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Should College Students File Taxes

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Should College Students File Taxes

Should college students file taxes 15. Should college students file taxes   Venta de su Vivienda Table of Contents Recordatorio Introduction Useful Items - You may want to see: Vivienda Principal Cómo Calcular las Pérdidas o Ganancias Precio de Venta Cantidad Recibida Base Ajustada Cantidad de Pérdidas o Ganancias Enajenaciones que no Sean Ventas Cómo Determinar la Base Cómo Excluir las GananciasExclusión Máxima Requisitos de Propietario y de Uso Exclusión Máxima Reducida Uso Comercial o Alquiler de Vivienda Cómo Declarar la VentaHipoteca financiada por el vendedor. Should college students file taxes Información adicional. Should college students file taxes Situaciones EspecialesExcepción para ventas a personas emparentadas o vinculadas. Should college students file taxes Recuperación (Devolución) de un Subsidio Hipotecario Federal Recordatorio Venta de vivienda con puntos no deducidos. Should college students file taxes  Si no ha deducido todos los puntos que pagó para asegurar una hipoteca sobre su vivienda anterior, tal vez pueda deducir los puntos restantes en el año de la venta. Should college students file taxes Consulte Hipoteca que termina antes del plazo de vigencia convenido bajo Puntos en el capítulo 23. Should college students file taxes Introduction Este capítulo explica las reglas tributarias que son aplicables cuando vende su vivienda principal. Should college students file taxes En la mayoría de los casos, su vivienda principal es aquélla en la que vive la mayor parte del tiempo. Should college students file taxes Si vendió su vivienda principal en el año 2013, es posible que pueda excluir de sus ingresos todas las ganancias hasta un máximo de $250,000 ($500,000 en una declaración conjunta, en la mayoría de los casos). Should college students file taxes Consulte Cómo Excluir las Ganancias , más adelante. Should college students file taxes Generalmente, si puede excluir todas las ganancias, no es necesario que declare dicha venta en su declaración de impuestos. Should college students file taxes Si tiene ganancias que no se pueden excluir, éstas son tributables. Should college students file taxes Declare estas ganancias en el Formulario 8949, Sales and Other Dispositions of Capital Assets (Ventas y otras enajenaciones de bienes de capital), en inglés, y en el Anexo D (Formulario 1040). Should college students file taxes Es posible que también tenga que llenar el Formulario 4797, Sales of Business Property (Ventas de propiedad comercial), en inglés. Should college students file taxes Consulte Cómo Declarar la Venta , más adelante. Should college students file taxes Si tiene pérdidas de la venta, generalmente no puede deducirlas en su declaración. Should college students file taxes Sin embargo, podría verse obligado a declararlas. Should college students file taxes Consulte Cómo Declarar la Venta , más adelante. Should college students file taxes Los temas principales de este capítulo son los siguientes: Cómo calcular las pérdidas o ganancias. Should college students file taxes Cómo determinar la base. Should college students file taxes Cómo excluir las ganancias. Should college students file taxes Requisitos de propiedad y de uso. Should college students file taxes Cómo declarar la venta. Should college students file taxes Otros temas incluyen lo siguiente: Uso comercial o alquiler de vivienda. Should college students file taxes Recuperación de un subsidio hipotecario federal. Should college students file taxes Useful Items - You may want to see: Publicación 523 Selling Your Home (Venta de su vivienda), en inglés 530 Tax Information for Homeowners (Información tributaria para propietarios de vivienda), en inglés 547(SP) Hechos Fortuitos, Desastres y Robos Formulario (e Instrucciones) Anexo D (Formulario 1040) Capital Gains and Losses (Ganancias y pérdidas de capital), en inglés 982 Reduction of Tax Attributes Due to Discharge of Indebtedness (Reducción de atributos tributarios debido a la liquidación de deudas), en inglés 8828 Recapture of Federal Mortgage Subsidy (Recuperación del subsidio hipotecario federal), en inglés 8949 Sales and Other Dispositions of Capital Assets (Ventas y otras enajenaciónes de bienes de capital), en inglés Vivienda Principal Esta sección explica el término “vivienda principal”. Should college students file taxes Generalmente, la vivienda en que usted vive la mayor parte del tiempo es su vivienda principal y puede ser un(a): Casa, Casa flotante, Casa rodante, Apartamento de cooperativa o Condominio. Should college students file taxes Para excluir ganancias según las reglas del presente capítulo, en la mayoría de los casos tiene que haber sido propietario y habitado la propiedad como vivienda principal durante un mínimo de 2 años durante el período de 5 años que termina en la fecha de la venta. Should college students file taxes Terreno. Should college students file taxes   Si vende el terreno en que se encuentra ubicada su vivienda principal, pero no la casa misma, no puede excluir ganancias provenientes de la venta del terreno. Should college students file taxes Sin embargo, si vende terrenos baldíos usados como parte de su vivienda principal y contiguos a la misma, tal vez pueda excluir la ganancia proveniente de la venta de dichos terrenos en ciertos casos. Should college students file taxes Vea Vacant land (Terreno baldío), bajo Main Home (Vivienda principal) en la Publicación 523, en inglés, para más información. Should college students file taxes Ejemplo. Should college students file taxes Compra un terreno y traslada su vivienda principal ahí. Should college students file taxes Luego, vende el terreno en que se encuentra ubicada su vivienda principal. Should college students file taxes Esta venta no se considera venta de su vivienda principal y no puede excluir las ganancias provenientes de la venta del terreno. Should college students file taxes Más de una vivienda. Should college students file taxes   Si es propietario de más de una vivienda, solamente puede excluir las ganancias de la venta de su vivienda principal. Should college students file taxes Tiene que incluir en sus ingresos las ganancias procedentes de la venta de cualquier otra vivienda. Should college students file taxes Si es propietario de dos viviendas y vive en ambas, su vivienda principal generalmente es aquella en que vive la mayor parte del tiempo durante el año. Should college students file taxes Ejemplo 1. Should college students file taxes Usted es propietario de dos casas, una en Nueva York y otra en Florida. Should college students file taxes Entre 2009 y 2013, usted vive en la casa de Nueva York por 7 meses y en la residencia de Florida durante 5 meses de cada año. Should college students file taxes En la ausencia de hechos y circunstancias que indiquen lo contrario, la casa de Nueva York es su vivienda principal. Should college students file taxes Usted califica para la exclusión de la ganancia de la venta de la casa de Nueva York, pero no por la casa en Florida en el 2013. Should college students file taxes Ejemplo 2. Should college students file taxes Usted es propietario de una casa, pero vive en otra casa que alquila. Should college students file taxes La casa alquilada es su vivienda principal. Should college students file taxes Ejemplo 3. Should college students file taxes Usted es propietario de dos casas, una en Virginia y otra en New Hampshire. Should college students file taxes En 2009 y 2010, usted vivió en la casa de Virginia. Should college students file taxes En 2011 y 2012, vivió en la casa de New Hampshire. Should college students file taxes En 2013, vivió otra vez en la casa de Virginia. Should college students file taxes Su residencia principal en 2009, 2010 y 2013 es la residencia de Virginia. Should college students file taxes En 2011 y 2012, su residencia principal es la residencia de New Hampshire. Should college students file taxes Usted reúne los requisitos para la exclusión de la ganancia de la venta de cualesquiera de las casas (pero no ambas) en el 2013. Should college students file taxes Propiedad usada parcialmente como su vivienda principal. Should college students file taxes   Si usa solamente una parte de la propiedad como vivienda principal, las reglas que se abordan en este capítulo son aplicables sólo a las pérdidas o ganancias de la venta de esa parte de la propiedad. Should college students file taxes Para obtener detalles, consulte Uso Comercial o Alquiler de Vivienda , más adelante. Should college students file taxes Cómo Calcular las Pérdidas o Ganancias Para calcular las pérdidas o ganancias procedentes de la venta de su vivienda principal, tiene que saber cuál es el precio de venta, la cantidad recibida y la base ajustada. Should college students file taxes Reste la base ajustada de la cantidad recibida para obtener el total de pérdidas o ganancias. Should college students file taxes     Precio de venta     − Gastos de venta       Cantidad recibida       Cantidad recibida     − Base ajustada       Pérdidas o ganancias   Precio de Venta El precio de venta es la cantidad total que recibe por su vivienda. Should college students file taxes Esto incluye dinero y el valor justo de mercado de cualquier otro bien o servicio que reciba y todos los pagarés, hipotecas u otras deudas que adquiere el comprador como parte de la venta. Should college students file taxes Pago efectuado por su empleador. Should college students file taxes   Es posible que tenga que vender su vivienda debido a un traslado de trabajo. Should college students file taxes Si su empleador le paga las pérdidas originadas por la venta o gastos de venta, no incluya el pago como parte del precio de venta. Should college students file taxes Su empleador incluirá el pago como salario en el recuadro 1 del Formulario W-2 y usted lo incluirá en los ingresos en la línea 7 del Formulario 1040. Should college students file taxes Opción de compra. Should college students file taxes   Si otorga una opción de compra para su vivienda y esa opción se ejecuta, sume al precio de venta de la vivienda la cantidad que reciba por la opción. Should college students file taxes Si la opción no se ejecuta, tiene que declarar la cantidad como ingreso ordinario en el año en que venza la opción. Should college students file taxes Declare esta cantidad en la línea 21 del Formulario 1040. Should college students file taxes Formulario 1099-S. Should college students file taxes   Si recibió el Formulario 1099-S, Proceeds From Real Estate Transactions (Utilidades de transacciones de bienes raíces), en inglés, el recuadro 2 Gross Proceeds (Utilidades brutas) debe mostrar la cantidad total que recibió por su vivienda. Should college students file taxes   Sin embargo, el recuadro 2 no incluirá el valor justo de mercado de servicios o bienes que no sean dinero en efectivo o pagarés que haya recibido o recibirá. Should college students file taxes En lugar de esto, el recuadro 4 estará marcado para indicar que ha recibido (o que se anticipa que va a recibir) estos bienes. Should college students file taxes Cantidad Recibida La cantidad recibida corresponde al precio de venta menos los gastos de venta. Should college students file taxes Gastos de venta. Should college students file taxes   Los gastos de venta incluyen: Comisiones, Cargos por publicidad, Honorarios legales y Cargos de préstamo pagados por el vendedor, como tarifas por colocación de préstamos o “puntos”. Should college students file taxes Base Ajustada Durante el período en el que haya sido propietario de su vivienda, es posible que haya realizado ajustes (aumentos o disminuciones) a la base. Should college students file taxes Esta base ajustada se tiene que determinar antes de poder calcular las pérdidas o ganancias de la venta de su vivienda. Should college students file taxes Para obtener información sobre cómo calcular la base ajustada de su vivienda, consulte Cómo Determinar la Base , más adelante. Should college students file taxes Cantidad de Pérdidas o Ganancias Para calcular la cantidad de pérdidas o ganancias, compare la cantidad recibida con la base ajustada. Should college students file taxes Ganancias de la venta. Should college students file taxes   Si la cantidad recibida es mayor que la base ajustada, la diferencia es una ganancia y, a excepción de cualquier parte que pueda excluir, dicha ganancia suele ser tributable. Should college students file taxes Pérdidas de la venta. Should college students file taxes   Si la cantidad recibida es menor que la base ajustada, la diferencia es una pérdida. Should college students file taxes Las pérdidas provenientes de la venta de su vivienda principal no se pueden deducir. Should college students file taxes Vivienda de propiedad conjunta. Should college students file taxes   Si usted y su cónyuge venden su vivienda de propiedad conjunta y presentan una declaración conjunta, debe calcular sus pérdidas o ganancias como si fueran un solo contribuyente. Should college students file taxes Declaraciones por separado. Should college students file taxes   Si usted y su cónyuge presentan declaraciones por separado, cada uno tiene que calcular sus propias pérdidas o ganancias conforme a su participación en la propiedad de la vivienda. Should college students file taxes Generalmente, dicha participación está determinada por la ley estatal. Should college students file taxes Copropietarios no casados. Should college students file taxes   Si usted y un copropietario que no sea su cónyuge venden su vivienda de propiedad conjunta, cada uno tiene que calcular sus propias pérdidas o ganancias conforme a su participación en la propiedad de la vivienda. Should college students file taxes Cada uno debe aplicar las reglas que se abordan en este capítulo de manera individual. Should college students file taxes Enajenaciones que no Sean Ventas Hay ciertas reglas especiales para otras enajenaciones de su vivienda principal. Should college students file taxes Ejecución hipotecaria o embargo de bienes. Should college students file taxes   Si su vivienda estuvo sujeta a juicio hipotecario o embargo, ésto se considera enajenación de la vivienda principal. Should college students file taxes Consulte la Publicación 4681, Canceled Debts, Foreclosures, Repossessions, and Abandonments (Deudas canceladas, ejecuciones hipotecarias, embargo y abandonos), en inglés, para calcular si tiene ingreso ordinario, pérdidas o ganancias. Should college students file taxes Abandono. Should college students file taxes   Si abandona su vivienda, vea la Publicación 4681, en inglés, para determinar si usted tiene ingresos ordinarios, ganancia o pérdida. Should college students file taxes Intercambio de viviendas. Should college students file taxes   Si intercambia su antigua vivienda por otra, trate el intercambio como una compraventa. Should college students file taxes Ejemplo. Should college students file taxes Usted habitaba y era propietario de una vivienda que tenía una base ajustada de $41,000. Should college students file taxes Un agente de bienes raíces aceptó su antigua vivienda por un valor de $50,000 como pago parcial para la compra de una nueva vivienda con un valor de $80,000. Should college students file taxes Esta transacción se trata como venta de su antigua vivienda por $50,000 con una ganancia de $9,000 ($50,000 – $41,000). Should college students file taxes Si el agente de bienes raíces le hubiese concedido $27,000 y hubiese asumido su hipoteca por pagar de $23,000 sobre su antigua vivienda, el precio de venta aún sería $50,000 (los $27,000 concedidos para el intercambio más la hipoteca de $23,000 que asumió). Should college students file taxes Traspaso a cónyuge. Should college students file taxes   Si traspasa su vivienda a su cónyuge, o lo traspasa a su ex cónyuge por causa de divorcio, en la mayoría de los casos no hay pérdidas ni ganancias. Should college students file taxes Esto es cierto aun si recibe dinero en efectivo u otra compensación por su vivienda. Should college students file taxes Por lo tanto, no son aplicables las reglas de este capítulo. Should college students file taxes Información adicional. Should college students file taxes   Si necesita más información, consulte Transfer to spouse (Traspaso a cónyuge) en la Publicación 523, y Property Settlements (Liquidaciones de bienes) en la Publicación 504, Divorced or Separated Individuals (Personas divorciadas o separadas), ambas en inglés. Should college students file taxes Conversión involuntaria. Should college students file taxes   Si su vivienda es destruida o expropiada, y usted recibe dinero u otros bienes a cambio, como el pago de un seguro o indemnización por causa de expropiación forzosa, esto es una enajenación. Should college students file taxes Esto se considera una venta y quizás pueda excluir la totalidad o parte de la ganancia proveniente de la destrucción o expropiación de su vivienda, según se explica más adelante, bajo Situaciones Especiales . Should college students file taxes Cómo Determinar la Base Debe saber cuál es la base de su vivienda para poder calcular toda pérdida o ganancia al momento de la venta. Should college students file taxes La base de su vivienda se determina dependiendo de cómo la obtuvo. Should college students file taxes Generalmente, la base es el costo de la vivienda si la compró o construyó. Should college students file taxes Si la obtuvo de alguna otra manera (herencia, regalo, etc. Should college students file taxes ), la base, por lo general, es el valor justo de mercado cuando la recibió o la base ajustada del dueño anterior. Should college students file taxes Mientras fue propietario de su vivienda, es posible que realizara ajustes (aumentos o disminuciones) a la base de su vivienda. Should college students file taxes El resultado de estos ajustes es la base ajustada de la vivienda, la cual se usa para calcular las pérdidas o ganancias de la venta de la misma. Should college students file taxes Consulte Base Ajustada , más adelante. Should college students file taxes Puede obtener más información sobre la base y la base ajustada en el capítulo 13 de esta publicación y en la Publicación 523, en inglés. Should college students file taxes Costo como Base El costo de la propiedad es la cantidad que pagó por ella en efectivo o a través de obligaciones de deuda, otros bienes o servicios. Should college students file taxes Compra. Should college students file taxes   Si compró una vivienda, la base es lo que a usted le cuesta. Should college students file taxes Esto incluye el precio de compra y ciertos costos de cierre. Should college students file taxes En la mayoría de los casos, el precio de compra incluye su pago inicial o enganche y toda deuda que haya entregado al vendedor en pago por la vivienda, como una primera o segunda hipoteca o pagarés. Should college students file taxes Si construye una vivienda o contrata a terceros para construirla, su precio de compra puede incluir los costos de construcción, como se explica en la Publicación 523, en inglés. Should college students file taxes Gastos de transacción o costos de cierre. Should college students file taxes   Al momento de comprar su vivienda, es posible que haya tenido costos de cierre además del precio del contrato de la propiedad. Should college students file taxes Puede incluir en la base algunos de los gastos de transacción y costos de cierre que pagó por la compra de la vivienda, pero no puede incluir en la base los cargos y costos por la obtención de un préstamo hipotecario. Should college students file taxes Un cargo que se paga por la compra de la vivienda es todo cargo que hubiera tenido que pagar aún si hubiera pagado por ella en efectivo (es decir, sin tener que financiarla). Should college students file taxes   El capítulo 13 indica algunos de los gastos de transacción y costos de cierre que puede incluir en la base de su propiedad, incluida su vivienda. Should college students file taxes Asimismo, indica algunos de los costos de cierre que no se pueden incluir en la base. Should college students file taxes   Además, consulte la Publicación 523, en inglés, para información adicional y una definición de la base distinta a la del costo. Should college students file taxes Base Ajustada La base ajustada es su costo u otra base a la que se le restan o suman ciertas cantidades. Should college students file taxes Para calcular su base ajustada, puede utilizar la Hoja de Trabajo 1 de la Publicación 523, en inglés. Should college students file taxes No utilice la Hoja de Trabajo 1 si adquirió participación en su vivienda de un difunto que falleció en 2010 y cuyo albacea ha presentado el Formulario 8939, Allocation of Increase in Basis for Property Acquired From a Decedent (Distribución del aumento en la base de propiedad adquirida de un difunto), en inglés. Should college students file taxes Aumentos a la base. Should college students file taxes   Incluyen lo siguiente: Ampliación y otras mejoras que tengan una vida útil superior a 1 año. Should college students file taxes Tasaciones especiales para mejoras locales. Should college students file taxes Toda cantidad que usted haya gastado después de un hecho fortuito para restaurar la propiedad dañada. Should college students file taxes Mejoras. Should college students file taxes   Éstas agregan valor a su vivienda, prolongan su vida útil o la adaptan para nuevos usos. Should college students file taxes Debe sumar a la base de la propiedad el costo de las ampliaciones y otras mejoras realizadas. Should college students file taxes   Por ejemplo, instalar una sala de recreación u otro baño en su sótano sin mejoras, levantar una cerca nueva, instalar nueva plomería o cablería, colocar un nuevo techo o pavimentar la entrada al garaje son actividades que constituyen mejoras. Should college students file taxes Una ampliación a su vivienda, como una nueva terraza, un solario o un garaje, también constituye una mejora. Should college students file taxes Reparaciones. Should college students file taxes   Éstas mantienen su vivienda en buenas condiciones, pero no le agregan valor ni prolongan su vida útil. Should college students file taxes No sume el costo a la base de su propiedad. Should college students file taxes   Pintar el interior y exterior de su casa, reparar canaletas o pisos, reparar goteras o yeso y reemplazar ventanas rotas son ejemplos de reparaciones. Should college students file taxes Disminuciones a la base. Should college students file taxes   Incluyen lo siguiente: Liquidaciones de la deuda calificada sobre la vivienda principal excluidas de ingreso. Should college students file taxes La cancelación parcial o completa del ingreso por una deuda que se excluyó debido a su quiebra o insolvencia. Should college students file taxes Para obtener más detalles, vea la Publicación 4681, en inglés. Should college students file taxes Ganancias aplazadas provenientes de la