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Tax Planning Us 1040x

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Tax Planning Us 1040x

Tax planning us 1040x 33. Tax planning us 1040x   Crédito para Ancianos o Personas Incapacitadas Table of Contents Introduction Useful Items - You may want to see: ¿Reúne los Requisitos del Crédito?Persona que Reúne los Requisitos Límites sobre los Ingresos Cómo Reclamar el CréditoEl Crédito Calculado por el IRS El Crédito Calculado por Usted Mismo Introduction Si reúne los requisitos, tal vez pueda reducir los impuestos que adeuda tomando el crédito para ancianos o personas incapacitadas, el cual se calcula en el Anexo R (Formulario 1040A o Formulario 1040). Tax planning us 1040x Este capítulo trata lo siguiente: Quién reúne los requisitos para reclamar el crédito para ancianos o personas incapacitadas. Tax planning us 1040x Cómo reclamar el crédito. Tax planning us 1040x Tal vez pueda tomar el crédito para ancianos o personas incapacitadas si: Tiene 65 años de edad o más al final del año 2013 o Se jubiló por incapacidad total y permanente y recibe ingresos por incapacidad sujetos a impuestos. Tax planning us 1040x Useful Items - You may want to see: Publicación 524 Credit for the Elderly or the Disabled (Crédito para ancianos o personas incapacitadas), en inglés 554 Tax Guide for Seniors (Guía tributaria para personas de la tercera edad), en inglés Formulario (e Instrucciones) Anexo R (Formulario 1040A o 1040) Credit for the Elderly or the Disabled (Crédito para ancianos o personas incapacitadas), en inglés ¿Reúne los Requisitos del Crédito? Puede reclamar el crédito para ancianos o personas incapacitadas si le corresponden ambas situaciones: Usted es una persona que reúne los requisitos. Tax planning us 1040x Sus ingresos no sobrepasan determinados límites. Tax planning us 1040x Puede utilizar la Figura 33-A y la Tabla 33-1 como guía para ver si tiene derecho al crédito. Tax planning us 1040x Primero, utilice la Figura 33-A para saber si reúne los requisitos. Tax planning us 1040x En tal caso, pase a la Tabla 33-1 para asegurarse que sus ingresos no superen los límites correspondientes al crédito. Tax planning us 1040x Puede reclamar el crédito sólo si presenta el Formulario 1040 o el Formulario 1040A. Tax planning us 1040x No puede reclamar el crédito si presenta el Formulario 1040EZ. Tax planning us 1040x Persona que Reúne los Requisitos Usted reúne los requisitos de este crédito si es ciudadano estadounidense o extranjero residente y cualquiera de las siguientes situaciones le corresponden: Tenía 65 años de edad o más al final del año 2013. Tax planning us 1040x Tenía menos de 65 años de edad al final del año 2013 y se cumplen las tres condiciones siguientes: Se jubiló por incapacidad total y permanente (se explica más adelante). Tax planning us 1040x Recibió ingresos sujetos a impuestos por incapacidad durante 2013. Tax planning us 1040x En el día 1 de enero de 2013, no había alcanzado la edad de jubilación obligatoria (se define más adelante bajo Ingresos por incapacidad ). Tax planning us 1040x 65 años de edad. Tax planning us 1040x   Se considera que tiene 65 años el día antes de cumplir los 65 años. Tax planning us 1040x Por lo tanto, si nació el 1 de enero de 1949, se considera que tiene 65 años de edad al final de 2013. Tax planning us 1040x Ciudadano o Extranjero Residente de los Estados Unidos Para reclamar el crédito, tiene que ser ciudadano o extranjero residente de los Estados Unidos (o ser tratado como extranjero residente). Tax planning us 1040x Normalmente, no puede reclamar el crédito si fue extranjero no residente en algún momento durante el año tributario. Tax planning us 1040x Excepciones. Tax planning us 1040x   Tal vez pueda tomar el crédito si es extranjero no residente casado con un ciudadano o extranjero residente de los EE. Tax planning us 1040x UU. Tax planning us 1040x al final del año tributario, y usted y su cónyuge optan por tratarlo a usted como extranjero residente de los Estados Unidos. Tax planning us 1040x En tal caso, se gravan impuestos sobre los ingresos que usted y su cónyuge reciban de cualquier parte del mundo. Tax planning us 1040x Si era extranjero no residente al comenzar el año y residente extranjero al final del año, y estaba casado con un ciudadano o extranjero residente de los EE. Tax planning us 1040x UU. Tax planning us 1040x al final del año, tal vez pueda optar por ser considerado extranjero residente de los EE. Tax planning us 1040x UU. Tax planning us 1040x durante todo el año. Tax planning us 1040x En ese caso, quizás se le permita reclamar el crédito. Tax planning us 1040x Para más información sobre estas opciones, vea el capítulo 1 de la Publicación 519, U. Tax planning us 1040x S. Tax planning us 1040x Tax Guide for Aliens (Guía tributaria sobre los impuestos estadounidenses para extranjeros), en inglés. Tax planning us 1040x Personas Casadas Normalmente, si está casado al final del año tributario, usted y su cónyuge tienen que presentar una declaración conjunta para reclamar el crédito. Tax planning us 1040x No obstante, si usted y su cónyuge no vivieron en la misma vivienda en ningún momento durante el año tributario, pueden presentar una declaración conjunta o declaraciones separadas y aún reclamar el crédito. Tax planning us 1040x Cabeza de familia. Tax planning us 1040x   Puede presentar la declaración como cabeza de familia y satisfacer las condiciones del crédito, aun si su cónyuge vivió con usted durante los primeros 6 meses del año, si cumple ciertos requisitos. Tax planning us 1040x Vea Cabeza de Familia en el capítulo 2, para averiguar qué requisitos tiene que cumplir. Tax planning us 1040x Personas Menores de 65 Años de Edad Si tiene menos de 65 años de edad al final del año 2013, puede reunir los requisitos del crédito sólo si está jubilado por incapacidad total y permanente (se explica a continuación) y ha recibido ingresos por incapacidad sujetos a impuestos (se explica más adelante, bajo el tema Ingresos