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Taxes For College Students

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Taxes For College Students

Taxes for college students 9. Taxes for college students   Rental Income and Expenses Table of Contents Introduction Useful Items - You may want to see: Rental Income Rental ExpensesVacant while listed for sale. Taxes for college students Repairs and Improvements Other Expenses Property Changed to Rental Use Renting Part of Property Not Rented for Profit Personal Use of Dwelling Unit (Including Vacation Home)Example. Taxes for college students Dividing Expenses Dwelling Unit Used as a Home Reporting Income and Deductions DepreciationChanging your accounting method to deduct unclaimed depreciation. Taxes for college students Limits on Rental LossesAt-Risk Rules Passive Activity Limits How To Report Rental Income and ExpensesSchedule E (Form 1040) Introduction This chapter discusses rental income and expenses. Taxes for college students It also covers the following topics. Taxes for college students Personal use of dwelling unit (including vacation home). Taxes for college students Depreciation. Taxes for college students Limits on rental losses. Taxes for college students How to report your rental income and expenses. Taxes for college students If you sell or otherwise dispose of your rental property, see Publication 544, Sales and Other Dispositions of Assets. Taxes for college students If you have a loss from damage to, or theft of, rental property, see Publication 547, Casualties, Disasters, and Thefts. Taxes for college students If you rent a condominium or a cooperative apartment, some special rules apply to you even though you receive the same tax treatment as other owners of rental property. Taxes for college students See Publication 527, Residential Rental Property, for more information. Taxes for college students Useful Items - You may want to see: Publication 527 Residential Rental Property 534 Depreciating Property Placed in Service Before 1987 535 Business Expenses 925 Passive Activity and At-Risk Rules 946 How To Depreciate Property Form (and Instructions) 4562 Depreciation and Amortization 6251 Alternative Minimum Tax—Individuals 8582 Passive Activity Loss Limitations Schedule E (Form 1040) Supplemental Income and Loss Rental Income In most cases, you must include in your gross income all amounts you receive as rent. Taxes for college students Rental income is any payment you receive for the use or occupation of property. Taxes for college students In addition to amounts you receive as normal rent payments, there are other amounts that may be rental income. Taxes for college students When to report. Taxes for college students   If you are a cash-basis taxpayer, you report rental income on your return for the year you actually or constructively receive it. Taxes for college students You are a cash-basis taxpayer if you report income in the year you receive it, regardless of when it was earned. Taxes for college students You constructively receive income when it is made available to you, for example, by being credited to your bank account. Taxes for college students   For more information about when you constructively receive income, see Accounting Methods in chapter 1. Taxes for college students Advance rent. Taxes for college students   Advance rent is any amount you receive before the period that it covers. Taxes for college students Include advance rent in your rental income in the year you receive it regardless of the period covered or the method of accounting you use. Taxes for college students Example. Taxes for college students You sign a 10-year lease to rent your property. Taxes for college students In the first year, you receive $5,000 for the first year's rent and $5,000 as rent for the last year of the lease. Taxes for college students You must include $10,000 in your income in the first year. Taxes for college students Canceling a lease. Taxes for college students   If your tenant pays you to cancel a lease, the amount you receive is rent. Taxes for college students Include the payment in your income in the year you receive it regardless of your method of accounting. Taxes for college students Expenses paid by tenant. Taxes for college students   If your tenant pays any of your expenses, the payments are rental income. Taxes for college students Because you must include this amount in income, you can deduct the expenses if they are deductible rental expenses. Taxes for college students See Rental Expenses , later, for more information. Taxes for college students Property or services. Taxes for college students   If you receive property or services, instead of money, as rent, include the fair market value of the property or services in your rental income. Taxes for college students   If the services are provided at an agreed upon or specified price, that price is the fair market value unless there is evidence to the contrary. Taxes for college students Security deposits. Taxes for college students   Do not include a security deposit in your income when you receive it if you plan to return it to your tenant at the end of the lease. Taxes for college students But if you keep part or all of the security deposit during any year because your tenant does not live up to the terms of the lease, include the amount you keep in your income in that year. Taxes for college students   If an amount called a security deposit is to be used as a final payment of