2013 unearned income may be taxed at the parent's tax rate. I need a 1040x form If so, Form 8615, Tax for Certain Children Who Have Unearned Income, must be completed and attached to the child's tax return. I need a 1040x form If not, Form 8615 is not required and the child's income is taxed at his or her own tax rate. I need a 1040x form   Some parents can choose to include the child's interest and dividends on the parent's return. I need a 1040x form If you can, use Form 8814, Parents' Election To Report Child's Interest and Dividends, for this purpose. I need a 1040x form   For more information about the tax on unearned income of children and the parents' election, see chapter 31. I need a 1040x form Beneficiary of an estate or trust. I need a 1040x form   Interest you receive as a beneficiary of an estate or trust is generally taxable income. I need a 1040x form You should receive a Schedule K-1 (Form 1041), Beneficiary's Share of Income, Deductions, Credits, etc. I need a 1040x form , from the fiduciary. I need a 1040x form Your copy of Schedule K-1 (Form 1041) and its instructions will tell you where to report the income on your Form 1040. I need a 1040x form Social security number (SSN). I need a 1040x form   You must give your name and SSN or individual tax identification number (ITIN) to any person required by federal tax law to make a return, statement, or other document that relates to you. I need a 1040x form This includes payers of interest. I need a 1040x form If you do not give your SSN or ITIN to the payer of interest, you may have to pay a penalty. I need a 1040x form SSN for joint account. I need a 1040x form   If the funds in a joint account belong to one person, list that person's name first on the account and give that person's SSN to the payer. I need a 1040x form (For information on who owns the funds in a joint account, see Joint accounts , later. I need a 1040x form ) If the joint account contains combined funds, give the SSN of the person whose name is listed first on the account. I need a 1040x form This is because only one name and SSN can be shown on Form 1099. I need a 1040x form   These rules apply both to joint ownership by a married couple and to joint ownership by other individuals. I need a 1040x form For example, if you open a joint savings account with your child using funds belonging to the child, list the child's name first on the account and give the child's SSN. I need a 1040x form Custodian account for your child. I need a 1040x form   If your child is the actual owner of an account that is recorded in your name as custodian for the child, give the child's SSN to the payer. I need a 1040x form For example, you must give your child's SSN to the payer of interest on an account owned by your child, even though the interest is paid to you as custodian. I need a 1040x form Penalty for failure to supply SSN. I need a 1040x form   If you do not give your SSN to the payer of interest, you may have to pay a penalty. I need a 1040x form See Failure to supply SSN under Penalties in chapter 1. I need a 1040x form Backup withholding also may apply. I need a 1040x form Backup withholding. I need a 1040x form   Your interest income is generally not subject to regular withholding. I need a 1040x form However, it may be subject to backup withholding to ensure that income tax is collected on the income. I need a 1040x form Under backup withholding, the payer of interest must withhold, as income tax, on the amount you are paid, applying the appropriate withholding rate. I need a 1040x form   Backup withholding may also be required if the IRS has determined that you underreported your interest or dividend income. I need a 1040x form For more information, see Backup Withholding in chapter 4. I need a 1040x form Reporting backup withholding. I need a 1040x form   If backup withholding is deducted from your interest income, the payer must give you a Form 1099-INT for the year indicating the amount withheld. I need a 1040x form The Form 1099-INT will show any backup withholding as “Federal income tax withheld. I need a 1040x form ” Joint accounts. I need a 1040x form   If two or more persons hold property (such as a savings account or bond) as joint tenants, tenants by the entirety, or tenants in common, each person's share of any interest from the property is determined by local law. I need a 1040x form Income from property given to a child. I need a 1040x form   Property you give as a parent to your child under the Model Gifts of Securities to Minors Act, the Uniform Gifts to Minors Act, or any similar law becomes the child's property. I need a 1040x form   Income from the property is taxable to the child, except that any part used to satisfy a legal obligation to support the child is taxable to the parent or guardian having that legal obligation. I need a 1040x form Savings account with parent as trustee. I need a 1040x form   Interest income from a savings account opened for a minor child, but placed in the name and subject to the order of the parents as trustees, is taxable to the child if, under the law of the state in which the child resides, both of the following are true. I need a 1040x form The savings account legally belongs to the child. I need a 1040x form The parents are not legally permitted to use any of the funds to support the child. I need a 1040x form Form 1099-INT. I need a 1040x form   Interest income is generally reported to you on Form 1099-INT, or a similar statement, by banks, savings and loans, and other payers of interest. I need a 1040x form This form shows you the interest you received during the year. I need a 1040x form Keep this form for your records. I need a 1040x form You do not have to attach it to your tax return. I need a 1040x form   Report on your tax return the total interest income you receive for the tax year. I need a 1040x form Interest not reported on Form 1099-INT. I need a 1040x form   Even if you do not receive Form 1099-INT, you must still report all of your interest income. I need a 1040x form For example, you may receive distributive shares of interest from partnerships or S corporations. I need a 1040x form This interest is reported to you on Schedule K-1 (Form 1065), Partner's Share of Income, Deduction, Credits, etc. I need a 1040x form , or Schedule K-1 (Form 1120S), Shareholder's Share of Income, Deductions, Credits, etc. I need a 1040x form Nominees. I need a 1040x form   Generally, if someone receives interest as a nominee for you, that person must give you a Form 1099-INT showing the interest received on your behalf. I need a 1040x form   If you receive a Form 1099-INT that includes amounts belonging to another person, see the discussion on nominee distributions under How To Report Interest Income in chapter 1 of Publication 550, or Schedule B (Form 1040A or 1040) instructions. I need a 1040x form Incorrect amount. I need a 1040x form   If you receive a Form 1099-INT that shows an incorrect amount (or other incorrect information), you should ask the issuer for a corrected form. I need a 1040x form The new Form 1099-INT you receive will be marked “Corrected. I need a 1040x form ” Form 1099-OID. I need a 1040x form   Reportable interest income also may be shown on Form 1099-OID, Original Issue Discount. I need a 1040x form For more information about amounts shown on this form, see Original Issue Discount (OID) , later in this chapter. I need a 1040x form Exempt-interest dividends. I need a 1040x form   Exempt-interest dividends you receive from a mutual fund or other regulated investment company, including those received from a qualified fund of funds in any tax year beginning after December 22, 2010, are not included in your taxable income. I need a 1040x form (However, see Information reporting requirement , next. I need a 1040x form ) Exempt-interest dividends should be shown in box 10 of Form 1099-DIV. I need a 1040x form You do not reduce your basis for distributions that are exempt-interest dividends. I need a 1040x form Information reporting requirement. I need a 1040x form   Although exempt-interest dividends are not taxable, you must show them on your tax return if you have to file. I need a 1040x form This is an information reporting requirement and does not change the exempt-interest dividends into taxable income. I need a 1040x form Note. I need a 1040x form Exempt-interest dividends paid from specified private activity bonds may be subject to the alternative minimum tax. I need a 1040x form See Alternative Minimum Tax (AMT) in chapter 30 for more information. I need a 1040x form Chapter 1 of Publication 550 contains a discussion on private activity bonds under State or Local Government Obligations. I need a 1040x form Interest on VA dividends. I need a 1040x form   Interest on insurance dividends left on deposit with the Department of Veterans Affairs (VA) is not taxable. I need a 1040x form This includes interest paid on dividends on converted United States Government Life Insurance and on National Service Life Insurance policies. I need a 1040x form Individual retirement