venta de una vivienda anterior antes del 7 de mayo de 1997. Should college students file taxes Pérdidas fortuitas deducibles. Should college students file taxes Pagos de seguro que haya recibido o que espera recibir por pérdidas fortuitas. Should college students file taxes Pagos que haya recibido por otorgar una servidumbre o un derecho de paso. Should college students file taxes Depreciación permitida o permisible si usó su vivienda para fines comerciales o de alquiler. Should college students file taxes Créditos relacionados con la eficiencia energética, permitidos por gastos incurridos en el hogar. Should college students file taxes Reste del aumento a la base, que de otra manera se permitiría por gastos en la vivienda, por la cantidad del crédito permitido por dichos gastos. Should college students file taxes Crédito tributario por adopción que haya declarado por mejoras agregadas a la base de su vivienda. Should college students file taxes Pagos no tributables de un programa de asistencia para adopción de su empleador que haya utilizado para mejoras realizadas agregadas a la base de su vivienda. Should college students file taxes Subsidio por ahorro de energía excluido de su ingreso bruto porque lo recibió (directa o indirectamente) de alguno de los servicios públicos después de 1992 para comprar o instalar un medio de ahorro de energía. Should college students file taxes Un medio de ahorro de energía es una instalación o modificación principalmente diseñada para reducir el consumo de electricidad o gas natural, o para mejorar el uso de la demanda de energía de una vivienda. Should college students file taxes Crédito tributario para el comprador de su primera vivienda en el Distrito de Columbia (permisible para la compra de una primera vivienda en el Distrito de Columbia a partir del 5 de agosto de 1997 y antes del 1 de enero del 2012). Should college students file taxes Impuesto general de ventas (permitido a partir del 2004 y antes del 2014) reclamado como una deducción detallada en el Anexo A (Formulario 1040) que fue impuesto por la compra de bienes muebles, tales como una casa flotante usada como su hogar or casa móvil. Should college students file taxes Liquidaciones de la deuda calificada sobre la vivienda principal. Should college students file taxes   Quizás pueda excluir de los ingresos brutos una liquidación de la deuda calificada sobre una vivienda principal. Should college students file taxes Esta exclusión corresponde a liquidaciones efectuadas después de 2006 y antes de 2014. Should college students file taxes Si opta por excluir estos ingresos, tiene que restar de la base de la vivienda principal (pero no por debajo de cero) la cantidad excluida de los ingresos brutos. Should college students file taxes   Presente el Formulario 982, en inglés, junto con la declaración de impuestos. Should college students file taxes Vea las instrucciones del mismo para información detallada. Should college students file taxes Documentación. Should college students file taxes Debe mantener documentación para demostrar la base ajustada de su vivienda. Should college students file taxes Normalmente, tiene que conservar dicha documentación durante 3 años después de la fecha de vencimiento para presentar la declaración del año tributario en el que vendió su vivienda. Should college students file taxes Sin embargo, si vendió su vivienda antes del 7 de mayo de 1997 y aplazó el impuesto sobre las ganancias, la base de esa vivienda afecta la base de la nueva vivienda que compró. Should college students file taxes Conserve la documentación que demuestre la base de ambas viviendas todo el tiempo que sea necesario para efectos de impuestos. Should college students file taxes La documentación que debe conservar incluye: Comprobante del precio de compra y gastos de compra de la vivienda; Comprobantes y otra documentación de todas las mejoras, ampliaciones y otros elementos que afecten la base ajustada de la vivienda; Toda hoja de trabajo y otros cálculos que haya usado para calcular la base ajustada de la vivienda que vendió, las ganancias o pérdidas de la venta, la exclusión y las ganancias tributables; Todo Formulario 982, en inglés, que haya presentado para declarar una liquidación de la deuda calificada sobre la vivienda principal; Todo Formulario 2119, Sale of Your Home (Venta de su vivienda), en inglés, que haya presentado para aplazar la ganancia proveniente de la venta de una vivienda anterior antes del 7 de mayo de 1997 y Toda hoja de trabajo que haya usado para preparar el Formulario 2119, como la Adjusted Basis of Home Sold Worksheet (Hoja de trabajo de base ajustada de vivienda vendida) o Capital Improvements Worksheet (Hoja de trabajo de mejoras de capital) de las Instrucciones del Formulario 2119, en inglés, u otra fuente de cálculos. Should college students file taxes Cómo Excluir las Ganancias Es posible que reúna los requisitos para excluir de su ingreso la totalidad o parte de las ganancias obtenidas de la venta de su vivienda principal. Should college students file taxes Esto significa que, si reúne los requisitos, no tendrá que pagar impuestos sobre las ganancias hasta el límite descrito bajo Exclusión Máxima , presentado a continuación. Should college students file taxes Para tener derecho a esta opción, tiene que satisfacer los requisitos de propietario y de uso que se describen más adelante. Should college students file taxes Puede optar por no declarar la exclusión, incluyendo las ganancias obtenidas de la venta en los ingresos brutos en su declaración de impuestos para el año de la venta. Should college students file taxes Puede utilizar la Hoja de Trabajo 2 de la Publicación 523 para calcular la cantidad de la exclusión y ganancia tributable, si la hubiera. Should college students file taxes Si obtiene alguna ganancia tributable de la venta de su vivienda, podría verse obligado a aumentar la retención del impuesto o pagar impuestos estimados. Should college students file taxes Vea la Publicación 505, Tax Withholding and Estimated Tax (Retención del impuesto e impuesto estimado), en inglés. Should college students file taxes Exclusión Máxima Puede excluir hasta $250,000 de las ganancias (aparte de las ganancias asignadas a períodos de uso no calificadas) de la venta de su vivienda principal si se cumplen todas las siguientes condiciones: Usted reúne los requisitos de propietario. Should college students file taxes Usted reúne los requisitos de uso. Should college students file taxes Durante el período de 2 años inmediatamente anterior a la fecha de la venta no excluyó ganancias obtenidas de la venta de otra vivienda. Should college students file taxes Para detalles sobre ganancias asignadas a períodos de uso no calificados, vea Períodos de uso no calificado, más adelante. Should college students file taxes Tal vez pueda excluir hasta $500,000 de las ganancias (aparte de las ganancias asignadas a períodos de uso no calificadas) obtenidas de la venta de su vivienda principal si está casado, presenta una declaración conjunta y reúne los requisitos enumerados en el tema sobre las reglas especiales correspondientes a declaraciones conjuntas, bajo Personas Casadas , más adelante. Should college students file taxes Requisitos de Propietario y de Uso Para reclamar una exclusión, tiene que satisfacer los requisitos de propietario y de uso. Should college students file taxes Esto significa que durante el período de 5 años inmediatamente anterior a la fecha de la venta, usted tiene que haber: Sido propietario de la vivienda durante un mínimo de 2 años (requisito de propietario) y Vivido en la vivienda como su vivienda principal durante un mínimo de 2 años (requisito de uso). Should college students file taxes Excepción. Should college students file taxes   Si fue propietario y vivió en la propiedad como su vivienda principal por menos de 2 años, en algunos casos aún puede reclamar una exclusión. Should college students file taxes Sin embargo, la cantidad máxima que podría excluir sería menor. Should college students file taxes Consulte Exclusión Máxima Reducida , más adelante. Should college students file taxes Ejemplo 1 —posesión y ocupación de la vivienda durante 2 años. Should college students file taxes Amanda compró su vivienda principal y se mudó a ésta en septiembre del año 2011. Should college students file taxes Vendió la vivienda con ganancias en octubre de 2013. Should college students file taxes Durante el período de 5 años que finalizó en la fecha de la venta en octubre de 2013, ella fue propietaria de la vivienda y vivió en ella más de 2 años. Should college students file taxes Por lo tanto, satisface los requisitos de propietario y de uso. Should college students file taxes Ejemplo 2 —satisfacción del requisito de propiedad, pero no de uso. Should college students file taxes Daniel compró una vivienda, vivió en ella durante 6 meses, se mudó y nunca volvió a vivir en la casa. Should college students file taxes Luego la vendió con ganancias. Should college students file taxes Fue propietario de la vivienda durante el período completo de 5 años inmediatamente anterior a la fecha de la venta. Should college students file taxes Él satisface el requisito de propietario, pero no el de uso. Should college students file taxes No puede excluir ninguna parte de sus ganancias procedentes de la venta, a menos que haya reunido los requisitos para una exclusión máxima reducida (como se explica más adelante). Should college students file taxes Período de Propietario y de Uso Los 2 años de propietario y de uso requeridos durante el período de 5 años inmediatamente anterior a la fecha de la venta no tienen que ser continuos ni ocurrir simultáneamente. Should college students file taxes Satisface los requisitos si puede demostrar que fue propietario y vivió en la propiedad como su vivienda principal durante 24 meses completos o 730 días (365 × 2) durante el período de 5 años inmediatamente anterior a la fecha de la venta. Should college students file taxes Ausencia temporal. Should college students file taxes   Las ausencias temporales breves por vacaciones u otras ausencias estacionales, aun si alquila la propiedad durante estas ausencias, se consideran períodos de uso. Should college students file taxes En los siguientes ejemplos, se supone que la exclusión máxima reducida (explicada más adelante) no es aplicable a las ventas. Should college students file taxes Ejemplo 1. Should college students file taxes David Gallegos, soltero, compró una vivienda y se mudó a ella el 1 de febrero de 2011. Should college students file taxes En 2011 y 2012, David se ausentó de su casa en el verano por dos meses mientras se tomaba unas vacaciones. Should college students file taxes Vendió la casa el 1 de marzo del año 2013. Should college students file taxes Aunque el período total en el que David usó su casa es menos de 2 años (21 meses), puede excluir toda ganancia hasta $250,000 ya que cumple con los requisitos. Should college students file taxes Las vacaciones de 2 meses son ausencias cortas temporales y se cuentan como períodos de uso al determinar si David usó la casa los 2 años exigidos. Should college students file taxes Ejemplo 2. Should college students file taxes El profesor Pablo Barba, soltero, compró una casa y se mudó a ella el 18 de agosto de 2010. Should college students file taxes Vivió en ella como su vivienda principal en forma continua hasta el 5 de enero de 2012, fecha en que viajó al extranjero para disfrutar de un año sabático. Should college students file taxes El 6 de febrero de 2013, un mes después de regresar de la ausencia, vendió la casa con ganancias. Should college students file taxes Dado que su ausencia no fue una ausencia temporal breve, no puede incluir el período de ausencia para satisfacer el requisito de uso de 2 años. Should college students file taxes No puede excluir parte alguna de sus ganancias porque no usó ese domicilio por los 2 años exigidos. Should college students file taxes Satisfacción de los requisitos de propietario y de uso durante períodos diferentes. Should college students file taxes   Puede satisfacer los requisitos de propietario y de uso durante períodos diferentes de 2 años. Should college students file taxes Sin embargo, tiene que satisfacer ambos requisitos durante el período de 5 años inmediatamente anterior a la fecha de la venta. Should college students file taxes Ejemplo. Should college students file taxes A partir del 2002, Elena Jara vivía en un apartamento alquilado. Should college students file taxes Posteriormente, el edificio de apartamentos se transformó en condominios y compró su mismo apartamento el 3 de diciembre de 2010. Should college students file taxes En el año 2011, Elena se enfermó y el 14 de abril de ese año se mudó a la casa de su hija. Should college students file taxes El 12 de julio de 2013, mientras aún vivía en casa de su hija, Elena vendió su condominio. Should college students file taxes Elena puede excluir las ganancias provenientes de la venta de su condominio porque satisfizo los requisitos de propietario y de uso durante el período de 5 años del 13 de julio de 2008 al 12 de julio de 2013, fecha en que vendió su condominio. Should college students file taxes Ella fue propietaria del condominio desde el 3 de diciembre del año 2010 hasta el 12 de julio del año 2013 (más de 2 años). Should college students file taxes Vivió en la propiedad desde el 13 de julio del año 2008 (inicio del período de 5 años) hasta el 14 de abril del año 2011 (más de 2 años). Should college students file taxes El tiempo que Elena vivió en la casa de su hija durante el período de 5 años se puede contar para el período de propietario y el tiempo que vivió en su apartamento alquilado durante esos 5 años se puede contar para el período de uso. Should college students file taxes Apartamento de cooperativa. Should college students file taxes   Si, como inquilino-accionista, vendió acciones en una cooperativa de viviendas, los requisitos de propietario y de uso se satisfacen siempre y cuando durante el período de 5 años inmediatamente anterior a la fecha de la venta usted: Haya sido propietario de las acciones durante un mínimo de 2 años y Haya vivido en la casa o apartamento que sus acciones le dan derecho a ocupar como su vivienda principal durante un mínimo de 2 años. Should college students file taxes Excepciones a los Requisitos de Propietario y de Uso Los siguientes temas abordan excepciones a los requisitos de propietario y de uso para ciertos contribuyentes. Should college students file taxes Excepción para personas incapacitadas. Should college students file taxes   Existe una excepción al requisito de uso si: Queda física o mentalmente incapacitado para cuidarse a sí mismo y Fue propietario y vivió en su casa como su vivienda principal por un total mínimo de un año durante el período de 5 años antes de la venta de su vivienda. Should college students file taxes Conforme a esta excepción, se considera que vive en la vivienda durante todo momento en el período de 5 años en que haya sido propietario de ella y haya vivido en un establecimiento (incluido un hogar de ancianos) con licencia emitida por un estado o subdivisión política para cuidar personas en esa situación. Should college students file taxes Si satisface esta excepción al requisito de uso, aún tiene que satisfacer el requisito de propietario de 2 de los 5 años para reclamar la exclusión. Should college students file taxes Vivienda anterior destruida o expropiada. Should college students file taxes   Para fines de los requisitos de propietario y de uso, debe sumar el tiempo que fue propietario y vivió en una vivienda anterior destruida o expropiada y el tiempo que fue propietario y vivió en la vivienda de reemplazo de cuya venta desea excluir las ganancias. Should college students file taxes Esta regla es aplicable si alguna parte de la base de la vivienda que vendió dependía de la base de aquélla destruida o expropiada. Should college students file taxes De lo contrario, tiene que haber sido propietario y vivido en la misma vivienda durante 2 de los 5 años anteriores a la venta, lo cual le permitirá reunir los requisitos para la exclusión. Should college students file taxes Miembros de los servicios uniformados o del Servicio Diplomático, empleados de los servicios de inteligencia o empleados o voluntarios del Cuerpo de Paz. Should college students file taxes   Puede optar por suspender el período del requisito de 5 años de propietario y uso durante todo período en el que usted o su cónyuge preste “servicio prolongado en forma oficial y calificada” como miembro de los servicios uniformados o del Servicio Diplomático de los Estados Unidos o como empleado de los servicios de inteligencia. Should college students file taxes Puede optar por suspender el período del requisito de 5 años de propietario y uso durante el período que usted o su cónyuge preste “servicio prolongado en forma oficial y calificada” en el extranjero como empleado o voluntario inscrito o voluntario líder del Cuerpo de Paz. Should college students file taxes Esto significa que podría satisfacer el requisito de uso de 2 años aún cuando, debido a su servicio, no haya vivido realmente en su casa por lo menos los 2 años requeridos de los 5 años que terminan en la fecha de la venta. Should college students file taxes   Si esto le ayuda a reunir los requisitos para excluir ganancias, puede optar por suspender el período obligatorio de 5 años, presentando una declaración para el año de venta que no incluya las ganancias. Should college students file taxes   Para más información sobre la suspensión del período de 5 años, vea Members of the uniformed services or Foreign Service, employees of the intelligence community, or employees or volunteers of the Peace Corps (Miembros de los servicios uniformados o del Servicio Diplomático, empleados de los servicios de inteligencia o empleados o voluntarios del Cuerpo de Paz), en la Publicación 523, en inglés. Should college students file taxes Personas Casadas Si usted y su cónyuge presentan una declaración conjunta para el año de la venta y uno de ustedes satisface los requisitos de propiedad y de uso, pueden excluir hasta $250,000 de la ganancia procedente de dicha venta. Should college students file taxes (Sin embargo, consulte Reglas especiales para declaraciones conjuntas , que aparece a continuación). Should college students file taxes Reglas especiales para declaraciones conjuntas. Should college students file taxes   Puede excluir hasta $500,000 de la totalidad de la ganancia sobre la venta de su vivienda principal si se cumple lo siguiente: Está casado y presenta una declaración conjunta para el año. Should college students file taxes Usted o su cónyuge cumple el requisito de propietario. Should college students file taxes Usted y su cónyuge cumplen el requisito de uso. Should college students file taxes Durante el período de 2 años que termina en la fecha de la venta, ni usted ni su cónyuge excluyó ganancia alguna proveniente de la venta de otra vivienda. Should college students file taxes Si uno de los dos cónyuges no satisface estos requisitos, la exclusión máxima que el matrimonio puede declarar es el total de las exclusiones máximas a las que tendría derecho cada cónyuge si no estuviese casado y las cantidades se calculasen por separado. Should college students file taxes Para este fin, se considera que cada cónyuge era dueño de la propiedad durante el período en el que uno de los dos fue dueño de la misma. Should college students file taxes Ejemplo 1 —uno de los cónyuges vende una vivienda. Should college students file taxes Emilia vende su vivienda en junio de 2013 con una ganancia de $300,000. Should college students file taxes Posteriormente en ese año, se casa con Jaime. Should college students file taxes Ella satisface los requisitos de propiedad y de uso, pero Jaime no. Should college students file taxes Emilia puede excluir hasta $250,000 de las ganancias en una declaración por separado o conjunta para el año 2013. Should college students file taxes La exclusión máxima de $500,000 para ciertas declaraciones conjuntas no es aplicable en este caso, ya que Jaime no cumple el requisito de uso. Should college students file taxes Ejemplo 2 —cada cónyuge vende una vivienda. Should college students file taxes El caso es igual al del Ejemplo 1 , excepto que Jaime también vende una vivienda en el año 2013 con una ganancia de $200,000 antes de casarse con Emilia. Should college students file taxes Él satisface los requisitos de propietario y de uso en su vivienda pero Emilia no. Should college students file taxes Emilia puede excluir $250,000 de las ganancias y Jaime puede excluir $200,000 de las ganancias de la venta de sus propias viviendas. Should college students file taxes Sin embargo, Emilia no puede utilizar la exclusión no usada de Jaime para excluir más de $250,000 de las ganancias. Should college students file taxes Por lo tanto, Emilia y Jaime tienen que reconocer $50,000 de las ganancias de la venta de la vivienda de Emilia. Should college students file taxes La exclusión máxima de $500,000 para ciertas declaraciones conjuntas no es aplicable en este caso, ya que Emilia y Jaime ambos no cumplen el requisito de uso para el mismo hogar. Should college students file taxes Venta de la vivienda principal por el cónyuge sobreviviente. Should college students file taxes   Si su cónyuge murió y usted no se volvió a casar antes de la fecha de la venta, se considera que ha sido propietario y ha vivido en la propiedad como su vivienda principal durante todo el período en que su cónyuge fue propietario y vivió en ella como vivienda principal. Should college students file taxes   Si reúne todos los siguientes requisitos, puede tener el derecho de excluir hasta $500,000 procedentes de toda ganancia de la venta o del intercambio de su vivienda principal: La venta o el intercambio se realizó después de 2008. Should college students file taxes La venta o el intercambio se realizó dentro de los 2 años después de la fecha del fa- llecimiento de su cónyuge. Should college students file taxes No se ha vuelto a casar. Should college students file taxes Usted y su cónyuge reunían el requisito de uso en la fecha del fallecimiento de su cónyuge. Should college students file taxes Usted o su cónyuge reunían el requisito de propietario en la fecha del fallecimiento de su cónyuge. Should college students file taxes Ni usted ni su cónyuge excluyó ganancia alguna procedente de la venta de otra vivienda durante los últimos 2 años. Should college students file taxes Ejemplo. Should college students file taxes   Geraldo es dueño de una casa y habita en la misma como su vivienda principal desde 2009. Should college students file taxes Geraldo y Wilma se casaron el 1 de julio de 2013, y desde esa fecha habitan en la casa de Geraldo considerándola su vivienda principal. Should college students file taxes Geraldo falleció el 15 de agosto de 2013 y Wilma heredó la propiedad. Should college students file taxes Wilma vendió la propiedad el 3 de