rent, it is advance rent. Taxes for college students Include it in your income when you receive it. Taxes for college students Part interest. Taxes for college students   If you own a part interest in rental property, you must report your part of the rental income from the property. Taxes for college students Rental of property also used as your home. Taxes for college students   If you rent property that you also use as your home and you rent it less than 15 days during the tax year, do not include the rent you receive in your income and do not deduct rental expenses. Taxes for college students However, you can deduct on Schedule A (Form 1040) the interest, taxes, and casualty and theft losses that are allowed for nonrental property. Taxes for college students See Personal Use of Dwelling Unit (Including Vacation Home) , later. Taxes for college students Rental Expenses This part discusses expenses of renting property that you ordinarily can deduct from your rental income. Taxes for college students It includes information on the expenses you can deduct if you rent part of your property, or if you change your property to rental use. Taxes for college students Depreciation , which you can also deduct from your rental income, is discussed later. Taxes for college students Personal use of rental property. Taxes for college students   If you sometimes use your rental property for personal purposes, you must divide your expenses between rental and personal use. Taxes for college students Also, your rental expense deductions may be limited. Taxes for college students See Personal Use of Dwelling Unit (Including Vacation Home) , later. Taxes for college students Part interest. Taxes for college students   If you own a part interest in rental property, you can deduct expenses that you paid according to your percentage of ownership. Taxes for college students When to deduct. Taxes for college students   If you are a cash-basis taxpayer, you generally deduct your rental expenses in the year you pay them. Taxes for college students Depreciation. Taxes for college students   You can begin to depreciate rental property when it is ready and available for rent. Taxes for college students See Placed-in-Service under When Does Depreciation Begin and End in chapter 2 of Publication 527. Taxes for college students Pre-rental expenses. Taxes for college students   You can deduct your ordinary and necessary expenses for managing, conserving, or maintaining rental property from the time you make it available for rent. Taxes for college students Uncollected rent. Taxes for college students   If you are a cash-basis taxpayer, do not deduct uncollected rent. Taxes for college students Because you have not included it in your income, it is not deductible. Taxes for college students Vacant rental property. Taxes for college students   If you hold property for rental purposes, you may be able to deduct your ordinary and necessary expenses (including depreciation) for managing, conserving, or maintaining the property while the property is vacant. Taxes for college students However, you cannot deduct any loss of rental income for the period the property is vacant. Taxes for college students Vacant while listed for sale. Taxes for college students   If you sell property you held for rental purposes, you can deduct the ordinary and necessary expenses for managing, conserving, or maintaining the property until it is sold. Taxes for college students If the property is not held out and available for rent while listed for sale, the expenses are not deductible rental expenses. Taxes for college students Repairs and Improvements Generally, an expense for repairing or maintaining your rental property may be deducted if you are not required to capitalize the expense. Taxes for college students Improvements. Taxes for college students   You must capitalize any expense you pay to improve your rental property. Taxes for college students An expense is for an improvement if it results in a betterment to your property, restores your property, or adapts your property to a new or different use. Taxes for college students Betterments. Taxes for college students   Expenses that may result in a betterment to your property include expenses for fixing a pre-existing defect or condition, enlarging or expanding your property, or increasing the capacity, strength, or quality of your property. Taxes for college students Restoration. Taxes for college students   Expenses that may be for restoration include expenses for replacing a substantial structural part of your property, repairing damage to your property after you properly adjusted the basis of your property as a result of a casualty loss, or rebuilding your property to a like-new condition. Taxes for college students Adaptation. Taxes for college students   Expenses that may be for adaptation include expenses for altering your property to a use that is not consistent with the intended ordinary use of your property when you began renting the property. Taxes for college students Separate the costs of repairs and improvements, and keep accurate records. Taxes for college students You will need to know the cost of improvements when you sell or depreciate your property. Taxes for college students The expenses you capitalize for improving your property can generally be depreciated as if the improvement were separate property. Taxes for college students Other Expenses Other expenses you can deduct from your rental income include