arrangements (IRAs). I need a 1040x form   Interest on a Roth IRA generally is not taxable. I need a 1040x form Interest on a traditional IRA is tax deferred. I need a 1040x form You generally do not include it in your income until you make withdrawals from the IRA. I need a 1040x form See chapter 17. I need a 1040x form Taxable Interest Taxable interest includes interest you receive from bank accounts, loans you make to others, and other sources. I need a 1040x form The following are some sources of taxable interest. I need a 1040x form Dividends that are actually interest. I need a 1040x form   Certain distributions commonly called dividends are actually interest. I need a 1040x form You must report as interest so-called “dividends” on deposits or on share accounts in: Cooperative banks, Credit unions, Domestic building and loan associations, Domestic savings and loan associations, Federal savings and loan associations, and Mutual savings banks. I need a 1040x form  The “dividends” will be shown as interest income on Form 1099-INT. I need a 1040x form Money market funds. I need a 1040x form   Money market funds pay dividends and are offered by nonbank financial institutions, such as mutual funds and stock brokerage houses. I need a 1040x form Generally, amounts you receive from money market funds should be reported as dividends, not as interest. I need a 1040x form Certificates of deposit and other deferred interest accounts. I need a 1040x form   If you open any of these accounts, interest may be paid at fixed intervals of 1 year or less during the term of the account. I need a 1040x form You generally must include this interest in your income when you actually receive it or are entitled to receive it without paying a substantial penalty. I need a 1040x form The same is true for accounts that mature in 1 year or less and pay interest in a single payment at maturity. I need a 1040x form If interest is deferred for more than 1 year, see Original Issue Discount (OID) , later. I need a 1040x form Interest subject to penalty for early withdrawal. I need a 1040x form   If you withdraw funds from a deferred interest account before maturity, you may have to pay a penalty. I need a 1040x form You must report the total amount of interest paid or credited to your account during the year, without subtracting the penalty. I need a 1040x form See Penalty on early withdrawal of savings in chapter 1 of Publication 550 for more information on how to report the interest and deduct the penalty. I need a 1040x form Money borrowed to invest in certificate of deposit. I need a 1040x form   The interest you pay on money borrowed from a bank or savings institution to meet the minimum deposit required for a certificate of deposit from the institution and the interest you earn on the certificate are two separate items. I need a 1040x form You must report the total interest you earn on the certificate in your income. I need a 1040x form If you itemize deductions, you can deduct the interest you pay as investment interest, up to the amount of your net investment income. I need a 1040x form See Interest Expenses in chapter 3 of Publication 550. I need a 1040x form Example. I need a 1040x form You deposited $5,000 with a bank and borrowed $5,000 from the bank to make up the $10,000 minimum deposit required to buy a 6-month certificate of deposit. I need a 1040x form The certificate earned $575 at maturity in 2013, but you received only $265, which represented the $575 you earned minus $310 interest charged on your $5,000 loan. I need a 1040x form The bank gives you a Form 1099-INT for 2013 showing the $575 interest you earned. I need a 1040x form The bank also gives you a statement showing that you paid $310 interest for 2013. I need a 1040x form You must include the $575 in your income. I need a 1040x form If you itemize your deductions on Schedule A (Form 1040), you can deduct $310, subject to the net investment income limit. I need a 1040x form Gift for opening account. I need a 1040x form   If you receive noncash gifts or services for making deposits or for opening an account in a savings institution, you may have to report the value as interest. I need a 1040x form   For deposits of less than $5,000, gifts or services valued at more than $10 must be reported as interest. I need a 1040x form For deposits of $5,000 or more, gifts or services valued at more than $20 must be reported as interest. I need a 1040x form The value is determined by the cost to the financial institution. I need a 1040x form Example. I need a 1040x form You open a savings account at your local bank and deposit $800. I need a 1040x form The account earns $20 interest. I need a 1040x form You also receive a $15 calculator. I need a 1040x form If no other interest is credited to your account during the year, the Form 1099-INT you receive will show $35 interest for the year. I need a 1040x form You must report $35 interest income on your tax return. I need a 1040x form Interest on insurance dividends. I need a 1040x form   Interest on insurance dividends left on deposit with an insurance company that can be withdrawn annually is taxable to you in the year it is credited to your account. I need a 1040x form However, if you can withdraw it only on the anniversary date of the policy (or other specified date), the interest is taxable in the year that date occurs. I need a 1040x form Prepaid insurance premiums. I need a 1040x form   Any increase in the value of prepaid insurance premiums, advance premiums, or premium deposit funds is interest if it is applied to the payment of premiums due on insurance policies or made available for you to withdraw. I need a 1040x form U. I need a 1040x form S. I need a 1040x form obligations. I need a 1040x form   Interest on U. I need a 1040x form S. I need a 1040x form obligations, such as U. I need a 1040x form S. I need a 1040x form Treasury bills, notes, and bonds, issued by any agency or instrumentality of the United States is taxable for federal income tax purposes. I need a 1040x form Interest on tax refunds. I need a 1040x form   Interest you receive on tax refunds is taxable income. I need a 1040x form Interest on condemnation award. I need a 1040x form   If the condemning authority pays you interest to compensate you for a delay in payment of an award, the interest is taxable. I need a 1040x form Installment sale payments. I need a 1040x form   If a contract for the sale or exchange of property provides for deferred payments, it also usually provides for interest payable with the deferred payments. I need a 1040x form That interest is taxable when you receive it. I need a 1040x form If little or no interest is provided for in a deferred payment contract, part of each payment may be treated as interest. I need a 1040x form See Unstated Interest and Original Issue Discount in Publication 537, Installment Sales. I need a 1040x form Interest on annuity contract. I need a 1040x form   Accumulated interest on an annuity contract you sell before its maturity date is taxable. I need a 1040x form Usurious interest. I need a 1040x form   Usurious interest is interest charged at an illegal rate. I need a 1040x form This is taxable as interest unless state law automatically changes it to a payment on the principal. I need a 1040x form Interest income on frozen deposits. I need a 1040x form   Exclude from your gross income interest on frozen deposits. I need a 1040x form A deposit is frozen if, at the end of the year, you cannot withdraw any part of the deposit because: The financial institution is bankrupt or insolvent, or The state where the institution is located has placed limits on withdrawals because other financial institutions in the state are bankrupt or insolvent. I need a 1040x form   The amount of interest you must exclude is the interest that was credited on the frozen deposits minus the sum of: The net amount you withdrew from these deposits during the year, and The amount you could have withdrawn as of the end of the year (not reduced by any penalty for premature withdrawals of a time deposit). I need a 1040x form If you receive a Form 1099-INT for interest income on deposits that were frozen at the end of 2013, see Frozen deposits under How To Report Interest Income in chapter 1 of Publication 550, for information about reporting this interest income exclusion on your tax return. I need a 1040x form   The interest you exclude is treated as credited to your account in the following year. I need a 1040x form You must include it in income in the year you can withdraw it. I need a 1040x form Example. I need a 1040x form $100 of interest was credited on your frozen deposit during the year. I need a 1040x form You withdrew $80 but could not withdraw any more as of the end of the year. I need a 1040x form You must include $80 in your income and exclude $20 from your income for the year. I need a 1040x form You must include the $20 in your income for the year you can withdraw it. I need a 1040x form Bonds traded flat. I need a 1040x form   If you buy a bond at a discount when