septiembre de 2013, fecha en la cual no se había vuelto a casar. Should college students file taxes Aunque Wilma fue dueña de la casa y habitó en la misma menos de 2 años, se considera que ha cumplido los requisitos de propiedad y de uso porque el período correspondiente a su propiedad y uso de la casa abarca el período en el que Geraldo fue dueño de la misma y habitó en ella antes de fallecer. Should college students file taxes Vivienda traspasada por cónyuge. Should college students file taxes   Si su cónyuge le traspasó su vivienda (o ex cónyuge si el traspaso se relaciona con su divorcio), se considera que ha sido propietario durante todo el período en que su cónyuge fue propietario. Should college students file taxes Uso de vivienda después del divorcio. Should college students file taxes   Se considera que ha usado la propiedad como su vivienda principal durante todo el período en que: Usted fue su propietario y Se permita que el cónyuge o ex cónyuge viva en ella conforme a un instrumento de divorcio o separación y éste la usa como vivienda principal. Should college students file taxes Exclusión Máxima Reducida Si no reúne los requisitos para reclamar la exclusión de $250,000 o $500,000, aún puede tener derecho a una exclusión reducida. Should college students file taxes Esto corresponde a aquellas personas que: No satisfagan los requisitos de propietario y de uso o Hayan reclamado la exclusión dentro de 2 años de vender su vivienda actual. Should college students file taxes En los dos casos, para tener derecho a una exclusión reducida, la venta de su vivienda principal tiene que deberse a uno de los siguientes motivos: Un cambio del lugar de empleo. Should college students file taxes Salud. Should college students file taxes Circunstancias imprevistas. Should college students file taxes Circunstancias imprevistas. Should college students file taxes   Se considera que la venta de su vivienda principal es por una circunstancia imprevista si el motivo principal de venta es un hecho que usted no hubiera podido anticipar razonablemente antes de comprar y ocupar su vivienda principal. Should college students file taxes   Vea la Publicación 523, en inglés, para más información y para utilizar la Worksheet 3 (Hoja de trabajo 3) para calcular la exclusión máxima reducida. Should college students file taxes Uso Comercial o Alquiler de Vivienda Tal vez pueda excluir sus ganancias provenientes de la venta de una vivienda que haya utilizado para fines comerciales o para producir ingresos de alquiler. Should college students file taxes Sin embargo, tiene que satisfacer los requisitos de propietario y de uso. Should college students file taxes Períodos de uso no calificado. Should college students file taxes   En la mayoría de los casos, la ganancia de la venta o intercambio de su vivienda principal no calificará para su exclusión en la medida en que las ganancias se asignan a los períodos de uso no calificado. Should college students file taxes Se considera que el uso no calificado es todo período a partir del 2008 en que ni usted ni su cónyuge (o su ex cónyuge) usó la propiedad como vivienda principal con las siguientes excepciones. Should college students file taxes Excepciones. Should college students file taxes   Un período de uso no calificado no incluye: Cualquier parte del período de 5 años que termine en la fecha de la venta o intercambio después de la última fecha que usted o su cónyuge usó la vivienda como vivienda principal. Should college students file taxes Cualquier período (que no exceda de un período de 10 años en su totalidad) durante el cual usted (o su cónyuge) están prestando servicio prolongado en forma oficial y calificada: Como miembro de los servicios uniformados, Como miembro del Servicio Diplomático de los Estados Unidos o Como empleado de los servicios de inteligencia, y Cualquier otro período de ausencia temporal (que no exceda de un período de 2 años en su totalidad) debido a un cambio de empleo, condición de salud o tales circunstancias imprevistas que hayan sido especificados por el IRS. Should college students file taxes La ganancia resultante de la venta de la propiedad se divide entre períodos de uso calificado y no calificado a base de la cantidad de tiempo que la propiedad sirvió para uso calificado y no calificado. Should college students file taxes La ganancia derivada de la venta o intercambio de una vivienda principal asignada a períodos de uso calificado todavía calificará para la exclusión de la venta de su vivienda principal. Should college students file taxes La ganancia derivada de la venta o intercambio de una vivienda principal asignada a períodos de uso no calificado no reunirá los requisitos para la exclusión. Should college students file taxes Cálculos. Should college students file taxes   Para calcular la parte de la ganancia que se le asignará al período de uso no calificado, multiplique la ganancia por la siguiente fracción:   Total de uso no calificado durante el período de propietario a partir del 2008      Total del período de propietario   Este cálculo se puede encontrar en la Hoja de Trabajo 2, línea 10, en la Publicación 523, en inglés. Should college students file taxes Ejemplo 1. Should college students file taxes El 23 de mayo de 2007, Amelia (soltera en cada año de este ejemplo) compró una casa. Should college students file taxes Se mudó a la casa en esa fecha y vivió ahí hasta el 31 de mayo de 2009, fecha en la que se mudó de la casa y la puso en alquiler. Should college students file taxes La casa estuvo alquilada desde el 1 de junio de 2009 al 31 de marzo de 2011. Should college students file taxes Amelia reclamó deducciónes por depreciación del 2009 al 2011 por un total de $10,000. Should college students file taxes Amelia se mudó a su casa nuevamente el 1 de abril de 2011 y vivió en ella hasta que la vendió el 31 de enero de 2013 por una ganancia de $200,000. Should college students file taxes Durante el período de 5 años que termina en la fecha de la venta (31 de enero de 2008 – 31 de enero de 2013), Amelia fue la propietaria y vivió en la casa durante más de 2 años, como se indica en la siguiente tabla. Should college students file taxes Período de  5 años Usada como Vivienda Principal Usada como Vivienda de Alquiler 31/01/08 – 31/05/09 16 meses       01/06/09 – 31/03/11   22 meses 01/04/11 – 31/01/13 22 meses         38 meses 22 meses Durante el período que Amelia fue propietaria de la casa (2,080 días), el período de uso no calificado fue de 668 días. Should college students file taxes Amelia divide 668 entre 2,080 y obtiene un decimal (redondeado al menos tres decimales) de 0. Should college students file taxes 321. Should college students file taxes Para calcular la ganancia atribuible al período de uso no calificado, se multiplica $190,000 (la ganancia no es atribuible a la deducción por depreciación $10,000) por 0. Should college students file taxes 321. Should college students file taxes Debido a que la ganancia atribuible a los períodos no calificados es $60,990, Amelia puede excluir $129,010 de su ganancia. Should college students file taxes Ejemplo 2. Should college students file taxes Guillermo fue propietario de una casa y la usó como su vivienda principal de 2007 a 2010. Should college students file taxes El 1 de enero de 2011, se mudó a otro estado. Should college students file taxes Alquiló su casa desde esa fecha hasta el 30 de abril de 2013, fecha en que la vendió. Should college students file taxes Durante el período de 5 años que termina en la fecha de la venta (1 de mayo de 2008 – 30 de abril de 2013), Guillermo fue el propietario de esa casa y vivió en ella durante más de 2 años. Should college students file taxes Tiene que declarar la venta en el Formulario 4797, en inglés, debido a que la casa era una propiedad de alquiler en la fecha de venta. Should college students file taxes Ya que el período de uso no calificado no incluye cualquier parte del período de 5 años después de la última fecha que Guillermo vivió en su vivienda, él no tiene un período de uso no calificado. Should college students file taxes Puesto que cumplió los requisitos de propietario y de uso, puede excluir ganancias de hasta $250,000. Should college students file taxes No obstante, no puede excluir la parte de las ganancias equivalente a la depreciación que reclamó o que pudo haber reclamado por alquilar la casa, como se explica a continuación. Should college students file taxes Depreciación después del 6 de mayo de 1997. Should college students file taxes   Si tenía derecho a declarar deducciones por depreciación porque usó su vivienda para fines comerciales o como propiedad de alquiler, no puede excluir aquella parte de sus ganancias que sea equivalente a cualquier depreciación permitida o permisible como deducción para los períodos después del 6 de mayo de 1997. Should college students file taxes Si puede demostrar mediante documentación adecuada u otras pruebas que la depreciación permitida era menor que la cantidad permisible, puede limitar la cantidad de ganancias obtenidas de modo que dicha cantidad sea igual a la cantidad de depreciación. Should college students file taxes Vea la Publicación 544, en inglés, para información adicional. Should college students file taxes Propiedad usada parcialmente para fines comerciales o de alquiler. Should college students file taxes   Si usó la propiedad en parte como vivienda principal y en parte para fines comerciales o para producir ingresos de alquiler, consulte la Publicación 523, en inglés. Should college students file taxes Cómo Declarar la Venta No declare la venta de su vivienda principal del año 2013 en su declaración de impuestos, a menos que: Tenga ganancias y no reúna los requisitos para excluir la totalidad de éstas Tenga ganancias y opte por no excluirlas o Haya recibido un Formulario 1099-S. Should college students file taxes Si algunas de estas situaciones aplican, informe la ganancia total o pérdidas. Should college students file taxes Para detalles de cómo informar las pérdidas o ganancias, vea las Instrucciones para el Anexo D del Formulario 1040 y las Instrucciones del Formulario 8949, en inglés. Should college students file taxes Si usted usó la vivienda para propósitos de negocios o para sacar ingresos por el alquiler, usted posiblemente tenga que usar el Formulario 4797 para informar la venta de la parte de la propiedad usada para negocios o alquiler (o la venta de la propiedad entera, si se usó exclusivamente para negocios o alquiler). Should college students file taxes Consulte la sección Business Use or Rental of Home (Uso de vivienda como negocio o para alquiler), en inglés, en la Publicación 523, y las Instrucciones del Formulario 4797. Should college students file taxes Ventas a plazos. Should college students file taxes    Algunas ventas se realizan según acuerdos que estipulan que parte o la totalidad del precio de venta se debe pagar en un año posterior. Should college students file taxes Estas ventas se denominan “ventas a plazos”. Should college students file taxes Si financia la compra del comprador de su casa, en lugar de que éste solicite un préstamo o hipoteca a un banco, probablemente tenga una venta a plazos. Should college students file taxes Tal vez pueda declarar la parte de las ganancias que no puede excluir sobre la base a plazos. Should college students file taxes    Use el Formulario 6252, Installment Sale Income (Ingresos de venta a plazos), en inglés, para declarar la venta. Should college students file taxes Anote la exclusión en la línea 15 del Formulario 6252. Should college students file taxes Hipoteca financiada por el vendedor. Should college students file taxes   Si vende su vivienda y tiene un pagaré, hipoteca u otro acuerdo financiero, en la mayoría de los casos los pagos que reciba constan de intereses y capital. Should college students file taxes Tiene que declarar por separado como ingreso de intereses los intereses que reciba como parte de cada pago. Should college students file taxes Si el comprador de su vivienda usa la propiedad como vivienda principal o segunda vivienda, también tiene que declarar el nombre, la dirección y el número de Seguro Social (SSN, por sus siglas en inglés) del comprador en la línea 1 del Anexo B (Formulario 1040A o 1040). Should college students file taxes El comprador tiene que darle su SSN y usted tiene que darle el suyo al comprador. Should college students file taxes Si no satisface estos requisitos, es posible que tenga que pagar una multa de $50 por cada incumplimiento. Should college students file taxes Si usted o el comprador no tiene un SSN y no reúne los requisitos para obtener uno, vea Número de Seguro Social , en el capítulo 1. Should college students file taxes Información adicional. Should college students file taxes   Para obtener más información acerca de las ventas a plazos, consulte la Publicación 537, Installment Sales (Ventas a plazos), en inglés. Should college students file taxes Situaciones Especiales Las siguientes situaciones especiales pueden afectar su exclusión. Should college students file taxes Venta de vivienda adquirida a través de un intercambio de bienes del mismo tipo. Should college students file taxes   No puede reclamar la exclusión si: Adquirió su vivienda a través de un intercambio de bienes del mismo tipo (también conocido como intercambio conforme a la sección 1031) o la base de su vivienda se determina según la base de la vivienda de la persona que la adquirió mediante un intercambio de bienes del mismo tipo (por ejemplo, recibió la vivienda de dicha persona como un regalo) y Vendió la vivienda durante el período de 5 años a partir de la fecha en que se adquirió por medio del intercambio de bienes del mismo tipo. Should college students file taxes Las ganancias provenientes de un intercambio de bienes del mismo tipo no están sujetas al impuesto en la fecha de dicho intercambio. Should college students file taxes Esto quiere decir que las ganancias no se tributarán hasta que venda o enajene de otra manera la propiedad que haya recibido. Should college students file taxes Para diferir ganancias provenientes de un intercambio de bienes del mismo tipo, tiene que haber intercambiado bienes comerciales o de inversión por bienes comerciales o de inversión del mismo tipo. Should college students file taxes Para más información sobre los intercambios de bienes del mismo tipo, vea la Publicación 544, Sales and Other Dispositions of Assets (Ventas y otras enajenaciones de bienes), en inglés. Should college students file taxes Vivienda cedida a través de intercambio de bienes del mismo tipo. Should college students file taxes   Si usa su vivienda principal en parte para propósitos comerciales o de alquiler y luego intercambia la misma por otra propiedad, vea la Publicación 523, en inglés. Should college students file taxes Expatriados. Should college students file taxes   No puede reclamar la exclusión si el impuesto de expatriación es aplicable en su caso. Should college students file taxes El impuesto de expatriación corresponde a determinados ciudadanos estadounidenses que han renunciado a su ciudadanía (y a determinados residentes de largo plazo que han terminado su residencia). Should college students file taxes Consulte la sección titulada Expatriation Tax (Impuesto de expatriación) en el capítulo 4 de la Publicación 519, U. Should college students file taxes S. Should college students file taxes Tax Guide for Aliens (Guía tributaria de los Estados Unidos para extranjeros), en inglés, para obtener más información acerca del impuesto de expatriación. Should college students file taxes Vivienda destruida o expropiada. Should college students file taxes   Si su vivienda fue destruida o expropiada, toda ganancia (por ejemplo, debido a pagos del seguro que recibió) procedente de aquel acontecimiento reúne los requisitos para la exclusión. Should college students file taxes   Toda parte de las ganancias que no se pueda excluir (por superar el límite de exclusión máxima), se puede aplazar según las reglas que se explican en las siguientes publicaciones: Publicación 547(SP) en el caso de una vivienda que fue destruida o Capítulo 1 de la Publicación 544, en inglés, en el caso de una vivienda que fue expropiada. Should college students file taxes Venta de participación restante. Should college students file taxes   Sujeto a otras reglas del presente capítulo, puede optar por excluir ganancias procedentes de la venta de una participación restante en su vivienda. Should college students file taxes Si elige esta opción, no puede excluir ganancias de la venta de ninguna otra participación en la vivienda que venda por separado. Should college students file taxes Excepción para ventas a personas emparentadas o vinculadas. Should college students file taxes   No puede excluir ganancias procedentes de la venta de una participación restante en su vivienda a una persona emparentada o vinculada. Should college students file taxes Las personas emparentadas incluyen a sus hermanos y hermanas, medios hermanos y medias hermanas, cónyuges, antecesores (padres, abuelos, etc. Should college students file taxes ) y descendientes directos (hijos, nietos, etc. Should college students file taxes ). Should college students file taxes Las personas vinculadas también incluyen a ciertas sociedades anónimas, sociedades colectivas, fideicomisos y organizaciones exentas de impuestos. Should college students file taxes Recuperación (Devolución) de un Subsidio Hipotecario Federal Si financió su vivienda a través de un programa de subsidio federal (préstamos de bonos hipotecarios calificados exentos de impuestos o préstamos con certificados de crédito hipotecario), es posible que tenga que devolver la totalidad o parte del beneficio que recibió de ese programa cuando venda o enajene su vivienda. Should college students file taxes Puede recuperar el beneficio al aumentar su impuesto federal sobre el ingreso para el año de la venta. Should college students file taxes Es posible que tenga que pagar este impuesto de recuperación aun si puede excluir sus ganancias del ingreso según las reglas explicadas anteriormente; esa exclusión no afecta el impuesto de recuperación. Should college students file taxes Préstamos sujetos a reglas de recuperación. Should college students file taxes   La recuperación es aplicable a préstamos que: Se originaron de las utilidades de bonos hipotecarios calificados o Se basaron en certificados de crédito hipotecario. Should college students file taxes La recuperación también se aplica a las asunciones de estos préstamos. Should college students file taxes Cuándo es aplicable la recuperación. Should college students file taxes   La recuperación del subsidio hipotecario federal es aplicable solamente si satisface las dos condiciones siguientes: Dentro de los primeros 9 años después de la fecha de cierre de su préstamo hipotecario, vende o enajena su vivienda, gene- rando ganancias. Should college students file taxes Su ingreso para el año de la enajenación es mayor que el ingreso calificado ajustado de ese año para el tamaño de su familia (en relación a los requisitos de ingresos que tiene que satisfacer una persona para tener derecho a participar en el programa de subsidio federal). Should college students file taxes Cuándo no es aplicable la recuperación. Should college students file taxes   La recuperación no es aplicable si le corresponde una de las siguientes situaciones: Su préstamo hipotecario fue un préstamo calificado para mejoras de vivienda (QHIL, por sus siglas en inglés) de no más de $15,000 y se usó para hacer modificaciones, reparaciones y mejoras que protejan o mejoren la habitabilidad y la eficiencia energética de su vivienda. Should college students file taxes Su préstamo hipotecario fue un préstamo calificado para mejoras de vivienda de no más de $150,000 para un QHIL que se utiliza con el fin de reparar daños ocasionados a viviendas por el huracán Katrina en la zona de desastre del huracán; para un QHIL financiado por un bono hipotecario calificado, el cual es un Bono de la Zona de Oportunidad del Golfo; o para un QHIL para una vivienda habitada por su dueño en la Zona de Oportunidad del Golfo (Zona GO), Zona GO de Rita o Zona GO de Wilma. Should college students file taxes Vea la Publicación 4492(SP), Información para los Contribuyentes Afectados por los Huracanes Katrina, Rita y Wilma, para información adicional. Should college students file taxes Asimismo, vea la Publicación 4492-B, Information for Affected Taxpayers in the Midwestern Disaster Areas (Información para contribuyentes afectados de la zona de desastre del Medio Oeste), en inglés, para más información. Should college students file taxes La vivienda se enajena como consecuencia de su muerte. Should college students file taxes Enajena su vivienda más de 9 años después de la fecha de cierre de su préstamo hipotecario. Should college students file taxes Traspasa la vivienda a su cónyuge o a su ex cónyuge por motivos de divorcio, situación en la que no hay ganancias incluidas en sus ingresos. Should college students file taxes Enajena la vivienda con pérdidas. Should college students file taxes Su vivienda resulta destruida por un hecho fortuito y usted la repone en su lugar original dentro de 2 años después del cierre del año tributario en que se produjo la destrucción. Should college students file taxes El período de reemplazo se aumenta para viviendas principales destruidas si su vivienda estaba ubicada en la zona de desastre de Kansas, una de las zonas de desastre del Medio Oeste, la zona del Huracán Katrina u otra zona de desastre declarada como tal por el gobierno federal. Should college students file taxes Para más información, vea Plazo de Reposición, en la Publicación 547(SP). Should college students file taxes Refinancia su préstamo hipotecario (a menos que posteriormente satisfaga todas las condiciones anteriores indicadas bajo Cuándo es aplicable la recuperación ). Should college students file taxes Aviso de cantidades. Should college students file taxes   En la fecha de liquidación de su préstamo hipotecario, o en una fecha cercana, deberá recibir un aviso que esta- blezca la cantidad de subsidio federal y cualquier otra información que necesite para calcular su impuesto de recuperación. Should college students file taxes Cómo calcular y declarar la recuperación. Should college students file taxes    El impuesto de recuperación se calcula en el Formulario 8828, en inglés. Should college students file taxes Si vende su vivienda y su hipoteca está sujeta a las reglas de recuperación, tiene que presentar el Formulario 8828 aún si no adeuda un impuesto de recuperación. Should college students file taxes Adjunte el Formulario 8828 al Formulario 1040. Should college students file taxes Para obtener más información, vea el Formulario 8828 y las instrucciones correspondientes, en inglés. Should college students file taxes Prev  Up  Next   Home   More Online Publications
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Understanding your CP08 Notice