advertising, cleaning and maintenance, utilities, fire and liability insurance, taxes, interest, commissions for the collection of rent, ordinary and necessary travel and transportation, and other expenses, discussed next. Taxes for college students Insurance premiums paid in advance. Taxes for college students   If you pay an insurance premium for more than one year in advance, for each year of coverage you can deduct the part of the premium payment that will apply to that year. Taxes for college students You cannot deduct the total premium in the year you pay it. Taxes for college students Legal and other professional fees. Taxes for college students   You can deduct, as a rental expense, legal and other professional expenses, such as tax return preparation fees you paid to prepare Schedule E (Form 1040), Part I. Taxes for college students For example, on your 2013 Schedule E, you can deduct fees paid in 2013 to prepare your 2012 Schedule E, Part I. Taxes for college students You can also deduct, as a rental expense, any expense (other than federal taxes and penalties) you paid to resolve a tax underpayment related to your rental activities. Taxes for college students Local benefit taxes. Taxes for college students   In most cases, you cannot deduct charges for local benefits that increase the value of your property, such as charges for putting in streets, sidewalks, or water and sewer systems. Taxes for college students These charges are nondepreciable capital expenditures, and must be added to the basis of your property. Taxes for college students However, you can deduct local benefit taxes that are for maintaining, repairing, or paying interest charges for the benefits. Taxes for college students Local transportation expenses. Taxes for college students    You may be able to deduct your ordinary and necessary local transportation expenses if you incur them to collect rental income or to manage, conserve, or maintain your rental property. Taxes for college students However, transportation expenses incurred to travel between your home and a rental property generally constitute nondeductible commuting costs unless you use your home as your principal place of business. Taxes for college students See Publication 587, Business Use of Your Home, for information on determining if your home office qualifies as a principal place of business. Taxes for college students   Generally, if you use your personal car, pickup truck, or light van for rental activities, you can deduct the expenses using one of two methods: actual expenses or the standard mileage rate. Taxes for college students For 2013, the standard mileage rate for business use is 56. Taxes for college students 5 cents per mile. Taxes for college students For more information, see chapter 26. Taxes for college students    To deduct car expenses under either method, you must keep records that follow the rules in chapter 26. Taxes for college students In addition, you must complete Form 4562, Part V, and attach it to your tax return. Taxes for college students Rental of equipment. Taxes for college students   You can deduct the rent you pay for equipment that you use for rental purposes. Taxes for college students However, in some cases, lease contracts are actually purchase contracts. Taxes for college students If so, you cannot deduct these payments. Taxes for college students You can recover the cost of purchased equipment through depreciation. Taxes for college students Rental of property. Taxes for college students   You can deduct the rent you pay for property that you use for rental purposes. Taxes for college students If you buy a leasehold for rental purposes, you can deduct an equal part of the cost each year over the term of the lease. Taxes for college students Travel expenses. Taxes for college students   You can deduct the ordinary and necessary expenses of traveling away from home if the primary purpose of the trip is to collect rental income or to manage, conserve, or maintain your rental property. Taxes for college students You must properly allocate your expenses between rental and nonrental activities. Taxes for college students You cannot deduct the cost of traveling away from home if the primary purpose of the trip was to improve your property. Taxes for college students You recover the cost of improvements by taking depreciation. Taxes for college students For information on travel expenses, see chapter 26. Taxes for college students    To deduct travel expenses, you must keep records that follow the rules in chapter 26. Taxes for college students   See Rental Expenses in Publication 527 for more information. Taxes for college students Property Changed to Rental Use If you change your home or other property (or a part of it) to rental use at any time other than the beginning of your tax year, you must divide yearly expenses, such as taxes and insurance, between rental use and personal use. Taxes for college students You can deduct as rental expenses only the part of the expense that is for the part of the year the property was used or held for rental purposes. Taxes for college students You cannot deduct depreciation or insurance for the part of the year the property was held for personal use. Taxes for college students However, you can include the home mortgage interest, qualified mortgage insurance premiums, and real estate tax expenses for the part of the year the property was held for personal use as an itemized deduction on Schedule A (Form 1040). Taxes