interest has been defaulted or when the interest has accrued but has not been paid, the transaction is described as trading a bond flat. I need a 1040x form The defaulted or unpaid interest is not income and is not taxable as interest if paid later. I need a 1040x form When you receive a payment of that interest, it is a return of capital that reduces the remaining cost basis of your bond. I need a 1040x form Interest that accrues after the date of purchase, however, is taxable interest income for the year it is received or accrued. I need a 1040x form See Bonds Sold Between Interest Dates , later, for more information. I need a 1040x form Below-market loans. I need a 1040x form   In general, a below-market loan is a loan on which no interest is charged or on which interest is charged at a rate below the applicable federal rate. I need a 1040x form See Below-Market Loans in chapter 1 of Publication 550 for more information. I need a 1040x form U. I need a 1040x form S. I need a 1040x form Savings Bonds This section provides tax information on U. I need a 1040x form S. I need a 1040x form savings bonds. I need a 1040x form It explains how to report the interest income on these bonds and how to treat transfers of these bonds. I need a 1040x form For other information on U. I need a 1040x form S. I need a 1040x form savings bonds, write to:  For series EE and I paper savings bonds: Bureau of the Public Debt Division of Customer Assistance P. I need a 1040x form O. I need a 1040x form Box 7012 Parkersburg, WV 26106-7012  For series EE and I electronic bonds: Bureau of the Public Debt Division of Customer Assistance P. I need a 1040x form O. I need a 1040x form Box 7015 Parkersburg, WV 26106–7015  For series HH/H: Bureau of the Public Debt Division of Customer Assistance P. I need a 1040x form O. I need a 1040x form Box 2186 Parkersburg, WV 26106-2186 Or, on the Internet, visit: www. I need a 1040x form treasurydirect. I need a 1040x form gov/indiv/indiv. I need a 1040x form htm. I need a 1040x form Accrual method taxpayers. I need a 1040x form   If you use an accrual method of accounting, you must report interest on U. I need a 1040x form S. I need a 1040x form savings bonds each year as it accrues. I need a 1040x form You cannot postpone reporting interest until you receive it or until the bonds mature. I need a 1040x form Accrual methods of accounting are explained in chapter 1 under Accounting Methods . I need a 1040x form Cash method taxpayers. I need a 1040x form   If you use the cash method of accounting, as most individual taxpayers do, you generally report the interest on U. I need a 1040x form S. I need a 1040x form savings bonds when you receive it. I need a 1040x form The cash method of accounting is explained in chapter 1 under Accounting Methods. I need a 1040x form But see Reporting options for cash method taxpayers , later. I need a 1040x form Series HH bonds. I need a 1040x form    These bonds were issued at face value. I need a 1040x form Interest is paid twice a year by direct deposit to your bank account. I need a 1040x form If you are a cash method taxpayer, you must report interest on these bonds as income in the year you receive it. I need a 1040x form   Series HH bonds were first offered in 1980 and last offered in August 2004. I need a 1040x form Before 1980, series H bonds were issued. I need a 1040x form Series H bonds are treated the same as series HH bonds. I need a 1040x form If you are a cash method taxpayer, you must report the interest when you receive it. I need a 1040x form   Series H bonds have a maturity period of 30 years. I need a 1040x form Series HH bonds mature in 20 years. I need a 1040x form The last series H bonds matured in 2009. I need a 1040x form Series EE and series I bonds. I need a 1040x form   Interest on these bonds is payable when you redeem the bonds. I need a 1040x form The difference between the purchase price and the redemption value is taxable interest. I need a 1040x form Series EE bonds. I need a 1040x form   Series EE bonds were first offered in January 1980 and have a maturity period of 30 years. I need a 1040x form   Before July 1980, series E bonds were issued. I need a 1040x form The original 10-year maturity period of series E bonds has been extended to 40 years for bonds issued before December 1965 and 30 years for bonds issued after November 1965. I need a 1040x form Paper series EE and series E bonds are issued at a discount. I need a 1040x form The face value is payable to you at maturity. I need a 1040x form Electronic series EE bonds are issued at their face value. I need a 1040x form The face value plus accrued interest is payable to you at maturity. I need a 1040x form As of January 1, 2012, paper savings bonds were no longer sold at financial institutions. I need a 1040x form   Owners of paper series EE bonds can convert them to electronic bonds. I need a 1040x form These converted bonds do not retain the denomination listed on the paper certificate but are posted at their purchase price (with accrued interest). I need a 1040x form Series I bonds. I need a 1040x form   Series I bonds were first offered in 1998. I need a 1040x form These are inflation-indexed bonds issued at their face amount with a maturity period of 30 years. I need a 1040x form The face value plus all accrued interest is payable to you at maturity. I need a 1040x form Reporting options for cash method taxpayers. I need a 1040x form   If you use the cash method of reporting income, you can report the interest on series EE, series E, and series I bonds in either of the following ways. I need a 1040x form Method 1. I need a 1040x form Postpone reporting the interest until the earlier of the year you cash or dispose of the bonds or the year they mature. I need a 1040x form (However, see Savings bonds traded , later. I need a 1040x form )  Note. I need a 1040x form Series EE bonds issued in 1983 matured in 2013. I need a 1040x form If you have used method 1, you generally must report the interest on these bonds on your 2013 return. I need a 1040x form The last series E bonds were issued in 1980 and matured in 2010. I need a 1040x form If you used method 1, you generally should have reported the interest on these bonds on your 2010 return. I need a 1040x form Method 2. I need a 1040x form Choose to report the increase in redemption value as interest each year. I need a 1040x form You must use the same method for all series EE, series E, and series I bonds you own. I need a 1040x form If you do not choose method 2 by reporting the increase in redemption value as interest each year, you must use method 1. I need a 1040x form    If you plan to cash your bonds in the same year you will pay for higher education expenses, you may want to use method 1 because you may be able to exclude the interest from your income. I need a 1040x form To learn how, see Education Savings Bond Program, later. I need a 1040x form Change from method 1. I need a 1040x form   If you want to change your method of reporting the interest from method 1 to method 2, you can do so without permission from the IRS. I need a 1040x form In the year of change you must report all interest accrued to date and not previously reported for all your bonds. I need a 1040x form   Once you choose to report the interest each year, you must continue to do so for all series EE, series E, and series I bonds you own and for any you get later, unless you request permission to change, as explained next. I need a 1040x form Change from method 2. I need a 1040x form   To change from method 2 to method 1, you must request permission from the IRS. I need a 1040x form Permission for the change is automatically granted if you send the IRS a statement that meets all the following requirements. I need a 1040x form You have typed or printed the following number at the top: “131. I need a 1040x form ” It includes your name and social security number under “131. I need a 1040x form ” It includes the year of change (both the beginning and ending dates). I need a 1040x form It identifies the savings bonds for which you are requesting this change. I need a 1040x form It includes your agreement to: Report all interest on any bonds acquired during or after the year of change when the interest is realized upon disposition, redemption, or final maturity, whichever is earliest, and Report all interest on the bonds acquired before the year of change when the interest is realized upon disposition, redemption, or final maturity, whichever is earliest, with the exception of the interest reported in prior tax years. I need a 1040x form   You must attach this statement to your tax return for the year of change, which you must file by the due date (including extensions). I need a 1040x form   You can have an automatic extension of 6 months from the due date of your return for the year of change (excluding extensions) to file the statement with an amended return. I need a 1040x form On the statement, type or print “Filed pursuant to section 301. I need a 1040x form 9100-2. I need a 1040x form ” To get this