You may qualify for the Additional Child Tax Credit and be entitled to some additional money.

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.
 


What you need to do

  • Read your notice carefully.
  • Complete the Additional Child Tax Credit Worksheet. If the worksheet confirms that you have at least one qualifying child, sign and date the worksheet, and complete Form 1040 Schedule 8812.
  • Mail both the worksheet and Form 1040 Schedule 8812 in the envelope provided.

You may want to...


Answers to Common Questions

I lost the return envelope. Where do I mail my worksheet and Form 8812?
Mail the worksheet and form to the address listed on the top left corner of the worksheet. This is the IRS center that handles cases in your region, so it’s important you send it there to avoid potential delays in processing.

What’s the difference between the "Child Tax Credit" and the "Additional Child Tax Credit"? Can I qualify for both?
The Child Tax Credit is for people who have a qualifying child. The maximum amount you can claim is $1000 for each qualifying child. The Additional Child Tax Credit is for individuals who receive less than the full amount of Child Tax Credit. You may qualify for both the Child Tax Credit and the Additional Child Tax Credit.

I sent you my worksheet and form. When will I get the refund?
We’ll review your form and worksheet and make a determination for your credit. If we deny your credit, we’ll send you a letter explaining why, but if you owe no other amount, you should receive your refund in 8 to 10 weeks. If you don't hear from us after 8 to 10 weeks, call our "Where’s My Refund?" toll free line at 1-800-829-1954 to check on the status of your refund.

My son/daughter is turning 18 this year. Can I still get the Additional Child Tax Credit?
No. Your child must be under age 17 at the end of 2009 to qualify for both the Child Tax Credit and the Additional Child Tax Credit.


Tips for next year

If you have dependent children, remember to claim the Additional Child Tax Credit the next time your file your 1040 or 1040A tax return. To do this, complete and attach Form 1040 Schedule 8812 to your return.

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.