for college students Example. Taxes for college students Your tax year is the calendar year. Taxes for college students You moved from your home in May and started renting it out on June 1. Taxes for college students You can deduct as rental expenses seven-twelfths of your yearly expenses, such as taxes and insurance. Taxes for college students Starting with June, you can deduct as rental expenses the amounts you pay for items generally billed monthly, such as utilities. Taxes for college students Renting Part of Property If you rent part of your property, you must divide certain expenses between the part of the property used for rental purposes and the part of the property used for personal purposes, as though you actually had two separate pieces of property. Taxes for college students You can deduct the expenses related to the part of the property used for rental purposes, such as home mortgage interest, qualified mortgage insurance premiums, and real estate taxes, as rental expenses on Schedule E (Form 1040). Taxes for college students You can also deduct as rental expenses a portion of other expenses that normally are nondeductible personal expenses, such as expenses for electricity or painting the outside of your house. Taxes for college students There is no change in the types of expenses deductible for the personal-use part of your property. Taxes for college students Generally, these expenses may be deducted only if you itemize your deductions on Schedule A (Form 1040). Taxes for college students You cannot deduct any part of the cost of the first phone line even if your tenants have unlimited use of it. Taxes for college students You do not have to divide the expenses that belong only to the rental part of your property. Taxes for college students For example, if you paint a room that you rent, or if you pay premiums for liability insurance in connection with renting a room in your home, your entire cost is a rental expense. Taxes for college students If you install a second phone line strictly for your tenants' use, all of the cost of the second line is deductible as a rental expense. Taxes for college students You can deduct depreciation, discussed later, on the part of the house used for rental purposes as well as on the furniture and equipment you use for rental purposes. Taxes for college students How to divide expenses. Taxes for college students   If an expense is for both rental use and personal use, such as mortgage interest or heat for the entire house, you must divide the expense between the rental use and the personal use. Taxes for college students You can use any reasonable method for dividing the expense. Taxes for college students It may be reasonable to divide the cost of some items (for example, water) based on the number of people using them. Taxes for college students The two most common methods for dividing an expense are based on (1) the number of rooms in your home, and (2) the square footage of your home. Taxes for college students Not Rented for Profit If you do not rent your property to make a profit, you can deduct your rental expenses only up to the amount of your rental income. Taxes for college students You cannot deduct a loss or carry forward to the next year any rental expenses that are more than your rental income for the year. Taxes for college students For more information about the rules for an activity not engaged in for profit, see Not-for-Profit Activities in chapter 1 of Publication 535. Taxes for college students Where to report. Taxes for college students   Report your not-for-profit rental income on Form 1040, line 21. Taxes for college students For example, you can include your mortgage interest and any qualified mortgage insurance premiums (if you use the property as your main home or second home), real estate taxes, and casualty losses on the appropriate lines of Schedule A (Form 1040) if you itemize your deductions. Taxes for college students   If you itemize your deductions, claim your other rental expenses, subject to the rules explained in chapter 1 of Publication 535, as miscellaneous itemized deductions on Form 1040, Schedule A, line 23. Taxes for college students You can deduct these expenses only if they, together with certain other miscellaneous itemized deductions, total more than 2% of your adjusted gross income. Taxes for college students Personal Use of Dwelling Unit (Including Vacation Home) If you have any personal use of a dwelling unit (including a vacation home) that you rent, you must divide your expenses between rental use and personal use. Taxes for college students In general, your rental expenses will be no more than your total expenses multiplied by a fraction; the denominator of which is the total number of days the dwelling unit is used and the numerator of which is the total number of days actually rented at a fair rental price. Taxes for college students Only your rental expenses may be deducted on Schedule E (Form 1040). Taxes for college students Some of your personal expenses may be deductible if you itemize your deductions on Schedule A (Form 1040). Taxes for college students You must also determine if the dwelling unit is considered a home. Taxes for college students The amount of rental expenses that you can deduct may be limited if the dwelling unit is considered a home. Taxes for college students Whether a dwelling unit is considered a home depends on how many days during the year are considered to be days of personal use. Taxes for