extension, you must have filed your original return for the year of the change by the due date (including extensions). I need a 1040x form    By the date you file the original statement with your return, you must also send a signed copy to the address below. I need a 1040x form   Internal Revenue Service Attention: CC:IT&A (Automatic Rulings Branch) P. I need a 1040x form O. I need a 1040x form Box 7604 Benjamin Franklin Station Washington, DC 20044   If you use a private delivery service, send the signed copy to the address below. I need a 1040x form   Internal Revenue Service Attention: CC:IT&A (Automatic Rulings Branch) Room 5336 1111 Constitution Avenue, NW  Washington, DC 20224   Instead of filing this statement, you can request permission to change from method 2 to method 1 by filing Form 3115, Application for Change in Accounting Method. I need a 1040x form In that case, follow the form instructions for an automatic change. I need a 1040x form No user fee is required. I need a 1040x form Co-owners. I need a 1040x form   If a U. I need a 1040x form S. I need a 1040x form savings bond is issued in the names of co-owners, such as you and your child or you and your spouse, interest on the bond is generally taxable to the co-owner who bought the bond. I need a 1040x form One co-owner's funds used. I need a 1040x form    If you used your funds to buy the bond, you must pay the tax on the interest. I need a 1040x form This is true even if you let the other co-owner redeem the bond and keep all the proceeds. I need a 1040x form Under these circumstances, the co-owner who redeemed the bond will receive a Form 1099-INT at the time of redemption and must provide you with another Form 1099-INT showing the amount of interest from the bond taxable to you. I need a 1040x form The co-owner who redeemed the bond is a “nominee. I need a 1040x form ” See Nominee distributions under How To Report Interest Income in chapter 1 of Publication 550 for more information about how a person who is a nominee reports interest income belonging to another person. I need a 1040x form Both co-owners' funds used. I need a 1040x form   If you and the other co-owner each contribute part of the bond's purchase price, the interest is generally taxable to each of you, in proportion to the amount each of you paid. I need a 1040x form Community property. I need a 1040x form   If you and your spouse live in a community property state and hold bonds as community property, one-half of the interest is considered received by each of you. I need a 1040x form If you file separate returns, each of you generally must report one-half of the bond interest. I need a 1040x form For more information about community property, see Publication 555. I need a 1040x form Table 7-1. I need a 1040x form   These rules are also shown in Table 7-1. I need a 1040x form Ownership transferred. I need a 1040x form   If you bought series E, series EE, or series I bonds entirely with your own funds and had them reissued in your co-owner's name or beneficiary's name alone, you must include in your gross income for the year of reissue all interest that you earned on these bonds and have not previously reported. I need a 1040x form But, if the bonds were reissued in your name alone, you do not have to report the interest accrued at that time. I need a 1040x form   This same rule applies when bonds (other than bonds held as community property) are transferred between spouses or incident to divorce. I need a 1040x form Purchased jointly. I need a 1040x form   If you and a co-owner each contributed funds to buy series E, series EE, or series I bonds jointly and later have the bonds reissued in the co-owner's name alone, you must include in your gross income for the year of reissue your share of all the interest earned on the bonds that you have not previously reported. I need a 1040x form The former co-owner does not have to include in gross income at the time of reissue his or her share of the interest earned that was not reported before the transfer. I need a 1040x form This interest, however, as well as all interest earned after the reissue, is income to the former co-owner. I need a 1040x form   This income-reporting rule also applies when the bonds are reissued in the name of your former co-owner and a new co-owner. I need a 1040x form But the new co-owner will report only his or her share of the interest earned after the transfer. I need a 1040x form   If bonds that you and a co-owner bought jointly are reissued to each of you separately in the same proportion as your contribution to the purchase price, neither you nor your co-owner has to report at that time the interest earned before the bonds were reissued. I need a 1040x form    Table 7-1. I need a 1040x form Who Pays the Tax on U. I need a 1040x form S. I need a 1040x form Savings Bond Interest IF . I need a 1040x form . I need a 1040x form . I need a 1040x form THEN the interest must be reported by . I need a 1040x form . I need a 1040x form . I need a 1040x form you buy a bond in your name and the name of another person as co-owners, using only your own funds you. I need a 1040x form you buy a bond in the name of another person, who is the sole owner of the bond the person for whom you bought the bond. I need a 1040x form you and another person buy a bond as co-owners, each contributing part of the purchase price both you and the other co-owner, in proportion to the amount each paid for the bond. I need a 1040x form you and your spouse, who live in a community property state, buy a bond that is community property you and your spouse. I need a 1040x form If you file separate returns, both you and your spouse generally report one-half of the interest. I need a 1040x form Example 1. I need a 1040x form You and your spouse each spent an equal amount to buy a $1,000 series EE savings bond. I need a 1040x form The bond was issued to you and your spouse as co-owners. I need a 1040x form You both postpone reporting interest on the bond. I need a 1040x form You later have the bond reissued as two $500 bonds, one in your name and one in your spouse's name. I need a 1040x form At that time neither you nor your spouse has to report the interest earned to the date of reissue. I need a 1040x form Example 2. I need a 1040x form You bought a $1,000 series EE savings bond entirely with your own funds. I need a 1040x form The bond was issued to you and your spouse as co-owners. I need a 1040x form You both postpone reporting interest on the bond. I need a 1040x form You later have the bond reissued as two $500 bonds, one in your name and one in your spouse's name. I need a 1040x form You must report half the interest earned to the date of reissue. I need a 1040x form Transfer to a trust. I need a 1040x form   If you own series E, series EE, or series I bonds and transfer them to a trust, giving up all rights of ownership, you must include in your income for that year the interest earned to the date of transfer if you have not already reported it. I need a 1040x form However, if you are considered the owner of the trust and if the increase in value both before and after the transfer continues to be taxable to you, you can continue to defer reporting the interest earned each year. I need a 1040x form You must include the total interest in your income in the year you cash or dispose of the bonds or the year the bonds finally mature, whichever is earlier. I need a 1040x form   The same rules apply to previously unreported interest on series EE or series E bonds if the transfer to a trust consisted of series HH or series H bonds you acquired in a trade for the series EE or series E bonds. I need a 1040x form See Savings bonds traded , later. I need a 1040x form Decedents. I need a 1040x form   The manner of reporting interest income on series E, series EE, or series I bonds, after the death of the owner (decedent), depends on the accounting and income-reporting methods previously used by the decedent. I need a 1040x form This is explained in chapter 1 of Publication 550. I need a 1040x form Savings bonds traded. I need a 1040x form   If you postponed reporting the interest on your series EE or series E bonds, you did not recognize taxable income when you traded the bonds for series HH or series H bonds, unless you received cash in the trade. I need a 1040x form (You cannot trade series I bonds for series HH bonds. I need a 1040x form After August 31, 2004, you cannot trade any other series of bonds for series HH bonds. I need a 1040x form ) Any cash you received is income up to the amount of the interest earned on the bonds traded. I need a 1040x form When your series HH or series H bonds mature, or if you dispose of them before maturity, you report as interest the difference between their redemption value and your cost. I need a 1040x form Your cost is the sum of the amount you paid for the traded series EE or series E bonds plus any amount you had to pay at the time of the trade. I need a 1040x form Example. I need a 1040x form You traded series EE bonds (on which you postponed reporting