Page Last Reviewed or Updated: 28-Mar-2014

The Should College Students File Taxes

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Standard deduction for age 65 or older, Higher Standard Deduction for Age (65 or Older) Age test, Age Test (see Qualifying child) Agents, Losses on sales or trades of property. Should college students file taxes (see also Fiduciaries) Income paid to, Payment to an agent. Should college students file taxes Signing return, When someone can sign for you. Should college students file taxes AGI (see Adjusted gross income (AGI)) Agricultural workers (see Farmers) (see Farmworkers) Agriculture (see Farming) Aircraft Charitable gift of, deduction for fair market value, Cars, boats, and airplanes. Should college students file taxes Airline club dues Not entertainment expenses, Club dues and membership fees. Should college students file taxes Airplanes, donations of, Cars, boats, and airplanes. Should college students file taxes Airport transportation Business-related travel expense, Table 26-1. 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Should college students file taxes , How To Deduct Alimony Paid, How To Report Alimony Received, Recapture Rule, Including the recapture in income. Should college students file taxes , Deducting the recapture. Should college students file taxes Definition of, Introduction Mortgage payments Interest deduction, Divorced or separated individuals. Should college students file taxes Reporting of income, Alimony. Should college students file taxes Alternative filing methods Electronic (see E-file ) Alternative minimum tax (AMT), Alternative Minimum Tax (AMT) Child's tax, figuring of, Alternative minimum tax. Should college students file taxes Exempt-interest dividends, Alternative minimum tax treatment. Should college students file taxes Filing requirements (Table 1-3), Figuring tax. Should college students file taxes Incentive stock option, You can use Form 1040A if all of the following apply. Should college students file taxes Nonrefundable credit for prior year tax, Nonrefundable Credit for Prior Year Minimum Tax Alternative motor vehicle credit, Alternative Motor Vehicle Credit, Amount of credit. Should college students file taxes Ambulance service personnel Life insurance proceeds when death in line of duty, Public Safety Officer Killed in the Line of Duty Amended returns, Amended Returns and Claims for Refund, Form 1040X. Should college students file taxes , Filing Form 1040X. Should college students file taxes (see also Form 1040X) Itemized deduction, change to standard deduction, Changing your mind. Should college students file taxes Standard deduction, change to itemized deductions, Changing your mind. Should college students file taxes American citizens abroad, U. Should college students file taxes S. Should college students file taxes Citizens and Resident Aliens Living Abroad (see also Citizens outside U. Should college students file taxes S. Should college students file taxes ) Employment (see Foreign employment) American Indians (see Indians) American opportunity credit Tuition deduction and, Who Cannot Claim the Deduction American Samoa Income from, Individuals With Income From U. Should college students file taxes S. Should college students file taxes Possessions Amortization Bond premiums, treatment of, Amortization of bond premium. Should college students file taxes AMT (see Alternative minimum tax (AMT)) Annuities, Rollovers (see also Rollovers) Cost computation, Cost (Investment in the Contract) Decedent's unrecovered investment in, Form W-2. Should college students file taxes Early distributions from, Tax on Early Distributions Deferred annuity contracts, 5% rate on certain early distributions from deferred annuity contracts. Should college students file taxes , Additional exceptions for nonqualified annuity contracts. Should college students file taxes Estimated tax, Withholding and estimated tax. Should college students file taxes Exclusion limit, Exclusion limit. Should college students file taxes General Rule Annuity starting before November 19, 1996, Annuity starting before November 19, 1996. Should college students file taxes Nonqualified plans and qualified plans for recipients over 75 years, Who must use the General Rule. Should college students file taxes Purchased annuities, Purchased annuities. Should college students file taxes Survivor's annuity, Survivors of retirees. Should college students file taxes Guaranteed payments, Guaranteed payments. Should college students file taxes IRAs as, Kinds of traditional IRAs. Should college students file taxes Joint return, Joint return. Should college students file taxes Loans from plan, Loans. Should college students file taxes Lump-sum distributions, Lump-Sum Distributions Multiple plan benefits, More than one program. Should college students file taxes , More than one annuity. Should college students file taxes Partly taxable payments, Partly taxable payments. Should college students file taxes Purchased annuities, Purchased annuities. Should college students file taxes Reporting of, How To Report Retirement annuities, Retirement Plans, Pensions, and Annuities (see also Retirement plans) Rollovers, Rollovers Sale of, Sale of Annuity Gain as ordinary income, Tax-free exchange. Should college students file taxes Simplified method to calculate tax-free part of annuity payment, Simplified Method Survivor's annuity, Survivors of retirees. Should college students file taxes Worksheet for computation, How to use the Simplified Method. Should college students file taxes Survivor annuities, Survivors and Beneficiaries Trade of insurance policies and annuities, Insurance policies and annuities. Should college students file taxes Unrecovered investment, Unrecovered Investment in Annuity Withholding, Form W-2. Should college students file taxes , Pensions and Annuities, Withholding and estimated tax. Should college students file taxes Annulled marriages Filing status, Annulled marriages. Should college students file taxes Anthrax incidents (see Terrorist attacks) Antiques (see Collectibles) Appliances Deterioration and damage, not casualty loss, Progressive deterioration. Should college students file taxes Appraisal fees, Appraisal Fees Donated property, Appraisal Fees Not deductible as interest, Amounts charged for services. Should college students file taxes Real estate transactions, when required by lender, Settlement costs. Should college students file taxes Appraisals Casualty or theft losses, Appraisal. Should college students file taxes , Costs of photographs and appraisals. Should college students file taxes Archer MSAs, Medical savings accounts (MSAs). Should college students file taxes Contributions, Archer MSA contributions. Should college students file taxes Medical expenses paid for decedent from, Decedent Not deductible as medical expense, Table 21-1. Should college students file taxes Medical and Dental Expenses Checklist. Should college students file taxes See Publication 502 for more information about these and other expenses. Should college students file taxes Armed forces, Types of Qualified Organizations, Table 24-1. Should college students file taxes Examples of Charitable Contributions—A Quick Check, Armed Forces reservists. Should college students file taxes (see also Reservists) (see also Veterans' organizations) Combat zone Extension to file return, Individuals Serving in Combat Zone Signing return for spouse, Spouse in combat zone. Should college students file taxes Dependency allotments, Armed Forces dependency allotments. Should college students file taxes Disability pay, Disability. Should college students file taxes Disability pensions, Military and Government Disability Pensions GI Bill benefits, Tuition payments and allowances under the GI Bill. Should college students file taxes Military, Military uniforms. Should college students file taxes Military quarters allotments, Tax-exempt military quarters allowances. Should college students file taxes Naval officers on permanent duty aboard ship, Members of the Armed Forces. Should college students file taxes Permanent duty overseas, Members of the Armed Forces. Should college students file taxes Real estate taxes when receiving housing allowance, Ministers' and military housing allowances. Should college students file taxes , Ministers' and military housing allowance. Should college students file taxes Rehabilitative program payments, Veterans' benefits. Should college students file taxes Reserves, Armed Forces reservists traveling more than 100 miles from home. Should college students file taxes Retirees' pay Taxable income, Military retirement pay. Should college students file taxes Uniforms, Military uniforms. Should college students file taxes Wages, Military Armed Forces Retiree's pay withholding, Military retirees. Should college students file taxes Art works As capital assets, Capital Assets and Noncapital Assets, Gold, silver, stamps, coins, gems, etc. Should college students file taxes Capital gains or losses from sale or trade of, Investment interest deducted. Should college students file taxes Artists, performing (see Performing artists) Assessments, local (see Local assessments) Assistance (see Tax help) Assistance, tax (see Tax help) Assumption of mortgage, Assumption of mortgage. Should college students file taxes Fees not included in basis, Settlement costs. Should college students file taxes At-risk rules Rental property, At-Risk Rules Athletic events Charitable contributions, amount deductible, Athletic events. Should college students file taxes ATIN (Adoption taxpayer identification number), Adoption taxpayer identification number (ATIN). Should college students file taxes Attachment of wages, Garnisheed wages. Should college students file taxes Attachments to return, Attachments Attorneys Bar review courses, Bar or CPA Review Course Attorneys' fees, Legal Expenses, Personal Legal Expenses Basis to include, Cost Basis Social security and railroad retirement benefits, deductions for, Legal expenses. Should college students file taxes Title to property, for preparation, filing, etc. Should college students file taxes , Settlement costs. Should college students file taxes Audits Travel expense records, If your return is examined. Should college students file taxes Auto insurance Medical expenses covered by, not deductible, Table 21-1. Should college students file taxes Medical and Dental Expenses Checklist. Should college students file taxes See Publication 502 for more information about these and other expenses. Should college students file taxes Automatic extension of time to file, Automatic Extension, When to file. Should college students file taxes Form 4868, E-file options. Should college students file taxes Automatic investment services Holding period, determination of, Automatic investment service. Should college students file taxes Awards (see Prizes and awards) Away-from-home travel (see Travel and transportation expenses) B Babysitting, Babysitting. Should college students file taxes Back pay, award for, Back pay awards. Should college students file taxes Emotional distress damages under title VII of Civil Rights Act of 1964, Court awards and damages. Should college students file taxes Backup withholding, Backup Withholding, Backup withholding. Should college students file taxes , Backup withholding. Should college students file taxes Dividend income, Backup withholding. Should college students file taxes , Reporting tax withheld. Should college students file taxes Penalties, Penalties. Should college students file taxes Bad debts Bank deposit, loss due to bank's insolvency or bankruptcy, Nonbusiness bad debt. Should college students file taxes Reporting on Schedule D (Form 1040), How to report. Should college students file taxes Claim for refund, Exceptions for special types of refunds. Should college students file taxes , Filing a claim for refund. Should college students file taxes Nonbusiness, Nonbusiness Bad Debts Recovery, Recoveries Reporting of, How to report bad debts. Should college students file taxes Short-term capital loss, How to report bad debts. Should college students file taxes When deductible, When deductible. Should college students file taxes Baggage Business-related travel expense, Table 26-1. Should college students file taxes Travel Expenses You Can Deduct This chart summarizes expenses you can deduct when you travel away from home for business purposes. Should college students file taxes Balance due, Refund or balance due. Should college students file taxes Bankruptcy Canceled debt not deemed to be income, Excluded debt. Should college students file taxes Financial institution's bankruptcy causing deductible loss, Loss on Deposits Reporting of, Loss on deposits. Should college students file taxes Banks Automatic investment service, determination of holding period, Automatic investment service. Should college students file taxes IRAs with, When and How Can a Traditional IRA Be Opened? Losses on deposits, when casualty losses, Deposit in Insolvent or Bankrupt Financial Institution, Loss on Deposits Reporting of, Loss on deposits. Should college students file taxes Money market accounts, Money Market Funds Bar associations Charitable contributions to, Contributions to Nonqualified Organizations Bar employees Tips (see Tip income) Bar review courses, Bar or CPA Review Course Bargain sales As charitable contributions, Bargain sales. Should college students file taxes Basis of purchase, Bargain purchases. Should college students file taxes Barter income, Bartering Definition of bartering, Bartering Form 1099-B, Form 1099-B from barter exchange. Should college students file taxes Basis Adjusted basis, Adjusted Basis Allocation between business and personal use, Introduction Bad debts, Basis in bad debt required. Should college students file taxes Bargain purchases, Bargain purchases. Should college students file taxes Bonds, Stocks and Bonds, Bond premium. Should college students file taxes Cost basis, Useful Items - You may want to see: IRAs for nondeductible contributions, Cost basis. Should college students file taxes , Partly taxable. Should college students file taxes Definition of, Introduction Gifts, Property Received as a Gift Home sales (see Sale of home) Improvements to real estate, Improvements. Should college students file taxes Involuntary conversion, Involuntary Conversions Like-kind exchanges, Basis of property received. Should college students file taxes Other than cost, Basis Other Than Cost, Tax-exempt obligations. Should college students file taxes , No gain or loss. Should college students file taxes Points not to be included, Settlement costs. Should college students file taxes , Points. Should college students file taxes Property received for services, Property Received for Services Real estate, Real Property Restricted property, Restricted property. Should college students file taxes Stock or stock rights, Basis. Should college students file taxes Tax-exempt obligations Bonds, Tax-exempt obligations. Should college students file taxes Transfers between spouses, Property Transferred From a Spouse, Transfers Between Spouses Beetles Damage or destruction to trees and plants, when casualty loss, Progressive deterioration. Should college students file taxes Beneficiaries, Beneficiary of an estate or trust. Should college students file taxes , Rollover by surviving spouse. Should college students file taxes , Estate and trust income. Should college students file taxes , Losses. Should college students file taxes (see also Estate beneficiaries) (see also Trust beneficiaries) Bequests, Estate and trust income. Should college students file taxes , Losses. Should college students file taxes , Gifts and inheritances. Should college students file taxes , Income from property received as a gift. Should college students file taxes (see also Estate beneficiaries) (see also Gifts) (see also Inheritance) Bicycle Fringe benefit, Qualified bicycle commuting. Should college students file taxes Bingo, Table 24-1. Should college students file taxes Examples of Charitable Contributions—A Quick Check, Contributions From Which You Benefit Birth control pills, Table 21-1. Should college students file taxes Medical and Dental Expenses Checklist. Should college students file taxes See Publication 502 for more information about these and other expenses. Should college students file taxes Birth of child, Death or birth of child. Should college students file taxes Head of household, qualifying person to file as, Death or birth. Should college students file taxes , Death or birth. Should college students file taxes Social security number to be obtained, Born and died in 2013. Should college students file taxes Birth of dependent, Death or birth. Should college students file taxes Blackmail Losses due to, Theft Blind persons Exemption from withholding, Age 65 or older or blind. Should college students file taxes Guide dogs, deductible as medical expense, Table 21-1. Should college students file taxes Medical and Dental Expenses Checklist. Should college students file taxes See Publication 502 for more information about these and other expenses. Should college students file taxes Impairment-related work expenses, deduction for, Impairment-Related Work Expenses Standard deduction for, Introduction, Higher Standard Deduction for Blindness Blood banks No charitable deduction for blood donations to, Table 24-1. Should college students file taxes Examples of Charitable Contributions—A Quick Check, Value of Time or Services Blue books to determine fair market value, Cars, boats, and airplanes. Should college students file taxes Boats Charitable gift of, deduction for fair market value, Cars, boats, and airplanes. Should college students file taxes Donations of, Cars, boats, and airplanes. Should college students file taxes Body scan, Table 21-1. Should college students file taxes Medical and Dental Expenses Checklist. Should college students file taxes See Publication 502 for more information about these and other expenses. Should college students file taxes Bona fide business purpose Travel expenses, Bona fide business purpose. Should college students file taxes Work-related education, Qualifying Work-Related Education Bonds Adjusted basis for, Stocks and Bonds Amortization of premium, Amortization of bond premium. Should college students file taxes , Amortizable Premium on Taxable Bonds As capital assets, Capital Assets and Noncapital Assets, Stocks, stock rights, and bonds. Should college students file taxes Convertible bonds, Convertible stocks and bonds. Should college students file taxes Discounted Capital gain or loss, Discounted Debt Instruments Issued at discount, Original Issue Discount (OID) Market discount bonds, Market discount bonds. Should college students file taxes Original issue discount, Original Issue Discount (OID) Redemption of, Redemption or retirement of bonds. Should college students file taxes Retirement of, Retirement bonds. Should college students file taxes , Redemption or retirement of bonds. Should college students file taxes Sale of, Bonds Sold Between Interest Dates Savings, U. Should college students file taxes S. Should college students file taxes Savings Bonds, Series HH bonds. Should college students file taxes , Series EE and series I bonds. Should college students file taxes Sold at premium, computation of adjusted basis, Bond premium. Should college students file taxes State or local government, tax-exempt, Tax-exempt state and local government bonds. Should college students file taxes Tax-exempt, State or Local Government Obligations Bonuses, Supplemental Wages, Bonuses and awards. Should college students file taxes , Employee awards or bonuses. Should college students file taxes Bookkeeping (see Recordkeeping requirements) Books to determine fair market value, Car value. Should college students file taxes Borrowed funds, Loans. Should college students file taxes , Items You Cannot Deduct (see also Loans) Used for charitable contributions, deduction for, Borrowed funds. Should college students file taxes Bottled water, Table 21-1. Should college students file taxes Medical and Dental Expenses Checklist. Should college students file taxes See Publication 502 for more information about these and other expenses. Should college students file taxes Boy Scouts Charitable contributions to, Examples. Should college students file taxes , Table 24-1. Should college students file taxes Examples of Charitable Contributions—A Quick Check Braille books, Table 21-1. Should college students file taxes Medical and Dental Expenses Checklist. Should college students file taxes See Publication 502 for more information about these and other expenses. Should college students file taxes Breach of contract Damages as income, Court awards and damages. Should college students file taxes employment, Damages for Breach of Employment Contract Breast pump and supplies, Table 21-1. Should college students file taxes Medical and Dental Expenses Checklist. Should college students file taxes See Publication 502 for more information about these and other expenses. Should college students file taxes Bribes, Bribes. Should college students file taxes , List of Nondeductible Expenses Brokers Form 1099-B, Sales and Trades IRAs with, When and How Can a Traditional IRA Be Opened? Commissions, Brokers' commissions. Should college students file taxes , Brokers' commissions. Should college students file taxes Receiving dividends, reporting on Form 1099-MISC, Form 1099-MISC. Should college students file taxes Burglary Losses due to, Theft Burial expenses, List of Nondeductible Expenses (see Funerals) Business associates, Meals and Incidental Expenses, Entertainment Expenses (see also Entertainment expenses) Business travel to meet, Transportation Expenses Travel expenses of, paying for, Business associate. Should college students file taxes Business expenses, Meals and Incidental Expenses, Entertainment Expenses (see also Entertainment expenses) Job search expenses, Job interview expenses. Should college students file taxes Meal expenses (see Meal and lodging expenses) Reimbursements, Expense allowances. Should college students file taxes , Allowances and reimbursements. Should college students file taxes Returning excess for business expenses, Returning Excess Reimbursements Returning excess business expenses, Expense allowances. Should college students file taxes Travel (see Travel and transportation expenses) Work-related education, What Expenses Can Be Deducted Business organizations Charitable contributions to, Contributions to Nonqualified Organizations Business property As gift, adjusted basis for, Business property. Should college students file taxes Basis for depreciation, Basis for depreciation. Should college students file taxes Property use changed to, adjusted basis for, Property Changed From Personal to Business or Rental Use Sales or exchanges Like-kind exchanges, Like-kind exchanges. Should college students file taxes Business tax credits Claim for refund, Exceptions for special types of refunds. Should college students file taxes Business use of home, Home Office C Cafeteria plans, Cafeteria plans. Should college students file taxes Calendar year taxpayers Accounting periods, When Do I Have To File?, Accounting Periods, Accounting period. Should college students file taxes Filing due date, When Do I Have To File? California Nonoccupational Disability Benefit Fund, Contributions to state benefit funds. Should college students file taxes Campaign contributions, Campaign contributions. Should college students file taxes , Table 24-1. Should college students file taxes Examples of Charitable Contributions—A Quick Check, Contributions to Nonqualified Organizations Presidential Election Campaign Fund, Presidential Election Campaign Fund Campaign expenses, Campaign Expenses Canada Resident of, Citizen or Resident Test, Child in Canada or Mexico. Should college students file taxes Cancellation of debt, Canceled Debts Exceptions to treatment as income, Exceptions Candidates for public office Contributions to, no charitable deduction for, Table 24-1. Should college students file taxes Examples of Charitable Contributions—A Quick Check, Contributions to Nonqualified Organizations Capital assets Coal and iron ore, Coal and iron ore. Should college students file taxes Definition of, Capital Assets and Noncapital Assets Capital expenses, Capital expenses. Should college students file taxes Capital gains or losses, Capital Gains and Losses, How to report and postpone gain. Should college students file taxes , Reporting Gains and Losses Bad debts as short-term capital loss, How to report bad debts. Should college students file taxes Carryover of, Long-term gains and losses. Should college students file taxes , Capital loss carryover. Should college students file taxes Worksheet, Figuring your carryover. Should college students file taxes Character of gain, Capital Gains and Losses Character of loss, Capital Gains and Losses Child's distributions and dividends, reporting of, Child's capital gain distributions. Should college students file taxes , Capital gain distributions and qualified dividends. Should college students file taxes Collectibles, Investment interest deducted. Should college students file taxes Deductions, Capital Losses Limit on, Limit on deduction. Should college students file taxes Distributions, Money Market Funds Form 1040 or 1040A to be used, You can use Form 1040A if all of the following apply. Should college students file taxes , How To Report Dividend Income Form 8949, Reporting Gains and Losses Hobbies, sales from collections, Hobby losses. Should college students file taxes Holding period, determination of, Holding Period How to report, Reporting Capital Gains and Losses Installment sales and, Installment sales. Should college students file taxes Lump-sum distributions from pensions and annuities, Capital Gain Treatment Mutual funds paying, Capital Gain Distributions Net capital gain, Capital Gains and Losses, Long-term gains and losses. Should college students file taxes , Capital Gain Tax Rates Included as investment income, Choosing to include net capital gain. Should college students file taxes Net long-term capital loss, Long-term gains and losses. Should college students file taxes Sale of personal items, Sale of personal items. Should college students file taxes Sale or trade of property held more than 1 year, Long-term or short-term. Should college students file taxes , Long-term gains and losses. Should college students file taxes Schedule D, Reporting Gains and Losses , Reporting Capital Gains and Losses Section 1250 gains from sale of real property, Capital Gains and Losses, Unrecaptured section 1250 gain. Should college students file taxes State or local government bonds, tax-exempt, Tax-exempt state and local government bonds. Should college students file taxes Tax rates, Capital Gain Tax Rates Total net gain, Total net gain or loss. Should college students file taxes Total net loss, Total net gain or loss. Should college students file taxes Undistributed gains, Long-term gains and losses. Should college students file taxes Credit for tax on, Undistributed capital gains of mutual funds and REITs. Should college students file taxes , Credit for Tax on Undistributed Capital Gain Car expenses, Car expenses. Should college students file taxes Car pools, Car pools. Should college students file taxes , Car pools. Should college students file taxes Carrybacks Business tax credit carrybacks, Exceptions for special types of refunds. Should college students file taxes Carryovers Capital loss, Long-term gains and losses. Should college students file taxes , Capital loss carryover. Should college students file taxes Worksheet, Figuring your carryover. Should college students file taxes Investment interest, Limit on Deduction Cars, Transportation, Transporting school children. Should college students file taxes , Car Expenses and Other Employee Business Expenses, Car Expenses (see also Standard mileage rates) (see also Travel and transportation) Accidents resulting in casualty loss, Deductible losses. Should college students file taxes Value determination, Car value. Should college students file taxes Willful negligence or intentional act as cause, Nondeductible losses. Should college students file taxes Actual expenses, Car Expenses, Actual Car Expenses Advertising displays on, Advertising display on car. Should college students file taxes Allowances from employers, Per Diem and Car Allowances As capital assets, Capital Assets and Noncapital Assets Blue book to determine fair market value, Cars, boats, and airplanes. Should college students file taxes Books to determine fair market value, Car value. Should college students file taxes Business and personal use, allocation between, Business and personal use. Should college students file taxes , Separating expenses. Should college students file taxes Business-related travel expenses, Table 26-1. Should college students file taxes Travel Expenses You Can Deduct This chart summarizes expenses you can deduct when you travel away from home for business purposes. Should college students file taxes Car pools, Car pools. Should college students file taxes Charitable gift of, deduction for fair market value, Cars, boats, and airplanes. Should college students file taxes Charitable organization service, use for, Car expenses. Should college students file taxes Depreciation, Depreciation and section 179 deductions. Should college students file taxes Donations of, Cars, boats, and airplanes. Should college students file taxes Fixed and variable rate (FAVR), Fixed and variable rate (FAVR). Should college students file taxes Form 2106 or 2106-EZ, how to fill out, Car expenses. Should college students file taxes Hauling tools or instruments, Hauling tools or instruments. Should college students file taxes Interest on loans, not deductible, Personal Interest Leased vehicles, Leasing a car. Should college students file taxes Medical transportation, Table 21-1. Should college students file taxes Medical and Dental Expenses Checklist. Should college students file taxes See Publication 502 for more information about these and other expenses. Should college students file taxes , Transportation, Car expenses. Should college students file taxes Parking (see Parking fees) Personal property taxes on, deduction of, Personal Property Taxes Reporting of, How To Report Table 26-3 showing forms to be used, Per diem allowance more than federal rate. Should college students file taxes Sale, trade-in, or other disposition, Sale, Trade-In, or Other Disposition Section 179 deductions, Depreciation and section 179 deductions. Should college students file taxes Work-related education, transportation for, Using your car. Should college students file taxes Cash Dividends paid as, Introduction Rebates, Cash rebates. Should college students file taxes Sales of property for, Payment of cash. Should college students file taxes Cash contributions, records to keep, Cash Contributions Cash method taxpayers, Cash method. Should college students file taxes Bad debts, Basis in bad debt required. Should college students file taxes Points, deduction of, Deduction Allowed in Year Paid Real estate transactions, tax allocation, Division of real estate taxes between buyers and sellers. Should college students file taxes Taxes paid during tax year, deduction of, You must pay the tax during your tax year. Should college students file taxes Worthless securities and negotiable promissory notes, Worthless securities. Should college students file taxes Cash rebates, Cash rebates. Should college students file taxes Casualties, Home destroyed or condemned. Should college students file taxes Casualty insurance Premiums not in property basis, Settlement costs. Should college students file taxes Reimbursements from, Casualty insurance and other reimbursements. Should college students file taxes Casualty losses, Nonbusiness Casualty and Theft Losses, Net operating loss (NOL). Should college students file taxes , Casualty and Theft Losses, Casualty and Theft Losses of Income-Producing Property Adjusted basis in property, Casualty and theft losses. Should college students file taxes , Involuntary Conversions, Adjusted Basis, Adjustments to basis. Should college students file taxes Amount of loss, Figuring a Loss Appraisals, Appraisal. Should college students file taxes , Costs of photographs and appraisals. Should college students file taxes Bank deposit, loss due to bank's insolvency or bankruptcy, Casualty loss or ordinary loss. Should college students file taxes Costs Cleaning up or making repairs, Cost of cleaning up or making repairs. Should college students file taxes Photographs and appraisals, Costs of photographs and appraisals. Should college students file taxes Deductible losses, Deductible losses. Should college students file taxes $100 rule, $100 Rule When to take (Table 25-2), Gains more than losses. Should college students file taxes Deduction limits, Deduction Limits For personal property (Table 25-1), Actual reimbursement same as expected. Should college students file taxes Definition of casualty, Casualty Disasters, Employer's emergency disaster fund. Should college students file taxes , Disaster relief. Should college students file taxes (see also Disaster relief) Employer's emergency disaster fund, Employer's emergency disaster fund. Should college students file taxes Fair market value of property, Decrease in Fair Market Value Form 4684 to be filed, Forms to file. Should college students file taxes Insurance proceeds, treatment of, Insurance and Other Reimbursements Net operating losses, Net operating loss (NOL). Should college students file taxes Nondeductible losses, Deductible losses. Should college students file taxes Proof of loss, Casualty loss proof. Should college students file taxes Property used partly for business and partly for personal purposes, Property used partly for business and partly for personal purposes. Should college students file taxes Reimbursement, Insurance and Other Reimbursements Reporting of gain or loss, When To Report Gains and Losses, Losses. Should college students file taxes , How To Report Gains and Losses Single casualty on multiple properties, Single Casualty on Multiple Properties Cemeteries Charitable contributions to, Types of Qualified Organizations Certificate, mortgage credit, Who qualifies. Should college students file taxes Certificates of deposit (CDs), Certificates of deposit (CDs). Should college students file taxes , Individual Retirement Arrangements (IRAs) (see also Individual retirement arrangements (IRAs)) Chambers of commerce Charitable contributions to, Table 24-1. Should college students file taxes Examples of Charitable Contributions—A Quick Check, Contributions to Nonqualified Organizations Entertainment expenses for attending meetings, Trade association meetings. Should college students file taxes Change of address, Change of Address Change of name, Name change. Should college students file taxes , Name changed. Should college students file taxes Chaplains Life insurance proceeds when death in line of duty, Public Safety Officer Killed in the Line of Duty Charitable contributions, Contributions, Introduction, Organizations That Qualify To Receive Deductible Contributions, Types of Qualified Organizations, Contributions You Can Deduct, Contributions From Which You Benefit, Table 24-1. Should college students file taxes Examples of Charitable Contributions—A Quick Check, Token items. Should college students file taxes , Written statement. Should college students file taxes , Contributions You Cannot Deduct, Contributions to Individuals, Contributions to Nonqualified Organizations, Contributions From Which You Benefit, Contributions of Property, Determining Fair Market Value, Large quantities. Should college students file taxes , Giving Property That Has Decreased in Value, Giving Property That Has Increased in Value, Ordinary income property. Should college students file taxes , Capital gain property. Should college students file taxes , Amount of deduction — general rule. Should college students file taxes , Bargain sales. Should college students file taxes , When To Deduct, Time of making contribution. Should college students file taxes , Noncash Contributions, Additional records. Should college students file taxes , How To Report Gifts to reduce public debt, Gift To Reduce Debt Held by the Public Charitable distributions, qualified, Qualified charitable distributions (QCD). Should college students file taxes Charity benefit events Deduction amount for charitable contributions, Charity benefit events. Should college students file taxes Check-writing fees, Check-Writing Fees on Personal Account Checklists Medical and dental expense deductions (Table 21-1), Medicare A. Should college students file taxes Checks As charitable contributions, Checks. Should college students file taxes Canceled checks as evidence of travel expenses, Canceled check. Should college students file taxes Constructive receipt of, Check received or available. Should college students file taxes Child Foster child, Rule 10. Should college students file taxes You Cannot Be a Qualifying Child of Another Taxpayer, Rule 13. Should college students file taxes You Cannot Be a Qualifying Child of Another Taxpayer Married child, Married child. Should college students file taxes Child and dependent care credit, You can use Form 1040A if all of the following apply. Should college students file taxes Due diligence, Getting the information. Should college students file taxes Earned income, Earned income. Should college students file taxes Full-time student, Rule for student-spouse or spouse not able to care for self. Should college students file taxes Married filing separately, Special Rules Payments to relatives, Payments to Relatives or Dependents Child born alive, Child born alive. Should college students file taxes Child care, You can use Form 1040A if all of the following apply. Should college students file taxes Babysitting, Babysitting. Should college students file taxes Care providers, Childcare providers. Should college students file taxes Expenses, Child care expenses. Should college students file taxes Nursing care for healthy baby, not deductible as medical expense, Table 21-1. Should college students file taxes Medical and Dental Expenses Checklist. Should college students file taxes See Publication 502 for more information about these and other expenses. Should college students file taxes Child custody, Custodial parent and noncustodial parent. Should college students file taxes Child support, Child support payments. Should college students file taxes Alimony, difference from, Payments not alimony. Should college students file taxes , Alimony requirements. Should college students file taxes , Child support. Should college students file taxes Child tax credit, Who Should File, You can use Form 1040A if all of the following apply. Should college students file taxes , Child tax credit. Should college students file taxes , Child Tax Credit Additional credit, Additional Child Tax Credit Amount of credit, Amount of Credit Claiming, procedure for, Claiming the Credit Limits, Special Rules, Limits on the Credit Modified adjusted gross income, Modified AGI. Should college students file taxes Married filing separately, Special Rules Qualifying child, Qualifying Child Child, qualifying, Qualifying Child Childcare Credit, Child and Dependent Care Credit Provider Taxpayer identification number, Provider Identification Test Children, Adoption Assistance, Personal Expenses (see also Adoption) Additional credit on child tax credit, Additional Child Tax Credit Adoption (see Adopted child) Babysitters, Babysitting. Should college students file taxes Birth of child Head of household, qualifying person to file as, Death or birth. Should college students file taxes , Death or birth. Should college students file taxes Social security number to be obtained, Born and died in 2013. Should college students file taxes Care providers, Childcare providers. Should college students file taxes (see also Child care) Child's tax, figuring of, Step 3. Should college students file taxes Figuring the Child's Tax (Form 8615, Part III) Alternative minimum tax, Alternative minimum tax. Should college students file taxes Credit for, Who Should File, You can use Form 1040A if all of the following apply. Should college students file taxes (see also Child and dependent care credit) (see also Child tax credit) Custody of, Custodial parent and noncustodial parent. Should college students file taxes Death of child Head of household, qualifying person to file as, Death or birth. Should college students file taxes , Death or birth. Should college students file