por incapacidad ). Tax planning us 1040x Se le considera jubilado por incapacidad total y permanente si: Estaba total y permanentemente incapacitado cuando se jubiló y Se jubiló por incapacidad antes del cierre del año tributario. Tax planning us 1040x Aunque no se jubile oficialmente, puede que se le considere jubilado por incapacidad cuando haya dejado de trabajar debido a su incapacidad. Tax planning us 1040x Si se jubiló por incapacidad antes de 1977 y no estaba total y permanentemente incapacitado en ese momento, puede cumplir los requisitos del crédito si estaba total y permanentemente incapacitado el 1 de enero de 1976 o el 1 de enero de 1977. Tax planning us 1040x Total y permanentemente incapacitado. Tax planning us 1040x    Está total y permanentemente incapacitado si no puede dedicarse a ninguna actividad sustancial remunerada a causa de una condición física o mental. Tax planning us 1040x Un médico calificado tiene que confirmar por escrito que dicha condición ha durado o puede durar 12 meses o más, o que dicha condición puede culminar en la muerte. Tax planning us 1040x Vea Declaración del médico , más adelante. Tax planning us 1040x Actividad sustancial remunerada. Tax planning us 1040x   Se define “actividad sustancial remunerada” como el desempeño de deberes importantes a lo largo de un período de tiempo razonable, mientras uno trabaje para recibir remuneración u obtener ganancias; o un trabajo generalmente realizado a cambio de remuneración o ganancias. Tax planning us 1040x El mantener un empleo a tiempo completo (o un empleo a tiempo parcial a conveniencia de su empleador) en un ambiente laboral competitivo donde se paga por lo menos el salario mínimo se considera una prueba contundente de que puede dedicarse a una actividad sustancial remunerada. Tax planning us 1040x   Los trabajos realizados para cuidarse a sí mismo o cuidar su vivienda no se consideran actividades sustanciales remuneradas. Tax planning us 1040x Tampoco se considera actividad sustancial remunerada: el trabajo no remunerado desempeñado en relación con los pasatiempos, la capacitación o terapia institucional, asistencia a una escuela, los clubes, programas sociales y otras actividades semejantes. Tax planning us 1040x No obstante, realizar este tipo de trabajo puede demostrar que usted es capaz de dedicarse a una actividad sustancial remunerada. Tax planning us 1040x    El hecho de que no haya trabajado por algún tiempo no se considera una prueba concluyente de que no pueda dedicarse a una actividad sustancial remunerada. Tax planning us 1040x Empleo en establecimientos protegidos. Tax planning us 1040x   Ciertos trabajos ofrecidos a personas con incapacidad física o mental en establecimientos que reúnen ciertos requisitos se consideran empleo protegido. Tax planning us 1040x Dichos sitios se ubican en establecimientos protegidos, tales como talleres, hospitales e instituciones parecidas, programas laborales o educativos en el hogar y asilos patrocinados por el Departamento de Asuntos de Veteranos (VA, por sus siglas en inglés). Tax planning us 1040x   En comparación con el empleo comercial, la remuneración del empleo en establecimientos protegidos es más baja. Tax planning us 1040x Por lo tanto, una persona no suele buscar empleo en establecimientos protegidos si puede encontrar otro empleo. Tax planning us 1040x El hecho de que una persona haya aceptado un empleo en establecimientos protegidos no comprueba que la persona pueda dedicarse a una actividad sustancial remunerada. Tax planning us 1040x Declaración del médico. Tax planning us 1040x   Si tiene menos de 65 años de edad, su médico tiene que certificar por escrito que usted estaba total y permanentemente incapacitado en la fecha en que se jubiló. Tax planning us 1040x Puede utilizar la declaración en las Instrucciones del Anexo R (Fomulario 1040A o 1040). Tax planning us 1040x    Please click here for the text description of the image. Tax planning us 1040x Figura 33−A. Tax planning us 1040x ¿Es Usted una Persona que Reúne los Requisitos? Tabla 33-1. Tax planning us 1040x Límites sobre los Ingresos SI su estado civil para efectos de la declaración es . Tax planning us 1040x . Tax planning us 1040x . Tax planning us 1040x . Tax planning us 1040x ENTONCES aun si reúne los requisitos (vea la Figura 33-A ), NO PUEDE reclamar el crédito si . Tax planning us 1040x . Tax planning us 1040x . Tax planning us 1040x . Tax planning us 1040x Tiene ingresos brutos ajustados (AGI, por sus siglas en inglés)* iguales o superiores a . Tax planning us 1040x . Tax planning us 1040x . Tax planning us 1040x . Tax planning us 1040x O el total de su Seguro Social no sujeto a impuestos además de otras pensiones, anualidades o ingreso por incapacidad no sujetos a impuestos es igual o superior a . Tax planning us 1040x . Tax planning us 1040x . Tax planning us 1040x . Tax planning us 1040x soltero, cabeza de familia o viudo que reúne los requisitos con hijo dependiente $17,500 $5,000 casado que presenta una declaración conjunta y sólo uno de los cónyuges reúne los requisitos de la Figura 33-A $20,000 $5,000 casado que presenta una declaración conjunta y ambos cónyuges reúnen los requisitos de la Figura 33-A $25,000 $7,500 casado que presenta una declaración por separado y usted y su cónyuge no vivieron en la misma vivienda en ningún momento del año 2013 $12,500 $3,750 *El AGI es la cantidad indicada en la línea 22 del Formulario 1040A o la línea 38 del Formulario 1040. Tax planning us 1040x   No tiene que presentar esta declaración escrita junto con el Formulario 1040 o Formulario 1040A, pero tiene que guardarla con su documentación. Tax planning us 1040x Veteranos. Tax planning us 1040x   Si el Departamento de Asuntos de Veteranos (VA, por sus siglas en inglés) certifica que está total y permanentemente incapacitado, puede utilizar el Formulario 21-0172 del VA, Certification of Permanent and Total Disability (Certificación de incapacidad total y permanente), en inglés, en lugar de la declaración escrita de