the interest) for $2,500 in series HH bonds and $223 in cash. I need a 1040x form You reported the $223 as taxable income on your tax return. I need a 1040x form At the time of the trade, the series EE bonds had accrued interest of $523 and a redemption value of $2,723. I need a 1040x form You hold the series HH bonds until maturity, when you receive $2,500. I need a 1040x form You must report $300 as interest income in the year of maturity. I need a 1040x form This is the difference between their redemption value, $2,500, and your cost, $2,200 (the amount you paid for the series EE bonds). I need a 1040x form (It is also the difference between the accrued interest of $523 on the series EE bonds and the $223 cash received on the trade. I need a 1040x form ) Choice to report interest in year of trade. I need a 1040x form   You could have chosen to treat all of the previously unreported accrued interest on the series EE or series E bonds traded for series HH bonds as income in the year of the trade. I need a 1040x form If you made this choice, it is treated as a change from method 1. I need a 1040x form See Change from method 1 under Series EE and series I bonds, earlier. I need a 1040x form Form 1099-INT for U. I need a 1040x form S. I need a 1040x form savings bonds interest. I need a 1040x form   When you cash a bond, the bank or other payer that redeems it must give you a Form 1099-INT if the interest part of the payment you receive is $10 or more. I need a 1040x form Box 3 of your Form 1099-INT should show the interest as the difference between the amount you received and the amount paid for the bond. I need a 1040x form However, your Form 1099-INT may show more interest than you have to include on your income tax return. I need a 1040x form For example, this may happen if any of the following are true. I need a 1040x form You chose to report the increase in the redemption value of the bond each year. I need a 1040x form The interest shown on your Form 1099-INT will not be reduced by amounts previously included in income. I need a 1040x form You received the bond from a decedent. I need a 1040x form The interest shown on your Form 1099-INT will not be reduced by any interest reported by the decedent before death, or on the decedent's final return, or by the estate on the estate's income tax return. I need a 1040x form Ownership of the bond was transferred. I need a 1040x form The interest shown on your Form 1099-INT will not be reduced by interest that accrued before the transfer. I need a 1040x form You were named as a co-owner, and the other co-owner contributed funds to buy the bond. I need a 1040x form The interest shown on your Form 1099-INT will not be reduced by the amount you received as nominee for the other co-owner. I need a 1040x form (See Co-owners , earlier in this chapter, for more information about the reporting requirements. I need a 1040x form ) You received the bond in a taxable distribution from a retirement or profit-sharing plan. I need a 1040x form The interest shown on your Form 1099-INT will not be reduced by the interest portion of the amount taxable as a distribution from the plan and not taxable as interest. I need a 1040x form (This amount is generally shown on Form 1099-R, Distributions From Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts, etc. I need a 1040x form , for the year of distribution. I need a 1040x form )   For more information on including the correct amount of interest on your return, see How To Report Interest Income , later. I need a 1040x form Publication 550 includes examples showing how to report these amounts. I need a 1040x form    Interest on U. I need a 1040x form S. I need a 1040x form savings bonds is exempt from state and local taxes. I need a 1040x form The Form 1099-INT you receive will indicate the amount that is for U. I need a 1040x form S. I need a 1040x form savings bond interest in box 3. I need a 1040x form Education Savings Bond Program You may be able to exclude from income all or part of the interest you receive on the redemption of qualified U. I need a 1040x form S. I need a 1040x form savings bonds during the year if you pay qualified higher educational expenses during the same year. I need a 1040x form This exclusion is known as the Education Savings Bond Program. I need a 1040x form You do not qualify for this exclusion if your filing status is married filing separately. I need a 1040x form Form 8815. I need a 1040x form   Use Form 8815 to figure your exclusion. I need a 1040x form Attach the form to your Form 1040 or Form 1040A. I need a 1040x form Qualified U. I need a 1040x form S. I need a 1040x form savings bonds. I need a 1040x form   A qualified U. I need a 1040x form S. I need a 1040x form savings bond is a series EE bond issued after 1989 or a series I bond. I need a 1040x form The bond must be issued either in your name (sole owner) or in your and your spouse's names (co-owners). I need a 1040x form You must be at least 24 years old before the bond's issue date. I need a 1040x form For example, a bond bought by a parent and issued in the name of his or her child under age 24 does not qualify for the exclusion by the parent or child. I need a 1040x form    The issue date of a bond may be earlier than the date the bond is purchased because the issue date assigned to a bond is the first day of the month in which it is purchased. I need a 1040x form Beneficiary. I need a 1040x form   You can designate any individual (including a child) as a beneficiary of the bond. I need a 1040x form Verification by IRS. I need a 1040x form   If you claim the exclusion, the IRS will check it by using bond redemption information from the Department of the Treasury. I need a 1040x form Qualified expenses. I need a 1040x form   Qualified higher educational expenses are tuition and fees required for you, your spouse, or your dependent (for whom you claim an exemption) to attend an eligible educational institution. I need a 1040x form   Qualified expenses include any contribution you make to a qualified tuition program or to a Coverdell education savings account. I need a 1040x form   Qualified expenses do not include expenses for room and board or for courses involving sports, games, or hobbies that are not part of a degree or certificate granting program. I need a 1040x form Eligible educational institutions. I need a 1040x form   These institutions include most public, private, and nonprofit universities, colleges, and vocational schools that are accredited and eligible to participate in student aid programs run by the U. I need a 1040x form S. I need a 1040x form Department of Education. I need a 1040x form Reduction for certain benefits. I need a 1040x form   You must reduce your qualified higher educational expenses by all of the following tax-free benefits. I need a 1040x form Tax-free part of scholarships and fellowships (see Scholarships and fellowships in chapter 12). I need a 1040x form Expenses used to figure the tax-free portion of distributions from a Coverdell ESA. I need a 1040x form Expenses used to figure the tax-free portion of distributions from a qualified tuition program. I need a 1040x form Any tax-free payments (other than gifts or inheritances) received for educational expenses, such as Veterans' educational assistance benefits, Qualified tuition reductions, or Employer-provided educational assistance. I need a 1040x form Any expense used in figuring the American Opportunity and lifetime learning credits. I need a 1040x form Amount excludable. I need a 1040x form   If the total proceeds (interest and principal) from the qualified U. I need a 1040x form S. I need a 1040x form savings bonds you redeem during the year are not more than your adjusted qualified higher educational expenses for the year, you may be able to exclude all of the interest. I need a 1040x form If the proceeds are more than the expenses, you may be able to exclude only part of the interest. I need a 1040x form   To determine the excludable amount, multiply the interest part of the proceeds by a fraction. I need a 1040x form The numerator of the fraction is the qualified higher educational expenses you paid during the year. I need a 1040x form The denominator of the fraction is the total proceeds you received during the year. I need a 1040x form Example. I need a 1040x form In February 2013, Mark and Joan, a married couple, cashed a qualified series EE U. I need a 1040x form S. I need a 1040x form savings bond they bought in April 1997. I need a 1040x form They received proceeds of $8,372 representing principal of $5,000 and interest of $3,372. I need a 1040x form In 2013, they paid $4,000 of their daughter's college tuition. I need a 1040x form They are not claiming an education credit for that amount, and their daughter does not have any tax-free educational assistance. I need a 1040x form They can exclude $1,611 ($3,372 × ($4,000 ÷ $8,372)) of interest in 2013. I need a 1040x form They must pay tax on the remaining $1,761 ($3,372 − $1,611) interest. I need a 1040x form Modified adjusted gross