taxes Deductions, Line 2 (deductions). Should college students file taxes Dividends of (see this heading: Investment income of child under age 18) Earnings of, Child's earnings. Should college students file taxes Filing requirements, Child's earnings. Should college students file taxes As dependents (Table 1-2), Do I Have To File a Return? Gifts to, Income from property given to a child. Should college students file taxes , Income from property received as a gift. Should college students file taxes Inclusion of child's income on parent's return (Figure 31-A), Penalty for underpayment of estimated tax. Should college students file taxes Income, calculation of, Figuring Child's Income Capital gains distributions, Capital gain distributions and qualified dividends. Should college students file taxes Investment income of, Tax on unearned income of certain children. Should college students file taxes Investment income of child under age 18 Dependent filing requirements (Table 1-2), Do I Have To File a Return? Interest and dividends, Certain Children Under Age 19 or Full-Time Students Parents' election to report on Form 1040, Certain Children Under Age 19 or Full-Time Students, Investment income of child reported on parent's return. Should college students file taxes Kidnapped, Kidnapped child. Should college students file taxes , Kidnapped child. Should college students file taxes Net unearned income, figuring of, Step 1. Should college students file taxes Figuring the Child's Net Unearned Income (Form 8615, Part I) Nontaxable income, Nontaxable income. Should college students file taxes Property received as gift, income from, Income from property received as a gift. Should college students file taxes Signing return, parent for child, Spouse unable to sign. Should college students file taxes Standard deduction for, Introduction, Standard Deduction for Dependents Stillborn, Stillborn child. Should college students file taxes Support of (see Child support) Tax credit (see Child tax credit) Tentative tax figured at parent's tax rate, Step 2. Should college students file taxes Figuring Tentative Tax at the Parent's Tax Rate (Form 8615, Part II) Transporting school children, Transporting school children. Should college students file taxes Unearned income of, Tax on unearned income of certain children. Should college students file taxes Unearned income of certain children, Introduction Form 8615, use of (Figure 31-B), Parental information, providing of, Providing Parental Information (Form 8615, lines A–C) Parents' election to report on Form 1040, Parent's Election To Report Child's Interest and Dividends Trust income, Trust income. Should college students file taxes Unearned income defined, Unearned income defined. Should college students file taxes Chronic illness Accelerated payment of life insurance proceeds (see Accelerated death benefits) Long-term care (see Long-term care insurance contracts) Church employees Filing requirements (Table 1-3), Figuring tax. Should college students file taxes Churches, temples, etc. Should college students file taxes Charitable contributions to, Examples. Should college students file taxes , Table 24-1. Should college students file taxes Examples of Charitable Contributions—A Quick Check Convention delegates, deduction of unreimbursed expenses, Conventions. Should college students file taxes Citizen or resident test, Citizen or Resident Test Citizens outside U. Should college students file taxes S. Should college students file taxes Business travel outside U. Should college students file taxes S. Should college students file taxes , Travel Outside the United States, Travel Primarily for Business, Travel Primarily for Personal Reasons Self-employed persons, Exception 1 - No substantial control. Should college students file taxes Standard meal allowance, Standard meal allowance for areas outside the continental United States. Should college students file taxes Earned income exclusion, Reminders Employment (see Foreign employment) Extension of time to file, Individuals Outside the United States Filing requirements, U. Should college students file taxes S. Should college students file taxes Citizens and Resident Aliens Living Abroad Withholding from IRA distributions, IRA distributions delivered outside the United States. Should college students file taxes Civic associations Charitable contributions to, Contributions to Nonqualified Organizations Contributions to, no charitable deduction for, Table 24-1. Should college students file taxes Examples of Charitable Contributions—A Quick Check Civil defense organizations Charitable contributions to, Examples. Should college students file taxes Civil service retirement benefits, Civil service retirement benefits. Should college students file taxes Civil suits, Court awards and damages. Should college students file taxes (see also Damages from lawsuits) Civil tax penalties (see Penalties) Clergy, Ministers. Should college students file taxes Contributions that can be spent as individual wishes, not deductible charitable contribution, Contributions to Individuals Housing, Clergy Real estate taxes when receiving housing allowance, Ministers' and military housing allowances. Should college students file taxes , Ministers' and military housing allowance. Should college students file taxes Life insurance proceeds when chaplain died in line of duty, Public Safety Officer Killed in the Line of Duty Pensions, Pension. Should college students file taxes Special income rules, Clergy Clerical help, deductibility of, Clerical Help and Office Rent Clients, Meals and Incidental Expenses, Entertainment Expenses (see also Entertainment expenses) Business travel to meet, Transportation Expenses Travel expenses of, paying for, Business associate. Should college students file taxes Closing costs Real property transactions, Settlement costs. Should college students file taxes Sale of home, Settlement fees or closing costs. Should college students file taxes Clothing Military, Military uniforms. Should college students file taxes Moth damage, not casualty loss, Progressive deterioration. Should college students file taxes Uniforms Charitable organization requiring, deduction for cost and upkeep of, Uniforms. Should college students file taxes Used clothing, charitable deduction for fair market value, Used clothing and household items. Should college students file taxes work, Work Clothes and Uniforms Club dues and membership fees Entertainment expenses, Club dues and membership fees. Should college students file taxes Co-owners Dwelling unit used as home by co-owner, rental income and expense allocation, Shared equity financing agreement. Should college students file taxes Coal and iron ore, Coal and iron ore. Should college students file taxes Coins (see Collectibles) Collectibles As capital assets, Capital Assets and Noncapital Assets, Gold, silver, stamps, coins, gems, etc. Should college students file taxes Gains or losses from sale or trade of, Investment interest deducted. Should college students file taxes IRA investment in, Investment in Collectibles, Exception. Should college students file taxes College professor Research expenses, Research Expenses of a College Professor Colleges and universities Charitable contributions to, Examples. Should college students file taxes , Table 24-1. Should college students file taxes Examples of Charitable Contributions—A Quick Check Athletic events, amount deductible, Athletic events. Should college students file taxes Education costs, Qualified tuition programs (QTPs). Should college students file taxes (see also Qualified tuition programs) Employer-provided educational assistance, Qualified Education Expenses (see also Educational assistance) Combat zone Extension to file return, Individuals Serving in Combat Zone Signing return for spouse, Spouse in combat zone. Should college students file taxes Commission drivers Deduction of expenses, Statutory employees. Should college students file taxes Commissions, Supplemental Wages Advance, Advance commissions and other earnings. Should college students file taxes IRAs with brokers, Brokers' commissions. Should college students file taxes , Brokers' commissions. Should college students file taxes Property basis to include when buyer pays, Settlement costs. Should college students file taxes Sharing of (kickbacks), Kickbacks. Should college students file taxes Unearned, deduction for repayment of, Advance commissions and other earnings. Should college students file taxes Commodities Derivative financial instruments, Capital Assets and Noncapital Assets Common law marriage, Considered married. Should college students file taxes Communist organizations Charitable contributions to, Contributions to Nonqualified Organizations Community property, Community income. Should college students file taxes , Community property. Should college students file taxes Alimony, difference from, Payments not alimony. Should college students file taxes IRAs, Community property laws. Should college students file taxes Married filing separately, Community property states. Should college students file taxes Medical and dental expenses, Community property states. Should college students file taxes Commuting expenses, Commuting expenses. Should college students file taxes , Commuting Expenses Employer-provided commuter vehicle, Commuter highway vehicle. Should college students file taxes Compensation, Wages, Salaries, and Other Earnings (see also Wages and salaries) Defined for IRA purposes, What is compensation? Defined for Roth IRA purposes, Compensation. Should college students file taxes Employee, Employee Compensation Miscellaneous compensation, Miscellaneous Compensation Nonemployee, Nonemployee compensation. Should college students file taxes Unemployment, Unemployment compensation. Should college students file taxes Computation of tax, Computations Equal amounts, Equal amounts. Should college students file taxes Negative amounts, Negative amounts. Should college students file taxes Rounding off dollars, Rounding off dollars. Should college students file taxes Computer, Depreciation on Computers Condemnation of property, Home destroyed or condemned. Should college students file taxes , Condemnations. Should college students file taxes Basis computation, Involuntary Conversions Disaster areas, government-ordered demolition of unsafe home, Deductible losses. Should college students file taxes Period of ownership and use, Previous home destroyed or condemned. Should college students file taxes Confidential information Privacy Act and paperwork reduction information, Reminders Travel expenses and, Confidential information. Should college students file taxes Constructive receipt of income, Constructive receipt. Should college students file taxes , Payment to an agent. Should college students file taxes , Constructive receipt. Should college students file taxes Contributions, Gift To Reduce Debt Held by the Public, Campaign contributions. Should college students file taxes , Contributions, Table 24-1. Should college students file taxes Examples of Charitable Contributions—A Quick Check, Contributions to Nonqualified Organizations, How To Report (see also Campaign contributions) (see also Charitable contributions) Nontaxable combat pay, Nontaxable combat pay. Should college students file taxes Political, Political Contributions Reservist repayments, Qualified reservist repayments. Should college students file taxes Retirement (see specific type of plan ) Controlled corporations Nontaxable stock purchase of, Property for stock of a controlled corporation. Should college students file taxes Related party transactions, Losses on sales or trades of property. Should college students file taxes Convenience fees, Credit or Debit Card Convenience Fees Conventions Delegates Deduction of unreimbursed expenses, Conventions. Should college students file taxes Travel expenses, Conventions Travel expenses, Conventions Work-related education, deduction of travel expenses for overseas conventions, Cruises and conventions. Should college students file taxes Conversion (see specific retirement or IRA plan ) Convertible stocks and bonds, Convertible stocks and bonds. Should college students file taxes Cooperative housing Dwelling unit used as home, Introduction Mortgage interest statements, Form 1098, Mortgage Interest Statement Real estate taxes, deduction of, Tenant-shareholders in a cooperative housing corporation. Should college students file taxes Sale or trade of Form 1099-S to report, Form 1099-S transactions. Should college students file taxes Period of ownership and use, Cooperative apartment. Should college students file taxes Cooperatives Patronage dividends, Patronage dividends. Should college students file taxes Copyrights, Capital Assets and Noncapital Assets Infringement damages, Court awards and damages. Should college students file taxes Royalties, Royalties Corporations, S Corporation Income (see also S corporations) Controlled corporations, Property for stock of a controlled corporation. Should college students file taxes , Losses on sales or trades of property. Should college students file taxes Director fees as self-employment income, Corporate director. Should college students file taxes Reorganizations and nontaxable trade of stock, Corporate reorganizations. Should college students file taxes Corrections (see Errors) Cosmetic surgery Not deductible as medical expense, Table 21-1. Should college students file taxes Medical and Dental Expenses Checklist. Should college students file taxes See Publication 502 for more information about these and other expenses. Should college students file taxes Cosmetics Not deductible as medical expense, Table 21-1. Should college students file taxes Medical and Dental Expenses Checklist. Should college students file taxes See Publication 502 for more information about these and other expenses. Should college students file taxes Cost basis, Useful Items - You may want to see: IRAs for nondeductible contributions, Cost basis. Should college students file taxes , Partly taxable. Should college students file taxes Cost-of-living allowances, Government cost-of-living allowances. Should college students file taxes Country clubs Charitable contributions to, Contributions to Nonqualified Organizations Dues Charitable deduction not allowed, Table 24-1. Should college students file taxes Examples of Charitable Contributions—A Quick Check, Membership fees or dues. Should college students file taxes Entertainment expense deduction not allowed, Club dues and membership fees. Should college students file taxes Coupon bonds, Coupon bonds. Should college students file taxes Court awards and damages (see Damages from lawsuits) Cousin, Cousin. Should college students file taxes Coverdell ESAs Additional tax on, Other taxes. Should college students file taxes CPAs (see Accountants) Credit cards Annual fees, not deductible, Items You Cannot Deduct Benefits, taxability of insurance, Credit card insurance. Should college students file taxes Charitable contributions charged to, Credit card. Should college students file taxes Finance charges, not deductible, Personal Interest Payment of taxes, Reminders Credit for child and dependent care expenses, Credit for child and dependent care expenses. Should college students file taxes , Credit for child and dependent care expenses. Should college students file taxes Credit for prior year minimum tax Nonrefundable, Nonrefundable Credit for Prior Year Minimum Tax Credit for the elderly or the disabled, Credit for the elderly or the disabled. Should college students file taxes , Credit for the elderly or the disabled. Should college students file taxes Credit or debit cards Payment of taxes, E-file and pay by credit or debit card or by direct transfer from your bank account. Should college students file taxes Credit reports Costs not included in property basis, Settlement costs. Should college students file taxes Fees for, not deductible, Items You Cannot Deduct Credit to holders of tax credit bonds, Credit to Holders of Tax Credit Bonds Credits, Credits. Should college students file taxes , Earned income credit. Should college students file taxes , Credit for child and dependent care expenses. Should college students file taxes , Credit for the elderly or the disabled. Should college students file taxes , Earned income credit. Should college students file taxes , Credit for child and dependent care expenses. Should college students file taxes , Credit for the elderly or the disabled. Should college students file taxes , Earned income credit. Should college students file taxes Alternative motor vehicle, Alternative Motor Vehicle Credit American opportunity, Special Rules Build America bonds (see Credit to holders of tax credit bonds) Capital gains, undistributed, credit for tax on, Undistributed capital gains of mutual funds and REITs. Should college students file taxes , Credit for Tax on Undistributed Capital Gain Child and dependent care, Child and Dependent Care Credit (see Child and dependent care credit) Child tax (see Child tax credit) Clean renewable energy bonds (see Credit to holders of tax credit bonds) Earned income, Earned Income Credit (EIC) (see Earned income credit) Elderly or the disabled, Credit for the Elderly or the Disabled Excess withholding, Credit for Excess Social Security Tax or Railroad Retirement Tax Withheld Foreign tax, Foreign Tax Credit Health coverage, Health Coverage Tax Credit Lifetime learning (see Lifetime learning credit) Mortgage interest, Mortgage Interest Credit Nonrefundable credits, Nonrefundable Credits Plug-in electric drive motor vehicle, Plug-in Electric Drive Motor Vehicle Credit Prior year minimum tax (AMT), nonrefundable, Nonrefundable Credit for Prior Year Minimum Tax Qualified energy conservation bonds (see Credit to holders of tax credit bonds) Qualified school construction bonds (see Credit to holders of tax credit bonds) Qualified zone academy bonds (see Credit to holders of tax credit bonds) Refundable credits, Refundable Credits Residential energy, Residential Energy Credits Retirement savings contribution, Retirement Savings Contributions Credit (Saver's Credit) Cremation Not deductible as medical expense, Table 21-1. Should college students file taxes Medical and Dental Expenses Checklist. Should college students file taxes See Publication 502 for more information about these and other expenses. Should college students file taxes Criminal prosecutions Travel expenses for federal staff, Exception for federal crime investigations or prosecutions. Should college students file taxes Cruises Travel expenses when incidental business activities, Trip Primarily for Personal Reasons Work-related education, deduction of expenses, Cruises and conventions. Should college students file taxes Custodial fees, Investment Fees and Expenses Custody of child, Custodial parent and noncustodial parent. Should college students file taxes Customers, Meals and Incidental Expenses, Entertainment Expenses (see also Entertainment expenses) Business travel to meet, Transportation Expenses Travel expenses of, paying for, Business associate. Should college students file taxes D Daily allowance (see Per diem) Damage to property, Nonbusiness Casualty and Theft Losses (see also Casualty losses) Disasters, Employer's emergency disaster fund. Should college students file taxes , Disaster relief. Should college students file taxes (see also Disaster relief) Damages, Damages for Breach of Employment Contract Damages from lawsuits, Court awards and damages. Should college students file taxes Medical expenses as part of settlement, Damages for Personal Injuries Dating your return, Signatures Daycare centers, You can use Form 1040A if all of the following apply. Should college students file taxes , Childcare providers. Should college students file taxes , Care outside your home. Should college students file taxes (see also Child and dependent care credit) (see also Child care) De minimis benefits, De Minimis (Minimal) Benefits Deadlines (see Due dates) Death (see Decedents) Death benefits Accelerated, Accelerated Death Benefits, Exclusion for terminal illness. Should college students file taxes Life insurance proceeds (see Life insurance) Public safety officers who died or were killed in line of duty, tax exclusion, Public Safety Officer Killed in the Line of Duty Death of child, Death or birth of child. Should college