college students There is a special rule if you used the dwelling unit as a home and you rented it for less than 15 days during the year. Taxes for college students Dwelling unit. Taxes for college students   A dwelling unit includes a house, apartment, condominium, mobile home, boat, vacation home, or similar property. Taxes for college students It also includes all structures or other property belonging to the dwelling unit. Taxes for college students A dwelling unit has basic living accommodations, such as sleeping space, a toilet, and cooking facilities. Taxes for college students   A dwelling unit does not include property used solely as a hotel, motel, inn, or similar establishment. Taxes for college students Property is used solely as a hotel, motel, inn, or similar establishment if it is regularly available for occupancy by paying customers and is not used by an owner as a home during the year. Taxes for college students Example. Taxes for college students   You rent a room in your home that is always available for short-term occupancy by paying customers. Taxes for college students You do not use the room yourself, and you allow only paying customers to use the room. Taxes for college students The room is used solely as a hotel, motel, inn, or similar establishment and is not a dwelling unit. Taxes for college students Dividing Expenses If you use a dwelling unit for both rental and personal purposes, divide your expenses between the rental use and the personal use based on the number of days used for each purpose. Taxes for college students When dividing your expenses, follow these rules. Taxes for college students Any day that the unit is rented at a fair rental price is a day of rental use even if you used the unit for personal purposes that day. Taxes for college students This rule does not apply when determining whether you used the unit as a home. Taxes for college students Any day that the unit is available for rent but not actually rented is not a day of rental use. Taxes for college students Example. Taxes for college students Your beach cottage was available for rent from June 1 through August 31 (92 days). Taxes for college students During that time, except for the first week in August (7 days) when you were unable to find a renter, you rented the cottage at a fair rental price. Taxes for college students The person who rented the cottage for July allowed you to use it over the weekend (2 days) without any reduction in or refund of rent. Taxes for college students Your family also used the cottage during the last 2 weeks of May (14 days). Taxes for college students The cottage was not used at all before May 17 or after August 31. Taxes for college students You figure the part of the cottage expenses to treat as rental expenses as follows. Taxes for college students The cottage was used for rental a total of 85 days (92 − 7). Taxes for college students The days it was available for rent but not rented (7 days) are not days of rental use. Taxes for college students The July weekend (2 days) you used it is rental use because you received a fair rental price for the weekend. Taxes for college students You used the cottage for personal purposes for 14 days (the last 2 weeks in May). Taxes for college students The total use of the cottage was 99 days (14 days personal use + 85 days rental use). Taxes for college students Your rental expenses are 85/99 (86%) of the cottage expenses. Taxes for college students Note. Taxes for college students When determining whether you used the cottage as a home, the July weekend (2 days) you used it is considered personal use even though you received a fair rental price for the weekend. Taxes for college students Therefore, you had 16 days of personal use and 83 days of rental use for this purpose. Taxes for college students Because you used the cottage for personal purposes more than 14 days and more than 10% of the days of rental use (8 days), you used it as a home. Taxes for college students If you have a net loss, you may not be able to deduct all of the rental expenses. Taxes for college students See Dwelling Unit Used as a Home, next. Taxes for college students Dwelling Unit Used as a Home If you use a dwelling unit for both rental and personal purposes, the tax treatment of the rental expenses you figured earlier under Dividing Expenses and rental income depends on whether you are considered to be using the dwelling unit as a home. Taxes for college students You use a dwelling unit as a home during the tax year if you use it for personal purposes more than the greater of: 14 days, or 10% of the total days it is rented to others at a fair rental price. Taxes for college students See What is a day of personal use , later. Taxes for college students Fair rental price. Taxes for college students   A fair rental price for your property generally is the amount of rent that a person who is not related to you would be willing to pay. Taxes for college students The rent you charge is not a fair rental price if it is substantially less than the rents charged for other properties that are similar to your property in your area. Taxes for college students   If a dwelling unit is used for personal purposes on a day it is rented at a fair rental price, do not count that day as a day of rental use in applying (2) above. Taxes for college students Instead, count it as a day of personal use in applying both (1) and (2) above. Taxes for college students What is a day of personal use?   