un médico que usted está obligado a conservar. Tax planning us 1040x El Formulario 21-0172 del VA tiene que ser firmado por una persona autorizada por el VA. Tax planning us 1040x Puede obtener este formulario de la oficina regional del VA de su área. Tax planning us 1040x Declaración escrita de un médico obtenida en un año anterior. Tax planning us 1040x   Si obtuvo una declaración escrita de su médico en un año anterior y, por su condición continua de incapacidad, no pudo dedicarse a ninguna actividad sustancial remunerada durante 2013, quizás no necesite obtener otra declaración escrita de su médico para 2013. Tax planning us 1040x Para leer una explicación detallada de las condiciones que tiene que cumplir, consulte la Parte II de las Instrucciones del Anexo R (Formulario 1040A o 1040). Tax planning us 1040x Si satisface las condiciones obligatorias, marque el recuadro 2 de la Parte II del Anexo R (Formulario 1040A o 1040). Tax planning us 1040x   Si marcó el recuadro 4, 5 ó 6 de la Parte I del Anexo R (Formulario 1040A o 1040), anote en el espacio por encima del recuadro de la línea 2 de la Parte II el (los) primer(os) nombre(s) del (de los) cónyuge(s) para el (los) cual(es) está marcado dicho recuadro. Tax planning us 1040x Ingresos por incapacidad. Tax planning us 1040x   Si tiene menos de 65 años de edad, tiene que tener también ingresos tributables de compensación por incapacidad para reunir los requisitos del crédito. Tax planning us 1040x Los ingresos de compensación por incapacidad tienen que cumplir los siguientes requisitos: Se tienen que pagar conforme al seguro de accidente o médico, o el plan de pensiones de su empleador. Tax planning us 1040x Se tienen que incluir en los ingresos como salario (o pagos en lugar de salario) durante el tiempo por el cual se ausentó del trabajo a raíz de una incapacidad total y permanente. Tax planning us 1040x Pagos que no se consideran ingresos por incapacidad. Tax planning us 1040x   Todo pago que reciba de un plan que no ofrece una opción para la jubilación por incapacidad no se considera ingreso por incapacidad. Tax planning us 1040x Todo pago global que reciba por vacaciones acumuladas al jubilarse por incapacidad se considera pago de salario en vez de ingreso por incapacidad. Tax planning us 1040x   Para propósitos del crédito para ancianos o personas incapacitadas, los ingresos por incapacidad no incluyen cantidades que usted reciba después de cumplir la edad obligatoria de jubilación. Tax planning us 1040x La edad obligatoria de jubilación es la edad establecida por su empleador en la que usted habría estado obligado a jubilarse si no se hubiera quedado incapacitado. Tax planning us 1040x Límites sobre los Ingresos Para determinar si puede reclamar el crédito, tiene que tener en cuenta dos límites sobre los ingresos. Tax planning us 1040x El primer límite es la cantidad de ingresos brutos ajustados (AGI, por sus siglas en inglés). Tax planning us 1040x El segundo límite es la cantidad de Seguro Social no sujeta a impuestos y otras pensiones, anualidades o compensación por incapacidad no sujetas a impuestos que haya recibido. Tax planning us 1040x Se indican los límites en la Tabla 33-1. Tax planning us 1040x Si tiene ingresos brutos ajustados y pensiones, anualidades o compensación por incapacidad no sujetos a impuestos inferiores a los límites de ingresos, quizás pueda reclamar el crédito. Tax planning us 1040x Vea Cómo Reclamar el Crédito , más adelante. Tax planning us 1040x Si tiene ingresos brutos ajustados o pensiones, anualidades o compensación por incapacidad no sujetos a impuestos iguales o superiores a los límites de ingresos, no puede reclamar el crédito. Tax planning us 1040x Cómo Reclamar el Crédito Puede calcular el crédito usted mismo o el Servicio de Impuestos Internos (IRS, por sus siglas en inglés) se lo calculará. Tax planning us 1040x El Crédito Calculado por el IRS Si opta por que el IRS le calcule el crédito, lea el tema presentado a continuación relacionado con el formulario que usted va a presentar (el Formulario 1040 o el Formulario 1040A). Tax planning us 1040x Si desea que el IRS le calcule su impuesto, vea el capítulo 30 . Tax planning us 1040x Formulario 1040. Tax planning us 1040x   Si desea que el IRS le calcule el crédito, vea Datos a Incluir en el Formulario 1040 bajo Impuestos Calculados por el IRS en el capítulo 30. Tax planning us 1040x Formulario 1040A. Tax planning us 1040x   Si desea que el IRS le calcule el crédito, vea Datos a Incluir en el Formulario 1040A bajo Impuestos Calculados por el IRS en el capítulo 30. Tax planning us 1040x El Crédito Calculado por Usted Mismo Si opta por calcular el crédito usted mismo, llene la primera página del Anexo R (Formulario 1040A o 1040). Tax planning us 1040x Luego, llene la Parte III del Anexo R (Formulario 1040A o 1040). Tax planning us 1040x Si presenta el Formulario 1040A, anote en la línea 30 de este formulario la cantidad proveniente de la línea 22 del Anexo R (Formulario 1040A o 1040). Tax planning us 1040x Si presenta el Formulario 1040, anote en la línea 53 de este formulario la cantidad proveniente de la línea 22 del Anexo R (Formulario 1040A o 1040), marque el recuadro c y escriba “Sch R” en la línea al lado de dicho recuadro. Tax planning us 1040x Para leer una explicación detallada sobre cómo llenar la Parte III del Anexo R, vea Figuring the Credit Yourself (Cómo calcular el crédito usted mismo), en la Publicación 524, en inglés. Tax planning us 1040x Límite del crédito. Tax planning us 1040x   La cantidad del crédito que puede reclamar, por lo general, suele limitarse a la cantidad de impuestos que tiene que pagar. Tax planning us 1040x Utilice la Credit Limit Worksheet (Hoja de trabajo para calcular el límite del crédito), en las Instrucciones del Anexo R (Formulario 1040A o Formulario 1040) para determinar si su crédito es limitado. Tax planning us 1040x Prev  Up  Next   Home   More Online Publications
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Face-to-face Tax Help