income limit. I need a 1040x form   The interest exclusion is limited if your modified adjusted gross income (modified AGI) is: $74,700 to $89,700 for taxpayers filing single or head of household, and $112,050 to $142,050 for married taxpayers filing jointly or for a qualifying widow(er) with dependent child. I need a 1040x form You do not qualify for the interest exclusion if your modified AGI is equal to or more than the upper limit for your filing status. I need a 1040x form   Modified AGI, for purposes of this exclusion, is adjusted gross income (Form 1040, line 37, or Form 1040A, line 21) figured before the interest exclusion, and modified by adding back any: Foreign earned income exclusion, Foreign housing exclusion and deduction, Exclusion of income for bona fide residents of American Samoa, Exclusion for income from Puerto Rico, Exclusion for adoption benefits received under an employer's adoption assistance program, Deduction for tuition and fees, Deduction for student loan interest, and Deduction for domestic production activities. I need a 1040x form   Use the Line 9 Worksheet in the Form 8815 instructions to figure your modified AGI. I need a 1040x form If you claim any of the exclusion or deduction items listed above (except items 6, 7, and 8), add the amount of the exclusion or deduction (except items 6, 7, and 8) to the amount on line 5 of the worksheet, and enter the total on Form 8815, line 9, as your modified AGI. I need a 1040x form   If you have investment interest expense incurred to earn royalties and other investment income, see Education Savings Bond Program in chapter 1 of Publication 550. I need a 1040x form Recordkeeping. I need a 1040x form If you claim the interest exclusion, you must keep a written record of the qualified U. I need a 1040x form S. I need a 1040x form savings bonds you redeem. I need a 1040x form Your record must include the serial number, issue date, face value, and total redemption proceeds (principal and interest) of each bond. I need a 1040x form You can use Form 8818 to record this information. I need a 1040x form You should also keep bills, receipts, canceled checks, or other documentation that shows you paid qualified higher educational expenses during the year. I need a 1040x form U. I need a 1040x form S. I need a 1040x form Treasury Bills, Notes, and Bonds Treasury bills, notes, and bonds are direct debts (obligations) of the U. I need a 1040x form S. I need a 1040x form Government. I need a 1040x form Taxation of interest. I need a 1040x form   Interest income from Treasury bills, notes, and bonds is subject to federal income tax but is exempt from all state and local income taxes. I need a 1040x form You should receive Form 1099-INT showing the interest (in box 3) paid to you for the year. I need a 1040x form   Payments of principal and interest generally will be credited to your designated checking or savings account by direct deposit through the TreasuryDirect® system. I need a 1040x form Treasury bills. I need a 1040x form   These bills generally have a 4-week, 13-week, 26-week, or 52-week maturity period. I need a 1040x form They are generally issued at a discount in the amount of $100 and multiples of $100. I need a 1040x form The difference between the discounted price you pay for the bills and the face value you receive at maturity is interest income. I need a 1040x form Generally, you report this interest income when the bill is paid at maturity. I need a 1040x form If you paid a premium for a bill (more than the face value), you generally report the premium as a section 171 deduction when the bill is paid at maturity. I need a 1040x form Treasury notes and bonds. I need a 1040x form   Treasury notes have maturity periods of more than 1 year, ranging up to 10 years. I need a 1040x form Maturity periods for Treasury bonds are longer than 10 years. I need a 1040x form Both generally are issued in denominations of $100 to $1 million and generally pay interest every 6 months. I need a 1040x form Generally, you report this interest for the year paid. I need a 1040x form For more information, see U. I need a 1040x form S. I need a 1040x form Treasury Bills, Notes, and Bonds in chapter 1 of Publication 550. I need a 1040x form For other information on Treasury notes or bonds, write to:  Bureau of the Public Debt P. I need a 1040x form O. I need a 1040x form Box 7015 Parkersburg, WV 26106-7015 Or, on the Internet, visit: www. I need a 1040x form treasurydirect. I need a 1040x form gov/indiv/indiv. I need a 1040x form htm. I need a 1040x form For information on series EE, series I, and series HH savings bonds, see U. I need a 1040x form S. I need a 1040x form Savings Bonds , earlier. I need a 1040x form Treasury inflation-protected securities (TIPS). I need a 1040x form   These securities pay interest twice a year at a fixed rate, based on a principal amount adjusted to take into account inflation and deflation. I need a 1040x form For the tax treatment of these securities, see Inflation-Indexed Debt Instruments under Original Issue Discount (OID), in Publication 550. I need a 1040x form Bonds Sold Between Interest Dates If you sell a bond between interest payment dates, part of the sales price represents interest accrued to the date of sale. I need a 1040x form You must report that part of the sales price as interest income for the year of sale. I need a 1040x form If you buy a bond between interest payment dates, part of the purchase price represents interest accrued before the date of purchase. I need a 1040x form When that interest is paid to you, treat it as a return of your capital investment, rather than interest income, by reducing your basis in the bond. I need a 1040x form See Accrued interest on bonds under How To Report Interest Income in chapter 1 of Publication 550 for information on reporting the payment. I need a 1040x form Insurance Life insurance proceeds paid to you as beneficiary of the insured person are usually not taxable. I need a 1040x form But if you receive the proceeds in installments, you must usually report a part of each installment payment as interest income. I need a 1040x form For more information about insurance proceeds received in installments, see Publication 525, Taxable and Nontaxable Income. I need a 1040x form Annuity. I need a 1040x form   If you buy an annuity with life insurance proceeds, the annuity payments you receive are taxed as pension and annuity income from a nonqualified plan, not as interest income. I need a 1040x form See chapter 10 for information on pension and annuity income from nonqualified plans. I need a 1040x form State or Local Government Obligations Interest on a bond used to finance government operations generally is not taxable if the bond is issued by a state, the District of Columbia, a possession of the United States, or any of their political subdivisions. I need a 1040x form Bonds issued after 1982 (including tribal economic development bonds issued after February 17, 2009) by an Indian tribal government are treated as issued by a state. I need a 1040x form Interest on these bonds is generally tax exempt if the bonds are part of an issue of which substantially all proceeds are to be used in the exercise of any essential government function. I need a 1040x form For information on federally guaranteed bonds, mortgage revenue bonds, arbitrage bonds, private activity bonds, qualified tax credit bonds, and Build America bonds, see State or Local Government Obligations in chapter 1 of Publication 550. I need a 1040x form Information reporting requirement. I need a 1040x form   If you must file a tax return, you are required to show any tax-exempt interest you received on your return. I need a 1040x form This is an information reporting requirement only. I need a 1040x form It does not change tax-exempt interest to taxable interest. I need a 1040x form Original Issue Discount (OID) Original issue discount (OID) is a form of interest. I need a 1040x form You generally include OID in your income as it accrues over the term of the debt instrument, whether or not you receive any payments from the issuer. I need a 1040x form A debt instrument generally has OID when the instrument is issued for a price that is less than its stated redemption price at maturity. I need a 1040x form OID is the difference between the stated redemption price at maturity and the issue price. I need a 1040x form All debt instruments that pay no interest before maturity are presumed to be issued at a discount. I need a 1040x form Zero coupon bonds are one example of these instruments. I need a 1040x form The OID accrual rules generally do not apply to short-term obligations (those with a fixed maturity date of 1 year or less from date of issue). I need a 1040x form See Discount on Short-Term Obligations in chapter 1 of Publication 550. I need a 1040x form De minimis OID. I need a 1040x form   You can treat the discount as zero if it is less than one-fourth of 1% (. I need a 1040x form 0025) of the stated redemption price at maturity multiplied by the number of full years