A day of personal use of a dwelling unit is any day that the unit is used by any of the following persons. Taxes for college students You or any other person who has an interest in the unit, unless you rent it to another owner as his or her main home under a shared equity financing agreement (defined later). Taxes for college students However, see Days used as a main home before or after renting , later. Taxes for college students A member of your family or a member of the family of any other person who owns an interest in the unit, unless the family member uses the dwelling unit as his or her main home and pays a fair rental price. Taxes for college students Family includes only your spouse, brothers and sisters, half-brothers and half-sisters, ancestors (parents, grandparents, etc. Taxes for college students ), and lineal descendants (children, grandchildren, etc. Taxes for college students ). Taxes for college students Anyone under an arrangement that lets you use some other dwelling unit. Taxes for college students Anyone at less than a fair rental price. Taxes for college students Main home. Taxes for college students   If the other person or member of the family in (1) or (2) above has more than one home, his or her main home is ordinarily the one he or she lived in most of the time. Taxes for college students Shared equity financing agreement. Taxes for college students   This is an agreement under which two or more persons acquire undivided interests for more than 50 years in an entire dwelling unit, including the land, and one or more of the co-owners is entitled to occupy the unit as his or her main home upon payment of rent to the other co-owner or owners. Taxes for college students Donation of use of property. Taxes for college students   You use a dwelling unit for personal purposes if: You donate the use of the unit to a charitable organization, The organization sells the use of the unit at a fund-raising event, and The “purchaser” uses the unit. Taxes for college students Examples. Taxes for college students   The following examples show how to determine days of personal use. Taxes for college students Example 1. Taxes for college students You and your neighbor are co-owners of a condominium at the beach. Taxes for college students Last year, you rented the unit to vacationers whenever possible. Taxes for college students The unit was not used as a main home by anyone. Taxes for college students Your neighbor used the unit for 2 weeks last year; you did not use it at all. Taxes for college students Because your neighbor has an interest in the unit, both of you are considered to have used the unit for personal purposes during those 2 weeks. Taxes for college students Example 2. Taxes for college students You and your neighbors are co-owners of a house under a shared equity financing agreement. Taxes for college students Your neighbors live in the house and pay you a fair rental price. Taxes for college students Even though your neighbors have an interest in the house, the days your neighbors live there are not counted as days of personal use by you. Taxes for college students This is because your neighbors rent the house as their main home under a shared equity financing agreement. Taxes for college students Example 3. Taxes for college students You own a rental property that you rent to your son. Taxes for college students Your son does not own any interest in this property. Taxes for college students He uses it as his main home and pays you a fair rental price. Taxes for college students Your son's use of the property is not personal use by you because your son is using it as his main home, he owns no interest in the property, and he is paying you a fair rental price. Taxes for college students Example 4. Taxes for college students You rent your beach house to Joshua. Taxes for college students Joshua rents his cabin in the mountains to you. Taxes for college students You each pay a fair rental price. Taxes for college students You are using your house for personal purposes on the days that Joshua uses it because your house is used by Joshua under an arrangement that allows you to use his house. Taxes for college students Days used for repairs and maintenance. Taxes for college students   Any day that you spend working substantially full time repairing and maintaining (not improving) your property is not counted as a day of personal use. Taxes for college students Do not count such a day as a day of personal use even if family members use the property for recreational purposes on the same day. Taxes for college students Days used as a main home before or after renting. Taxes for college students   For purposes of determining whether a dwelling unit was used as a home, you may not have to count days you used the property as your main home before or after renting it or offering it for rent as days of personal use. Taxes for college students Do not count them as days of personal use if: You rented or tried to rent the property for 12 or more consecutive months. Taxes for college students You rented or tried to rent the property for a period of less than 12 consecutive months and the period ended because you sold or exchanged the property. Taxes for college students However, this special rule does not apply when dividing expenses between rental and personal use. Taxes for college students Examples. Taxes for college students   The following examples show how to determine whether you used your rental property as a home. Taxes