IRS Taxpayer Assistance Centers (TACs) are your source for personal tax help when you believe your tax issue can only be handled face-to-face. No appointment is necessary.

Keep in mind, many questions can be resolved online without waiting in line. Through IRS.gov you can:
• Set up a payment plan.
• Get a transcript of your tax return.
• Make a payment.
• Check on your refund.
• Find answers to many of your tax questions.

We are now referring all requests for tax return preparation services to other available resources. You can take advantage of free tax preparation through Free File, Free File Fillable Forms or through a volunteer site in your community. To find the nearest volunteer site location or to get more information about Free File, go to the top of the page and enter “Free Tax Help” in the Search box.

If you have a tax account issues and feel that it requires talking with someone face-to-face, visit your local TAC.

Caution:  Many of our offices are located in Federal Office Buildings. These buildings may not allow visitors to bring in cell phones with camera capabilities.

Multilingual assistance is available in every office. Hours of operation are subject to change.

Before visiting your local office click on "Services Provided" in the chart below to see what services are available. Services are limited and not all services are available at every TAC office and may vary from site to site. You can get these services on a walk-in basis.

 City Street Address  Days/Hours of Service  Telephone* 
Colorado Springs  2864 S. Circle Dr.
Colorado Springs, CO 80906 

Monday-Friday - 8:30 a.m.- 4:30 p.m.

 

**This office will be open until 6:00 p.m. on 4/14 & 4/15**

 

Services Provided

(719) 579-5227 
Denver  1999 Broadway
Denver, CO 80202 

Monday-Friday - 8:30 a.m.- 4:30 p.m.

 

**This office will be open until 6:00 p.m. on 4/14 & 4/15**

 

Services Provided

(303) 446-1675 
Ft. Collins  301 S. Howes St.
Ft. Collins, CO 80521 

Monday-Friday - 8:30 a.m.- 4:30 p.m.
(Closed for lunch 12:30 p.m. - 1:30 p.m.)

 

Services Provided

(970) 221-0688 
Grand Junction  400 Rood Ave.
Grand Junction, CO 81505 

Monday-Friday - 8:30 a.m.- 4:30 p.m.
(Closed for lunch 12:30 p.m. -1:30 p.m.)

 

Services Provided

(970) 241-6265 


* Note: The phone numbers in the chart above are not toll-free for all locations. When you call, you will reach a recorded business message with information about office hours, locations and services provided in that office. If face-to-face assistance is not a priority for you, you may also get help with IRS letters or resolve tax account issues by phone, toll free at 1-800-829-1040 (individuals) or 1-800-829-4933 (businesses).

For information on where to file your tax return please see Where to File Addresses.

The Taxpayer Advocate Service: Call 303-603-4600 in the Denver area or 1-877-777-4778 elsewhere, or see  Publication 1546, The Taxpayer Advocate Service of the IRS. For further information, see  Tax Topic 104.

Partnerships

IRS and organizations all over the country are partnering to assist taxpayers. Through these partnerships, organizations are also achieving their own goals. These mutually beneficial partnerships are strengthening outreach efforts and bringing education and assistance to millions.

For more information about these programs for individuals and families, contact the Stakeholder Partnerships, Education and Communication Office at:

Internal Revenue Service
1999 Broadway, MS 6610DEN
Denver, CO 80202-2490

For more information about these programs for businesses, your local Stakeholder Liaison office establishes relationships with organizations representing small business and self-employed taxpayers. They provide information about the policies, practices and procedures the IRS uses to ensure compliance with the tax laws. To establish a relationship with us, use this list to find a contact in your state:

Stakeholder Liaison (SL) Phone Numbers for Organizations Representing Small Businesses and Self-employed Taxpayers.