from the date of original issue to maturity. I need a 1040x form This small discount is known as “de minimis” OID. I need a 1040x form Example 1. I need a 1040x form You bought a 10-year bond with a stated redemption price at maturity of $1,000, issued at $980 with OID of $20. I need a 1040x form One-fourth of 1% of $1,000 (stated redemption price) times 10 (the number of full years from the date of original issue to maturity) equals $25. I need a 1040x form Because the $20 discount is less than $25, the OID is treated as zero. I need a 1040x form (If you hold the bond at maturity, you will recognize $20 ($1,000 − $980) of capital gain. I need a 1040x form ) Example 2. I need a 1040x form The facts are the same as in Example 1, except that the bond was issued at $950. I need a 1040x form The OID is $50. I need a 1040x form Because the $50 discount is more than the $25 figured in Example 1, you must include the OID in income as it accrues over the term of the bond. I need a 1040x form Debt instrument bought after original issue. I need a 1040x form   If you buy a debt instrument with de minimis OID at a premium, the discount is not includible in income. I need a 1040x form If you buy a debt instrument with de minimis OID at a discount, the discount is reported under the market discount rules. I need a 1040x form See Market Discount Bonds in chapter 1 of Publication 550. I need a 1040x form Exceptions to reporting OID. I need a 1040x form   The OID rules discussed in this chapter do not apply to the following debt instruments. I need a 1040x form Tax-exempt obligations. I need a 1040x form (However, see Stripped tax-exempt obligations under Stripped Bonds and Coupons in chapter 1 of Publication 550). I need a 1040x form U. I need a 1040x form S. I need a 1040x form savings bonds. I need a 1040x form Short-term debt instruments (those with a fixed maturity date of not more than 1 year from the date of issue). I need a 1040x form Obligations issued by an individual before March 2, 1984. I need a 1040x form Loans between individuals if all the following are true. I need a 1040x form The lender is not in the business of lending money. I need a 1040x form The amount of the loan, plus the amount of any outstanding prior loans between the same individuals, is $10,000 or less. I need a 1040x form Avoiding any federal tax is not one of the principal purposes of the loan. I need a 1040x form Form 1099-OID. I need a 1040x form   The issuer of the debt instrument (or your broker if you held the instrument through a broker) should give you Form 1099-OID, or a similar statement, if the total OID for the calendar year is $10 or more. I need a 1040x form Form 1099-OID will show, in box 1, the amount of OID for the part of the year that you held the bond. I need a 1040x form It also will show, in box 2, the stated interest you must include in your income. I need a 1040x form A copy of Form 1099-OID will be sent to the IRS. I need a 1040x form Do not file your copy with your return. I need a 1040x form Keep it for your records. I need a 1040x form   In most cases, you must report the entire amount in boxes 1 and 2 of Form 1099-OID as interest income. I need a 1040x form But see Refiguring OID shown on Form 1099-OID, later in this discussion, for more information. I need a 1040x form Form 1099-OID not received. I need a 1040x form   If you had OID for the year but did not receive a Form 1099-OID, you can find tables on IRS. I need a 1040x form gov that list total OID on certain debt instruments and have information that will help you figure OID. I need a 1040x form For the latest OID tables, go to www. I need a 1040x form irs. I need a 1040x form gov and enter “OID tables” in the Search box. I need a 1040x form If your debt instrument is not listed, consult the issuer for further information about the accrued OID for the year. I need a 1040x form Nominee. I need a 1040x form   If someone else is the holder of record (the registered owner) of an OID instrument belonging to you and receives a Form 1099-OID on your behalf, that person must give you a Form 1099-OID. I need a 1040x form Refiguring OID shown on Form 1099-OID. I need a 1040x form   You must refigure the OID shown in box 1 or box 8 of Form 1099-OID if either of the following apply. I need a 1040x form You bought the debt instrument after its original issue and paid a premium or an acquisition premium. I need a 1040x form The debt instrument is a stripped bond or a stripped coupon (including certain zero coupon instruments). I need a 1040x form For information about figuring the correct amount of OID to include in your income, see Figuring OID on Long-Term Debt Instruments in Publication 1212. I need a 1040x form Refiguring periodic interest shown on Form 1099-OID. I need a 1040x form   If you disposed of a debt instrument or acquired it from another holder during the year, see Bonds Sold Between Interest Dates , earlier, for information about the treatment of periodic interest that may be shown in box 2 of Form 1099-OID for that instrument. I need a 1040x form Certificates of deposit (CDs). I need a 1040x form   If you buy a CD with a maturity of more than 1 year, you must include in income each year a part of the total interest due and report it in the same manner as other OID. I need a 1040x form   This also applies to similar deposit arrangements with banks, building and loan associations, etc. I need a 1040x form , including: Time deposits, Bonus plans, Savings certificates, Deferred income certificates, Bonus savings certificates, and Growth savings certificates. I need a 1040x form Bearer CDs. I need a 1040x form   CDs issued after 1982 generally must be in registered form. I need a 1040x form Bearer CDs are CDs not in registered form. I need a 1040x form They are not issued in the depositor's name and are transferable from one individual to another. I need a 1040x form   Banks must provide the IRS and the person redeeming a bearer CD with a Form 1099-INT. I need a 1040x form More information. I need a 1040x form   See chapter 1 of Publication 550 for more information about OID and related topics, such as market discount bonds. I need a 1040x form When To Report Interest Income When to report your interest income depends on whether you use the cash method or an accrual method to report income. I need a 1040x form Cash method. I need a 1040x form   Most individual taxpayers use the cash method. I need a 1040x form If you use this method, you generally report your interest income in the year in which you actually or constructively receive it. I need a 1040x form However, there are special rules for reporting the discount on certain debt instruments. I need a 1040x form See U. I need a 1040x form S. I need a 1040x form Savings Bonds and Original Issue Discount (OID) , earlier. I need a 1040x form Example. I need a 1040x form On September 1, 2011, you loaned another individual $2,000 at 12%, compounded annually. I need a 1040x form You are not in the business of lending money. I need a 1040x form The note stated that principal and interest would be due on August 31, 2013. I need a 1040x form In 2013, you received $2,508. I need a 1040x form 80 ($2,000 principal and $508. I need a 1040x form 80 interest). I need a 1040x form If you use the cash method, you must include in income on your 2013 return the $508. I need a 1040x form 80 interest you received in that year. I need a 1040x form Constructive receipt. I need a 1040x form   You constructively receive income when it is credited to your account or made available to you. I need a 1040x form You do not need to have physical possession of it. I need a 1040x form For example, you are considered to receive interest, dividends, or other earnings on any deposit or account in a bank, savings and loan, or similar financial institution, or interest on life insurance policy dividends left to accumulate, when they are credited to your account and subject to your withdrawal. I need a 1040x form This is true even if they are not yet entered in your passbook. I need a 1040x form   You constructively receive income on the deposit or account even if you must: Make withdrawals in multiples of even amounts, Give a notice to withdraw before making the withdrawal, Withdraw all or part of the account to withdraw the earnings, or Pay a penalty on early withdrawals, unless the interest you are to receive on an early withdrawal or redemption is substantially less than the interest payable at maturity. I need a 1040x form Accrual method. I need a 1040x form   If you use an accrual method, you report your interest income when you earn it, whether or not you have received it. I need a 1040x form Interest is earned over the term of the debt instrument. I need a 1040x form Example. I need a 1040x form If, in the previous example, you use an accrual method, you must include the interest in your income as you earn it. I need a 1040x form You would report the interest as follows: 2011, $80; 2012, $249. I need a 1040x form 60; and 2013, $179. I need a 1040x form 20. I need a 1040x form Coupon bonds. I