students file taxes Death of dependent, Death or birth. Should college students file taxes Debt instruments (see Bonds or Notes) Debts, Exceptions for special types of refunds. Should college students file taxes , Recoveries (see also Bad debts) Canceled (see Cancellation of debt) Nonrecourse, Mortgage relief upon sale or other disposition. Should college students file taxes Paid by another, Debts paid for you. Should college students file taxes Payoff of debt included in sales transaction, Debt paid off. Should college students file taxes Public, gifts to reduce, Gift To Reduce Debt Held by the Public Recourse, Mortgage relief upon sale or other disposition. Should college students file taxes Refund offset against, Refunds. Should college students file taxes , Offset against debts. Should college students file taxes Deceased taxpayers (see Decedents) Decedents, Surviving Spouses, Executors, Administrators, and Legal Representatives (see also Executors and administrators) Capital loss of, Decedent's capital loss. Should college students file taxes Deceased spouse, Surviving Spouses, Executors, Administrators, and Legal Representatives Personal exemption, Death of spouse. Should college students file taxes Due dates, Filing for a decedent. Should college students file taxes Filing requirements, Surviving Spouses, Executors, Administrators, and Legal Representatives Funeral expenses, Contributions to Individuals Medical and dental expenses, Decedent Savings bonds, Decedents. Should college students file taxes Spouse's death, Spouse died during the year. Should college students file taxes , Spouse died. Should college students file taxes Standard deduction, Decedent's final return. Should college students file taxes Transfer of property at death, Other property transactions. Should college students file taxes Declaration of rights of taxpayers IRS request for information, Reminders Deduction Costs of discrimination suits, Deduction for costs involved in unlawful discrimination suits. Should college students file taxes Deductions, Special Rules, Personal Exemptions and Dependents, Your Own Exemption, Recoveries, Nonbusiness Bad Debts, How to report bad debts. Should college students file taxes , Capital Losses , Introduction, Standard Deduction, Points, Treatment by buyer. Should college students file taxes , Meals and Incidental Expenses, Entertainment Expenses (see also Bad debts) (see also Capital losses) (see also Entertainment expenses) (see also Personal exemption) (see also Points) (see also Recovery of amounts previously deducted) (see also Standard deduction) Alimony, deductible by payer, How To Deduct Alimony Paid Casualty losses, Casualty and Theft Losses of Income-Producing Property (see Capital losses) Changing claim after filing, need to amend, Amended Returns and Claims for Refund Charitable contributions, Contributions, How To Report (see also Charitable contributions) Dental expenses (see Medical and dental expenses) Depreciation, Depreciation and section 179 deduction. Should college students file taxes Educator expenses, Educator Expenses Estate, Excess Deductions of an Estate Fee-basis government officials, Special Rules Impairment-related work expenses, Impairment-Related Work Expenses, Impairment-related work expenses of disabled employees. Should college students file taxes Interest (see Interest payments) Investment expenses, Investment expenses. Should college students file taxes IRA contributions (see Individual retirement arrangements (IRAs)) Itemizing (see Itemized deductions) Long-term care insurance contracts, Table 21-1. Should college students file taxes Medical and Dental Expenses Checklist. Should college students file taxes See Publication 502 for more information about these and other expenses. Should college students file taxes Medical expenses (see Medical and dental expenses) Mortgage interest, Hardest Hit Fund and Emergency Homeowners' Loan Programs. Should college students file taxes (see Mortgages) Not itemizing, use of Form 1040A, You can use Form 1040A if all of the following apply. Should college students file taxes Pass-through entities, Indirect Deductions of Pass-Through Entities Penalties, no deduction permitted, Penalties. Should college students file taxes Performing artists' expenses, Expenses of certain performing artists. Should college students file taxes Prepaid insurance premiums, Prepaid insurance premiums. Should college students file taxes Prescription medicines, Table 21-1. Should college students file taxes Medical and Dental Expenses Checklist. Should college students file taxes See Publication 502 for more information about these and other expenses. Should college students file taxes Rental expenses, When to deduct. Should college students file taxes Repayments, Repayments Section 179 deductions Adjustment to basis for, Depreciation and section 179 deduction. Should college students file taxes Car expenses, Depreciation and section 179 deductions. Should college students file taxes Self-employed persons Health insurance premiums, Health Insurance Costs for Self-Employed Persons Social security and railroad retirement benefits, Deductions Related to Your Benefits Standard deduction, Standard Deduction, Married persons who filed separate returns. Should college students file taxes Stop-smoking programs, Table 21-1. Should college students file taxes Medical and Dental Expenses Checklist. Should college students file taxes See Publication 502 for more information about these and other expenses. Should college students file taxes Student loan interest deduction (see Student loans) Theft loss, Casualty and Theft Losses of Income-Producing Property Transportation expenses (see Travel and transportation expenses) Union dues (see Labor unions) Work-related education, What Expenses Can Be Deducted Deeds Preparation costs for, Amounts charged for services. Should college students file taxes Recording fees, basis to include, Real estate taxes. Should college students file taxes Deferred annuity contracts (see Annuities) Deferred compensation Limit, Elective deferrals. Should college students file taxes Nonqualified plans, Nonqualified deferred compensation plans. Should college students file taxes Deferred compensation plans (see Retirement plans) Delinquent taxes Real estate transactions, tax allocation, Real estate taxes for prior years. Should college students file taxes Delivery services, Private delivery services. Should college students file taxes Business-related travel expense, Table 26-1. Should college students file taxes Travel Expenses You Can Deduct This chart summarizes expenses you can deduct when you travel away from home for business purposes. Should college students file taxes Demutualization of life insurance companies, Demutualization of life insurance companies. Should college students file taxes Dental expenses (see Medical and dental expenses) Dentures Deductibility as medical expense, Table 21-1. Should college students file taxes Medical and Dental Expenses Checklist. Should college students file taxes See Publication 502 for more information about these and other expenses. Should college students file taxes Dependent care Benefits, Dependent care benefits. Should college students file taxes , Dependent Care Benefits Center, Dependent care center. Should college students file taxes Credit for, Child and Dependent Care Credit Dependent taxpayer test, Dependent Taxpayer Test Dependents, Who Should File, You can use Form 1040A if all of the following apply. Should college students file taxes , Exception for adopted child. Should college students file taxes , Filers who have certain child dependents with an Individual Taxpayer Identification Number (ITIN). Should college students file taxes (see also Child tax credit) Birth of, Death or birth. Should college students file taxes Born and died within year, Exception. Should college students file taxes , Born and died in 2013. Should college students file taxes Death of, Death or birth. Should college students file taxes Deceased dependent's medical and dental expenses, What if you pay medical expenses of a deceased spouse or dependent? Disabled dependent care expenses, deduction for, Disabled Dependent Care Expenses Exemption for, Exemptions for Dependents Filing requirements, Child's earnings. Should college students file taxes Earned income, unearned income, and gross income levels (Table 1-2), Do I Have To File a Return? Married, filing joint return, Joint Return Test, Joint Return Test (To Be a Qualifying Child) Medical and dental expenses, Dependent Qualifying child, Qualifying Child, Qualifying Child Qualifying relative, Qualifying Relative, Qualifying Child Social security number, Dependent's SSN. Should college students file taxes Adoption taxpayer identification number, Adoption taxpayer identification number (ATIN). Should college students file taxes , Taxpayer identification numbers for aliens. Should college students file taxes Alien dependents, Born and died in 2013. Should college students file taxes Standard deduction for, Standard Deduction for Dependents Travel expenses for, Travel expenses for another individual. Should college students file taxes Tuition deduction for, Who Can Claim a Dependent's Expenses Dependents not allowed to claim dependents, Dependent Taxpayer Test Depletion allowance, Depletion. Should college students file taxes Deposits, Fees and deposits. Should college students file taxes Loss on, Loss on Deposits Losses on, Deposit in Insolvent or Bankrupt Financial Institution, Loss on Deposits Reporting of, Loss on deposits. Should college students file taxes Depreciation Adjustment to basis for, Depreciation and section 179 deduction. Should college students file taxes Cars, Depreciation and section 179 deductions. Should college students file taxes Change of use of property, Basis for depreciation. Should college students file taxes Computer, Depreciation on Computers Correcting amount claimed, Claiming the correct amount of depreciation. Should college students file taxes Form 4562 Rental property depreciation, Depreciation Home computer, Depreciation on Home Computer Property used in trade or business, as noncapital assets, Capital Assets and Noncapital Assets Real property Gain from disposition of property, Depreciation after May 6, 1997. Should college students file taxes Land, no depreciation of, Land. Should college students file taxes Rental property, Depreciation. Should college students file taxes , Depreciation Designated Roth Account Defined. Should college students file taxes , Designated Roth accounts. Should college students file taxes Designated Roth account, Designated Roth accounts. Should college students file taxes , Designated Roth accounts. Should college students file taxes Destroyed records, Destroyed records. Should college students file taxes Diaper service, Table 21-1. Should college students file taxes Medical and Dental Expenses Checklist. Should college students file taxes See Publication 502 for more information about these and other expenses. Should college students file taxes Differential wage payments, Differential wage payments. Should college students file taxes Differential wages Wages for reservists Military reserves, Differential wage payments. Should college students file taxes Direct deposit of refunds, Refunds Directors' fees, Corporate director. Should college students file taxes Disabilities, persons with, Qualifying Person Test, Physically or mentally not able to care for oneself. Should college students file taxes , Credit for the Elderly or the Disabled (see also Elderly or the disabled) Accrued leave payment, Accrued leave payment. Should college students file taxes Armed forces, Disability. Should college students file taxes Blind (see Blind persons) Cafeteria plans, Cafeteria plans. Should college students file taxes Credit for (see Elderly or disabled, credit for) Dependent who is disabled, deduction for care expenses, Disabled Dependent Care Expenses Guide dogs, deductible as medical expense, Table 21-1. Should college students file taxes Medical and Dental Expenses Checklist. Should college students file taxes See Publication 502 for more information about these and other expenses. Should college students file taxes Impairment-related work expenses of, Impairment-Related Work Expenses, Impairment-related work expenses of disabled employees. Should college students file taxes Work-related education, Impairment-Related Work Expenses Insurance costs, Cost paid by you. Should college students file taxes Military and government pensions, Military and Government Disability Pensions Public assistance benefits, Persons with disabilities. Should college students file taxes Reporting of disability pension income, Disability Pensions Retirement, pensions, and profit-sharing plans, Sickness and Injury Benefits, Retirement and profit-sharing plans. Should college students file taxes Signing of return by court-appointed representative, Court-appointed, conservator, or other fiduciary. Should college students file taxes Social security and railroad retirement benefits, deductions for, Disability payments. Should college students file taxes Special school or home for, deductibility of medical expense, Table 21-1. Should college students file taxes Medical and Dental Expenses Checklist. Should college students file taxes See Publication 502 for more information about these and other expenses. Should college students file taxes Terrorist attack as cause of injury, disability payments excluded from taxation, Disability pensions. Should college students file taxes Workers' compensation, Workers' Compensation Disability Income, Disability income. Should college students file taxes Disability benefits Earned income credit, Form 4029. Should college students file taxes Disability insurance payments Earned income credit, Disability insurance payments. Should college students file taxes Disability, permanent and total disability, Permanent and total disability. Should college students file taxes Disabled Child, Permanently and totally disabled. Should college students file taxes Dependent, Disabled dependent working at sheltered workshop. Should college students file taxes Disaster Assistance Act of 1988 Withholding, Federal Payments Disaster relief, Terrorist attack or military action. Should college students file taxes , Disaster relief payments. Should college students file taxes , Disaster relief. Should college students file taxes (see also Terrorist attacks) Cash gifts to victims, Cash gifts. Should college students file taxes Disaster Relief and Emergency Assistance Act Grants, Disaster relief grants. Should college students file taxes Unemployment assistance, Types of unemployment compensation. Should college students file taxes Employer's emergency disaster fund, Employer's emergency disaster fund. Should college students file taxes Government-ordered demolition or relocation of home that is unsafe due to, Deductible losses. Should college students file taxes Grants or payments, Disaster relief grants. Should college students file taxes Replacement of lost or destroyed property, Disaster relief. Should college students file taxes Discharge of qualified principal residence indebtedness, Discharges of qualified principal residence indebtedness. Should college students file taxes , Adjusted Basis Disclosure statement, Disclosure statement. Should college students file taxes Discount, bonds and notes issued at, Original Issue Discount (OID) Discounted debt instruments Capital gain or loss, Discounted Debt Instruments Discounts Employee discounts, effect on basis, Bargain purchases. Should college students file taxes Distributions, Eligible rollover distributions. Should college students file taxes (see also Rollovers) Early (see Early withdrawal from deferred interest account) Liquidating distributions, Liquidating Distributions Lump sum (see Lump-sum distributions) Nondividend distributions, Nondividend Distributions Qualified charitable, Qualified charitable distributions (QCD). Should college students file taxes Qualified reservist, Qualified reservist distributions. Should college students file taxes Required minimum distributions, Required distributions. Should college students file taxes , Required distributions. Should college students file taxes , When Must You Withdraw IRA Assets? (Required Minimum Distributions) (see also Individual retirement arrangements (IRAs)) (see also Pensions) Return of capital, Nondividend Distributions District of Columbia First-time homebuyer credit, Decreases to basis. Should college students file taxes Dividends, Dividends and Other Distributions, Form 1099-DIV. Should college students file taxes , More information. Should college students file taxes (see also Form 1099-DIV) Alaska Permanent Fund (see Alaska Permanent Fund dividends) As stock dividends and stock rights, Distributions of Stock and Stock Rights Backup withholding, Backup withholding. Should college students file taxes Beneficiary of estate or trust receiving, Beneficiary of an estate or trust. Should college students file taxes Buying more stock with, Dividends Used to Buy More Stock Defined, Introduction Exempt-interest dividends, Other Distributions Expenses related to, deduction of, Expenses related to dividend income. Should college students file taxes Fees to collect, Fees to Collect Interest and Dividends Foreign income, Reminder Holding period, determination of, Stock dividends. Should college students file taxes Insurance dividends, Dividends on insurance policies. Should college students file taxes Money market funds, Money Market Funds Nominees receiving on behalf of another, Nominees. Should college students file taxes Nondividend distributions, Nondividend Distributions Ordinary dividends, Ordinary Dividends Patronage dividends, Patronage dividends. Should college students file taxes Qualified, Qualified Dividends, Qualified dividends. Should college students file taxes Real estate investment trusts (REITs) paying, Capital Gain Distributions Redemption treated as, Dividend versus sale or trade. Should college students file taxes Reinvestment plans, Dividends Used to Buy More Stock Reporting of, How To Report Dividend Income As interest, Introduction Scrip dividends, Scrip dividends. Should college students file taxes Sold stock, Dividends on stock sold. Should college students file taxes Stockholder debts when canceled as, Stockholder debt. Should college students file taxes Veterans' insurance, Dividends on veterans' insurance. Should college students file taxes Divorced parents, Children of divorced or separated parents (or parents who live apart). Should college students file taxes , Applying this special rule to divorced or separated parents (or parents who live apart). Should college students file taxes Divorced taxpayers, Alimony. Should college students file taxes (see also Alimony) Child and dependent care credit, Child of divorced or separated parents or parents living apart. Should college students file taxes Child custody, Custodial parent and noncustodial parent. Should college students file taxes Definition of divorce instrument for purposes of alimony, Divorce or separation instrument. Should college students file taxes Estimated tax payments, Divorced Taxpayers Filing status, Divorced persons. Should college students file taxes , Divorced persons. Should college students file taxes IRAs, Kay Bailey Hutchison Spousal IRA. Should college students file taxes , Transfers Incident to Divorce Medical and dental expenses of children of, Child of divorced or separated parents. Should college students file taxes Mortgage interest, payment as alimony, Divorced or separated individuals. Should college students file taxes Personal exemption, Divorced or separated spouse. Should college students file taxes Real estate taxes, allocation of, Divorced individuals. Should college students file taxes Transfers between spouses, Property Transferred From a Spouse, Transfers Between Spouses Use of home after divorce, Use of home after divorce. Should college students file taxes Doctors' bills (see Medical and dental expenses) Documentary evidence Recordkeeping requirements, Documentary evidence. Should college students file taxes Domestic help Withholding, Household workers. Should college students file taxes Domestic help, no exemption for, Housekeepers, maids, or servants. Should college students file taxes