Page Last Reviewed or Updated: 28-Mar-2014

The Tax Planning Us 1040x

Tax planning us 1040x 16. Tax planning us 1040x   Reporting Gains and Losses Table of Contents What's New Introduction Useful Items - You may want to see: Reporting Capital Gains and Losses Exception 1. Tax planning us 1040x Exception 2. Tax planning us 1040x File Form 1099-B or Form 1099-S with the IRS. Tax planning us 1040x Capital Losses Capital Gain Tax Rates What's New Maximum capital gain rates. Tax planning us 1040x . Tax planning us 1040x  For 2013, the maximum capital gain rates are 0%, 15%, 20%, 25%, and 28%. Tax planning us 1040x Introduction This chapter discusses how to report capital gains and losses from sales, exchanges, and other dispositions of investment property on Form 8949 and Schedule D (Form 1040). Tax planning us 1040x The discussion includes the following topics. Tax planning us 1040x How to report short-term gains and losses. Tax planning us 1040x How to report long-term gains and losses. Tax planning us 1040x How to figure capital loss carryovers. Tax planning us 1040x How to figure your tax on a net capital gain. Tax planning us 1040x If you sell or otherwise dispose of property used in a trade or business or for the production of income, see Publication 544, Sales and Other Dispositions of Assets, before completing Schedule D (Form 1040). Tax planning us 1040x Useful Items - You may want to see: Publication 537 Installment Sales 544 Sales and Other Dispositions of Assets 550 Investment Income and Expenses Form (and Instructions) 4797 Sales of Business Property 6252 Installment Sale Income 8582 Passive Activity Loss Limitations 8949 Sales and Other Dispositions of Capital Assets Schedule D (Form 1040) Capital Gains and Losses Reporting Capital Gains and Losses Generally, report capital gains and losses on Form 8949. Tax planning us 1040x Complete Form 8949 before you complete line 1b, 2, 3, 8b, 9, or 10 of Schedule D (Form 1040). Tax planning us 1040x Use Form 8949 to report: The sale or exchange of a capital asset not reported on another form or schedule; Gains from involuntary conversions (other than from casualty or theft) of capital assets not held for business or profit; and Nonbusiness bad debts. Tax planning us 1040x Use Schedule D (Form 1040): To figure the overall gain or loss from transactions reported on Form 8949; To report a gain from Form 6252 or Part I of Form 4797; To report a gain or loss from Form 4684, 6781, or 8824; To report capital gain distributions not reported directly on Form 1040 or Form 1040A; To report a capital loss carryover from the previous tax year to the current tax year; To report your share of a gain or (loss) from a partnership, S corporation, estate, or trust; To report transactions reported to you on a Form 1099-B (or substitute statement) showing basis was reported to the IRS and to which none of the Form 8949 adjustments or codes apply; and To report undistributed long-term capital gains from Form 2439. Tax planning us 1040x On Form 8949, enter all sales and exchanges of capital assets, including stocks, bonds, etc. Tax planning us 1040x , and real estate (if not reported on Form 4684, 4797, 6252, 6781, 8824, or line 1a or 8a of Schedule D). Tax planning us 1040x Include these transactions even if you did not receive a Form 1099-B or 1099-S (or substitute statement) for the transaction. Tax planning us 1040x Report short-term gains or losses in Part I. Tax planning us 1040x Report long-term gains or losses in Part II. Tax planning us 1040x Use as many Forms 8949 as you need. Tax planning us 1040x Exceptions to filing Form 8949 and Schedule D (Form 1040). Tax planning us 1040x   There are certain situations where you may not have to file Form 8949 and/or Schedule D (Form 1040). Tax planning us 1040x Exception 1. Tax planning us 1040x   You do not have to file Form 8949 or Schedule D (Form 1040) if you have no capital losses and your only capital gains are capital gain distributions from Form(s) 1099-DIV, box 2a (or substitute statements). Tax planning us 1040x (If any Form(s) 1099-DIV (or substitute statements) you receive have an amount in box 2b (unrecaptured section 1250 gain), box 2c (section 1202 gain), or box 2d (collectibles (28%) gain), you do not qualify for this exception. Tax planning us 1040x ) If you qualify for this exception, report your capital gain distributions directly on line 13 of Form 1040 (and check the box on line 13). Tax planning us 1040x Also use the Qualified Dividends and Capital Gain Tax Worksheet in the Form 1040 instructions to figure your tax. Tax planning us 1040x You can report your capital gain distributions on line 10 of Form 1040A, instead of on Form 1040, if none of the Forms 1099-DIV (or substitute statements) you received have an amount in box 2b, 2c, or 2d, and you do not have to file Form 1040. Tax planning us 1040x Exception 2. Tax planning us 1040x   You must file Schedule D (Form 1040), but generally do not have to file Form 8949, if Exception 1 does not apply and your only capital gains and losses are: Capital gain distributions; A capital loss carryover; A gain from Form 2439 or 6252 or Part I of Form 4797; A gain or loss from Form 4684, 6781, or 8824; A gain or loss from a partnership, S corporation, estate, or trust; or Gains and losses from transactions for which you received a Form 1099-B (or substitute statement) that shows the basis was reported to the IRS and for which you do not need to make any adjustments in column (g) of Form 8949 or enter any codes in column (f) of Form 8949. Tax planning us 1040x Installment sales. Tax planning us 1040x   You cannot use the installment method to report a gain from the sale of stock or securities traded on an established securities market. Tax planning us 1040x You must report the entire gain in the year of sale (the year in which the trade date occurs). Tax planning us 1040x Passive activity gains and losses. Tax planning us 1040x    If you have gains or losses from a passive activity, you may also have to report them on Form 8582. Tax planning us 1040x In some cases, the loss may be limited under the passive