need a 1040x form   Interest on coupon bonds is taxable in the year the coupon becomes due and payable. I need a 1040x form It does not matter when you mail the coupon for payment. I need a 1040x form How To Report Interest Income Generally, you report all your taxable interest income on Form 1040, line 8a; Form 1040A, line 8a; or Form 1040EZ, line 2. I need a 1040x form You cannot use Form 1040EZ if your taxable interest income is more than $1,500. I need a 1040x form Instead, you must use Form 1040A or Form 1040. I need a 1040x form Form 1040A. I need a 1040x form   You must complete Schedule B (Form 1040A or 1040), Part I, if you file Form 1040A and any of the following are true. I need a 1040x form Your taxable interest income is more than $1,500. I need a 1040x form You are claiming the interest exclusion under the Education Savings Bond Program (discussed earlier). I need a 1040x form You received interest from a seller-financed mortgage, and the buyer used the property as a home. I need a 1040x form You received a Form 1099-INT for U. I need a 1040x form S. I need a 1040x form savings bond interest that includes amounts you reported before 2013. I need a 1040x form You received, as a nominee, interest that actually belongs to someone else. I need a 1040x form You received a Form 1099-INT for interest on frozen deposits. I need a 1040x form You are reporting OID in an amount less than the amount shown on Form 1099-OID. I need a 1040x form You received a Form 1099-INT for interest on a bond you bought between interest payment dates. I need a 1040x form You acquired taxable bonds after 1987 and choose to reduce interest income from the bonds by any amortizable bond premium (see Bond Premium Amortization in chapter 3 of Publication 550). I need a 1040x form List each payer's name and the amount of interest income received from each payer on line 1. I need a 1040x form If you received a Form 1099-INT or Form 1099-OID from a brokerage firm, list the brokerage firm as the payer. I need a 1040x form   You cannot use Form 1040A if you must use Form 1040, as described next. I need a 1040x form Form 1040. I need a 1040x form   You must use Form 1040 instead of Form 1040A or Form 1040EZ if: You forfeited interest income because of the early withdrawal of a time deposit; You acquired taxable bonds after 1987, you choose to reduce interest income from the bonds by any amortizable bond premium, and you are deducting the excess of bond premium amortization for the accrual period over the qualified stated interest for the period (see Bond Premium Amortization in chapter 3 of Publication 550); or You received tax-exempt interest from private activity bonds issued after August 7, 1986. I need a 1040x form Schedule B (Form 1040A or 1040). I need a 1040x form   You must complete Schedule B (Form 1040A or 1040), Part I, if you file Form 1040 and any of the following apply. I need a 1040x form Your taxable interest income is more than $1,500. I need a 1040x form You are claiming the interest exclusion under the Education Savings Bond Program (discussed earlier). I need a 1040x form You received interest from a seller-financed mortgage, and the buyer used the property as a home. I need a 1040x form You received a Form 1099-INT for U. I need a 1040x form S. I need a 1040x form savings bond interest that includes amounts you reported before 2013. I need a 1040x form You received, as a nominee, interest that actually belongs to someone else. I need a 1040x form You received a Form 1099-INT for interest on frozen deposits. I need a 1040x form You received a Form 1099-INT for interest on a bond you bought between interest payment dates. I need a 1040x form You are reporting OID in an amount less than the amount shown on Form 1099-OID. I need a 1040x form Statement (2) in the preceding list under Form 1040 is true. I need a 1040x form In Part I, line 1, list each payer's name and the amount received from each. I need a 1040x form If you received a Form 1099-INT or Form 1099-OID from a brokerage firm, list the brokerage firm as the payer. I need a 1040x form Reporting tax-exempt interest. I need a 1040x form   Total your tax-exempt interest (such as interest or accrued OID on certain state and municipal bonds, including tax-exempt interest on zero coupon municipal bonds) and exempt-interest dividends from a mutual fund as shown on Form 1099-INT, box 8, and on Form 1099-DIV, box 10. I need a 1040x form Add these amounts to any other tax-exempt interest you received. I need a 1040x form Report the total on line 8b of Form 1040A or 1040. I need a 1040x form   If you file Form 1040EZ, enter “TEI” and the amount in the space to the left of line 2. I need a 1040x form Do not add tax-exempt interest in the total on Form 1040EZ, line 2. I need a 1040x form   Form 1099-INT, box 9, and Form 1099-DIV, box 11, show the tax-exempt interest subject to the alternative minimum tax on Form 6251. I need a 1040x form These amounts are already included in the amounts on Form 1099-INT, box 8, and Form 1099-DIV, box 10. I need a 1040x form Do not add the amounts in Form 1099-INT, box 9 and Form 1099-DIV, box 11 to, or subtract them from, the amounts on Form 1099-INT, box 8, and Form 1099-DIV, box 10. I need a 1040x form    Do not report interest from an individual retirement account (IRA) as tax-exempt interest. I need a 1040x form Form 1099-INT. I need a 1040x form   Your taxable interest income, except for interest from U. I need a 1040x form S. I need a 1040x form savings bonds and Treasury obligations, is shown in box 1 of Form 1099-INT. I need a 1040x form Add this amount to any other taxable interest income you received. I need a 1040x form You must report all of your taxable interest income even if you do not receive a Form 1099-INT. I need a 1040x form Generally, contact your financial institution if you do not receive a Form 1099-INT by February 15. I need a 1040x form Your identifying number may be truncated on any paper Form 1099-INT you receive. I need a 1040x form   If you forfeited interest income because of the early withdrawal of a time deposit, the deductible amount will be shown on Form 1099-INT in box 2. I need a 1040x form See Penalty on early withdrawal of savings in chapter 1 of Publication 550. I need a 1040x form   Box 3 of Form 1099-INT shows the interest income you received from U. I need a 1040x form S. I need a 1040x form savings bonds, Treasury bills, Treasury notes, and Treasury bonds. I need a 1040x form Add the amount shown in box 3 to any other taxable interest income you received, unless part of the amount in box 3 was previously included in your interest income. I need a 1040x form If part of the amount shown in box 3 was previously included in your interest income, see U. I need a 1040x form S. I need a 1040x form savings bond interest previously reported , later. I need a 1040x form   Box 4 of Form 1099-INT will contain an amount if you were subject to backup withholding. I need a 1040x form Report the amount from box 4 on Form 1040EZ, line 7; on Form 1040A, line 36; or Form 1040, line 62 (federal income tax withheld). I need a 1040x form   Box 5 of Form 1099-INT shows investment expenses you may be able to deduct as an itemized deduction. I need a 1040x form See chapter 28 for more information about investment expenses. I need a 1040x form   If there are entries in boxes 6 and 7 of Form 1099-INT, you must file Form 1040. I need a 1040x form You may be able to take a credit for the amount shown in box 6 unless you deduct this amount on line 8 of Schedule A (Form 1040). I need a 1040x form To take the credit, you may have to file Form 1116, Foreign Tax Credit. I need a 1040x form For more information, see Publication 514, Foreign Tax Credit for Individuals. I need a 1040x form U. I need a 1040x form S. I need a 1040x form savings bond interest previously reported. I need a 1040x form   If you received a Form 1099-INT for U. I need a 1040x form S. I need a 1040x form savings bond interest, the form may show interest you do not have to report. I need a 1040x form See Form 1099-INT for U. I need a 1040x form S. I need a 1040x form savings bonds interest , earlier, under U. I need a 1040x form S. I need a 1040x form Savings Bonds. I need a 1040x form   On Schedule B (Form 1040A or 1040), Part I, line 1, report all the interest shown on your Form 1099-INT. I need a 1040x form Then follow these steps. I need a 1040x form Several lines above line 2, enter a subtotal of all interest listed on line 1. I need a 1040x form Below the subtotal enter “U. I need a 1040x form S. I need a 1040x form Savings Bond Interest Previously Reported” and enter amounts previously reported or interest accrued before you received the bond. I need a 1040x form Subtract these amounts from the subtotal and enter the result on line 2. I need a 1040x form More information. I need a 1040x form   For more information about how to report interest income, see chapter 1 of Publication 550 or the instructions for the form you must file. I need a 1040x form Prev  Up  Next   Home   More Online Publications