activity rules. Tax planning us 1040x Refer to Form 8582 and its instructions for more information about reporting capital gains and losses from a passive activity. Tax planning us 1040x Form 1099-B transactions. Tax planning us 1040x   If you sold property, such as stocks, bonds, or certain commodities, through a broker, you should receive Form 1099-B or substitute statement from the broker. Tax planning us 1040x Use the Form 1099-B or the substitute statement to complete Form 8949. Tax planning us 1040x If you sold a covered security in 2013, your broker should send you a Form 1099-B (or substitute statement) that shows your basis. Tax planning us 1040x This will help you complete Form 8949. Tax planning us 1040x Generally, a covered security is a security you acquired after 2010. Tax planning us 1040x   Report the gross proceeds shown in box 2a of Form 1099-B as the sales price in column (d) of either Part I or Part II of Form 8949, whichever applies. Tax planning us 1040x However, if the broker advises you, in box 2a of Form 1099-B, that gross proceeds (sales price) less commissions and option premiums were reported to the IRS, enter that net sales price in column (d) of either Part I or Part II of Form 8949, whichever applies. Tax planning us 1040x    Include in column (g) any expense of sale, such as broker's fees, commissions, state and local transfer taxes, and option premiums, unless you reported the net sales price in column (d). Tax planning us 1040x If you include an expense of sale in column (g), enter “E” in column (f). Tax planning us 1040x Form 1099-CAP transactions. Tax planning us 1040x   If a corporation in which you own stock has had a change in control or a substantial change in capital structure, you should receive Form 1099-CAP or a substitute statement from the corporation. Tax planning us 1040x Use the Form 1099-CAP or substitute statement to fill in Form 8949. Tax planning us 1040x If your computations show that you would have a loss because of the change, do not enter any amounts on Form 8949 or Schedule D (Form 1040). Tax planning us 1040x You cannot claim a loss on Schedule D (Form 1040) as a result of this transaction. Tax planning us 1040x   Report the aggregate amount received shown in box 2 of Form 1099-CAP as the sales price in column (d) of either Part I or Part II of Form 8949, whichever applies. Tax planning us 1040x Form 1099-S transactions. Tax planning us 1040x   If you sold or traded reportable real estate, you generally should receive from the real estate reporting person a Form 1099-S showing the gross proceeds. Tax planning us 1040x    “Reportable real estate” is defined as any present or future ownership interest in any of the following: Improved or unimproved land, including air space; Inherently permanent structures, including any residential, commercial, or industrial building; A condominium unit and its accessory fixtures and common elements, including land; and Stock in a cooperative housing corporation (as defined in section 216 of the Internal Revenue Code). Tax planning us 1040x   A “real estate reporting person” could include the buyer's attorney, your attorney, the title or escrow company, a mortgage lender, your broker, the buyer's broker, or the person acquiring the biggest interest in the property. Tax planning us 1040x   Your Form 1099-S will show the gross proceeds from the sale or exchange in box 2. Tax planning us 1040x See the Instructions for Form 8949 and the Instructions for Schedule D (Form 1040) for how to report these transactions and include them in Part I or Part II of Form 8949 as appropriate. Tax planning us 1040x However, report like-kind exchanges on Form 8824 instead. Tax planning us 1040x   It is unlawful for any real estate reporting person to separately charge you for complying with the requirement to file Form 1099-S. Tax planning us 1040x Nominees. Tax planning us 1040x   If you receive gross proceeds as a nominee (that is, the gross proceeds are in your name but actually belong to someone else), see the Instructions for Form 8949 for how to report these amounts on Form 8949. Tax planning us 1040x File Form 1099-B or Form 1099-S with the IRS. Tax planning us 1040x   If you received gross proceeds as a nominee in 2013, you must file a Form 1099-B or Form 1099-S for those proceeds with the IRS. Tax planning us 1040x Send the Form 1099-B or Form 1099-S with a Form 1096, Annual Summary and Transmittal of U. Tax planning us 1040x S. Tax planning us 1040x Information Returns, to your Internal Revenue Service Center by February 28, 2014 (March 31, 2014, if you file Form 1099-B or Form 1099-S electronically). Tax planning us 1040x Give the actual owner of the proceeds Copy B of the Form 1099-B or Form 1099-S by February 18, 2014. Tax planning us 1040x On Form 1099-B, you should be listed as the “Payer. Tax planning us 1040x ” The other owner should be listed as the “Recipient. Tax planning us 1040x ” On Form 1099-S, you should be listed as the “Filer. Tax planning us 1040x ” The other owner should be listed as the “Transferor. Tax planning us 1040x ” You do not have to file a Form 1099-B or Form 1099-S to show proceeds for your spouse. Tax planning us 1040x For more information about the reporting requirements and the penalties for failure to file (or furnish) certain information returns, see the General Instructions for Certain Information Returns. Tax planning us 1040x If you are filing electronically see Publication 1220. Tax planning us 1040x Sale of property bought at various times. Tax planning us 1040x   If you sell a block of stock or other property that you bought at various times, report the short-term gain or loss from the sale on one row in Part I of Form 8949, and the long-term gain or loss on one row in Part II of Form 8949. Tax planning us 1040x Write “Various” in column (b) for the “Date acquired. Tax planning us 1040x ” Sale expenses. Tax planning us 1040x    On Form 8949, include in column (g) any expense of sale, such as broker's fees, commissions, state and local transfer taxes, and option premiums, unless you reported the net sales price in column (d). Tax planning us 1040x If you include an expense of sale in column (g), enter “E” in column (f). Tax planning us 1040x   For more information about adjustments to basis, see chapter 13. Tax planning us 1040x Short-term gains and losses. Tax planning us 1040x   Capital gain or loss on the sale or trade of investment property held 1 year or less is a short-term capital gain or loss. Tax planning us 1040x You report it in Part I of Form 8949. Tax planning us 1040x   You combine your share of short-term capital gain or loss from partnerships, S corporations, estates, and trusts, and any short-term capital loss carryover, with your other short-term capital gains and losses to figure your net short-term capital gain or loss on line 7 of Schedule D (Form 1040). Tax planning us 1040x Long-term gains and losses. Tax planning us 1040x    A capital gain or loss on the sale or trade of investment property held more than 1 year is a long-term capital gain or loss. Tax planning us 1040x You report it in Part II of Form 8949. Tax planning us 1040x   You report the following in Part II of Schedule D (Form 1040): Undistributed long-term capital gains from a mutual fund (or other regulated investment company) or real estate investment trust (REIT); Your share of long-term capital gains or losses from partnerships, S corporations, estates, and trusts; All capital gain distributions from mutual funds and REITs not reported directly on line 10 of Form 1040A or line 13 of Form 1040; and Long-term capital loss carryovers. Tax planning us 1040x    The result after combining these items with your other long-term capital gains and losses is your net long-term capital gain or loss (Schedule D (Form 1040), line 15). Tax planning us 1040x Total net gain or loss. Tax planning us 1040x   To figure your total net gain or loss, combine your net short-term capital gain or loss (Schedule D (Form 1040), line 7) with your net long-term capital gain or loss (Schedule D (Form 1040), line 15). Tax planning us 1040x Enter the result on Schedule D (Form 1040), Part III, line 16. Tax planning us 1040x If your losses are more than your gains, see Capital Losses , next. Tax planning us 1040x If both lines 15 and 16 of your Schedule D (Form 1040) are gains and your taxable income on your Form 1040 is more than zero, see Capital Gain Tax Rates , later. Tax planning us 1040x Capital Losses If your capital losses are more than your capital gains, you can claim a capital loss deduction. Tax planning us 1040x Report the amount of the deduction on line 13 of Form 1040, in parentheses. Tax planning us 1040x Limit on deduction. Tax planning us 1040x   Your allowable capital loss deduction, figured on Schedule D (Form 1040), is the lesser of: $3,000 ($1,500 if you are married and file a separate return); or Your total net loss as shown on line 16 of Schedule D (Form 1040). Tax planning us 1040x   You can use your total net loss to reduce your income dollar for dollar, up to the $3,000 limit. Tax planning us 1040x Capital loss carryover. Tax planning us 1040x   If you have a total net loss on line 16 of Schedule D (Form 1040) that is more than the yearly limit on capital loss deductions, you can carry over the unused part to the next year and treat it as if you had incurred it in that next year. Tax planning us 1040x If part of the loss is still unused, you can carry it over to later years until it is completely used up. Tax planning us 1040x   When you figure the amount of any capital loss carryover to the next year, you must take the current year's allowable deduction into account, whether or not you claimed it and whether or not you filed a return for the current year. Tax planning us 1040x   When you carry over a loss, it remains long term or short term. Tax planning us 1040x A long-term capital loss you carry over to the next tax year will reduce that year's long-term capital gains before it reduces that year's short-term capital gains. Tax planning us 1040x Figuring your carryover. Tax planning us 1040x   The amount of your capital loss carryover is the amount of your total net loss that is more than the lesser of: Your allowable capital loss deduction for the year; or Your taxable income increased by your allowable capital loss deduction for the year and your deduction for personal exemptions. Tax planning us 1040x   If your deductions are more than your gross income for the tax year, use your negative taxable income in computing the amount in item (2). Tax planning us 1040x    Complete the Capital Loss Carryover Worksheet in the Instructions for Schedule D or Publication 550 to determine the part of your capital loss that you can carry over. Tax planning us 1040x Example. Tax planning us 1040x Bob and Gloria sold securities in 2013. Tax planning us 1040x The sales resulted in a capital loss of $7,000. Tax planning us 1040x They had no other capital transactions. Tax planning us 1040x Their taxable income was $26,000. Tax planning us 1040x On their joint 2013 return, they can deduct $3,000. Tax planning us 1040x The unused part of the loss, $4,000 ($7,000 − $3,000), can be carried over to 2014. Tax planning us 1040x If their capital loss had been $2,000, their capital loss deduction would have been $2,000. Tax planning us 1040x They would have no carryover. Tax planning us 1040x Use short-term losses first. Tax planning us 1040x   When you figure your capital loss carryover, use your short-term capital losses first, even if you incurred them after a long-term capital loss. Tax planning us 1040x If you have not reached the limit on the capital loss deduction after using the short-term capital losses, use the long-term capital losses until you reach the limit. Tax planning us 1040x Decedent's capital loss. Tax planning us 1040x    A capital loss sustained by a decedent during his or her last tax year (or carried over to that year from an earlier year) can be deducted only on the final income tax return filed for the decedent. Tax planning us 1040x The capital loss limits discussed earlier still apply in this situation. Tax planning us 1040x The decedent's estate cannot deduct any of the loss or carry it over to following years. Tax planning us 1040x Joint and separate returns. Tax planning us 1040x   If you and your spouse once filed separate returns and are now filing a joint return, combine your separate capital loss carryovers. Tax planning us 1040x However, if you and your spouse once filed a joint return and are now filing separate returns, any capital loss carryover from the joint return can be deducted only on the return of the spouse who actually had the loss. Tax planning us 1040x Capital Gain Tax Rates The tax rates that apply to a net capital gain are generally lower than the tax rates that apply to other income. Tax planning us 1040x These lower rates are called the maximum capital gain rates. Tax planning us 1040x The term “net capital gain” means the amount by which your net long-term capital gain for the year is more than your net short-term capital loss. Tax planning us 1040x For 2013, the maximum capital gain rates are 0%, 15%, 20%, 25%, and 28%. Tax planning us 1040x See Table 16-1 for details. Tax planning us 1040x If you figure your tax using the maximum capital gain rate and the regular tax computation results in a lower tax, the regular tax computation applies. Tax planning us 1040x Example. Tax planning us 1040x All of your net capital gain is from selling collectibles, so the capital gain rate would be 28%. Tax planning us 1040x If you are otherwise subject to a rate lower than 28%, the 28% rate does not apply. Tax planning us 1040x Investment interest deducted. Tax planning us 1040x   If you claim a deduction for investment interest, you may have to reduce the amount of your net capital gain that is eligible for the capital gain tax rates. Tax planning us 1040x Reduce it by the amount of the net capital gain you choose to include in investment income when figuring the limit on your investment interest deduction. Tax planning us 1040x This is done on the Schedule D Tax Worksheet or the Qualified Dividends and Capital Gain Tax Worksheet. Tax planning us 1040x For more information about the limit on investment interest, see Interest Expenses in chapter 3 of Publication 550. Tax planning us 1040x Table 16-1. Tax planning us 1040x What Is Your Maximum Capital Gain Rate? IF your net capital gain is from . Tax planning us 1040x . Tax planning us 1040x . Tax planning us 1040x THEN your  maximum capital gain rate is . Tax planning us 1040x . Tax planning us 1040x . Tax planning us 1040x a collectibles gain 28% an eligible gain on qualified small business stock minus the section 1202 exclusion 28% an unrecaptured section 1250 gain 25% other gain1 and the regular tax rate that would apply is 39. Tax planning us 1040x 6% 20% other gain1 and the regular tax rate that would apply is 25%, 28%, 33%, or 35% 15% other gain1 and the regular tax rate that would apply is 10% or 15% 0% 1 Other gain means any gain that is not collectibles gain, gain on qualified small business stock, or unrecaptured section 1250 gain. Tax planning us 1040x     Collectibles gain or loss. Tax planning us 1040x   This is gain or loss from the sale or trade of a work of art, rug, antique, metal (such as gold, silver, and platinum bullion), gem, stamp, coin, or alcoholic beverage held more than 1 year. Tax planning us 1040x   Collectibles gain includes gain from sale of an interest in a partnership, S corporation, or trust due to unrealized appreciation of collectibles. Tax planning us 1040x Gain on qualified small business stock. Tax planning us 1040x    If you realized a gain from qualified small business stock that you held more than 5 years, you generally can exclude some or all of your gain under section 1202. Tax planning us 1040x The eligible gain minus your section 1202 exclusion is a 28% rate gain. Tax planning us 1040x See Gains on Qualified Small Business Stock in chapter 4 of Publication 550. Tax planning us 1040x Unrecaptured section 1250 gain. Tax planning us 1040x    Generally, this is any part of your capital gain from selling section 1250 property (real property) that is due to depreciation (but not more than your net section 1231 gain), reduced by any net loss in the 28% group. Tax planning us 1040x Use the Unrecaptured Section 1250 Gain Worksheet in the Schedule D (Form 1040) instructions to figure your unrecaptured section 1250 gain. Tax planning us 1040x For more information about section 1250 property and section 1231 gain, see chapter 3 of Publication 544. Tax planning us 1040x Tax computation using maximum capital gain rates. Tax planning us 1040x   Use the Qualified Dividends and Capital Gain Tax Worksheet or the Schedule D Tax Worksheet (whichever applies) to figure your tax if you have qualified dividends or net capital gain. Tax planning us 1040x You have net capital gain if Schedule D (Form 1040), lines 15 and 16, are both gains. Tax planning us 1040x Schedule D Tax Worksheet. Tax planning us 1040x   Use the Schedule D Tax Worksheet in the Schedule D (Form 1040) instructions to figure your tax if: You have to file Schedule D (Form 1040); and Schedule D (Form 1040), line 18 (28% rate gain) or line 19 (unrecaptured section 1250 gain), is more than zero. Tax planning us 1040x Qualified Dividends and Capital Gain Tax Worksheet. Tax planning us 1040x   If you do not have to use the Schedule D Tax Worksheet (as explained above) and any of the following apply, use the Qualified Dividends and Capital Gain Tax Worksheet in the instructions for Form 1040 or Form 1040A (whichever you file) to figure your tax. Tax planning us 1040x You received qualified dividends. Tax planning us 1040x (See Qualified Dividends in chapter 8. Tax planning us 1040x ) You do not have to file Schedule D (Form 1040) and you received capital gain distributions. Tax planning us 1040x (See Exceptions to filing Form 8949 and Schedule D (Form 1040) , earlier. Tax planning us 1040x ) Schedule D (Form 1040), lines 15 and 16, are both more than zero. Tax planning us 1040x Alternative minimum tax. Tax planning us 1040x   These capital gain rates are also used in figuring alternative minimum tax. Tax planning us 1040x Prev  Up  Next   Home   More Online Publications