for college students Example 1. Taxes for college students You converted the basement of your home into an apartment with a bedroom, a bathroom, and a small kitchen. Taxes for college students You rented the basement apartment at a fair rental price to college students during the regular school year. Taxes for college students You rented to them on a 9-month lease (273 days). Taxes for college students You figured 10% of the total days rented to others at a fair rental price is 27 days. Taxes for college students During June (30 days), your brothers stayed with you and lived in the basement apartment rent free. Taxes for college students Your basement apartment was used as a home because you used it for personal purposes for 30 days. Taxes for college students Rent-free use by your brothers is considered personal use. Taxes for college students Your personal use (30 days) is more than the greater of 14 days or 10% of the total days it was rented (27 days). Taxes for college students Example 2. Taxes for college students You rented the guest bedroom in your home at a fair rental price during the local college's homecoming, commencement, and football weekends (a total of 27 days). Taxes for college students Your sister-in-law stayed in the room, rent free, for the last 3 weeks (21 days) in July. Taxes for college students You figured 10% of the total days rented to others at a fair rental price is 3 days. Taxes for college students The room was used as a home because you used it for personal purposes for 21 days. Taxes for college students That is more than the greater of 14 days or 10% of the 27 days it was rented (3 days). Taxes for college students Example 3. Taxes for college students You own a condominium apartment in a resort area. Taxes for college students You rented it at a fair rental price for a total of 170 days during the year. Taxes for college students For 12 of those days, the tenant was not able to use the apartment and allowed you to use it even though you did not refund any of the rent. Taxes for college students Your family actually used the apartment for 10 of those days. Taxes for college students Therefore, the apartment is treated as having been rented for 160 (170 − 10) days. Taxes for college students You figured 10% of the total days rented to others at a fair rental price is 16 days. Taxes for college students Your family also used the apartment for 7 other days during the year. Taxes for college students You used the apartment as a home because you used it for personal purposes for 17 days. Taxes for college students That is more than the greater of 14 days or 10% of the 160 days it was rented (16 days). Taxes for college students Minimal rental use. Taxes for college students   If you use the dwelling unit as a home and you rent it less than 15 days during the year, that period is not treated as rental activity. Taxes for college students See Used as a home but rented less than 15 days , later, for more information. Taxes for college students Limit on deductions. Taxes for college students   Renting a dwelling unit that is considered a home is not a passive activity. Taxes for college students Instead, if your rental expenses are more than your rental income, some or all of the excess expenses cannot be used to offset income from other sources. Taxes for college students The excess expenses that cannot be used to offset income from other sources are carried forward to the next year and treated as rental expenses for the same property. Taxes for college students Any expenses carried forward to the next year will be subject to any limits that apply for that year. Taxes for college students This limitation will apply to expenses carried forward to another year even if you do not use the property as your home for that subsequent year. Taxes for college students   To figure your deductible rental expenses for this year and any carryover to next year, use Worksheet 9-1. Taxes for college students Reporting Income and Deductions Property not used for personal purposes. Taxes for college students   If you do not use a dwelling unit for personal purposes, see How To Report Rental Income and Expenses , later, for how to report your rental income and expenses. Taxes for college students Property used for personal purposes. Taxes for college students   If you do use a dwelling unit for personal purposes, then how you report your rental income and expenses depends on whether you used the dwelling unit as a home. Taxes for college students Not used as a home. Taxes for college students   If you use a dwelling unit for personal purposes, but not as a home, report all the rental income in your income. Taxes for college students Since you used the dwelling unit for personal purposes, you must divide your expenses between the rental use and the personal use as described earlier in Dividing Expenses . Taxes for college students The expenses for personal use are not deductible as rental expenses. Taxes for college students   Your deductible rental expenses can be more than your gross rental income; however, see Limits on Rental Losses , later. Taxes for college students Used as a home but rented less than 15 days. Taxes for college students   If you use a dwelling unit as a home and you rent it less than 15 days during the year, its primary function is not considered to be rental and it should not be reported on Schedule E (Form 1040). Taxes for college students You are not required to report the rental income and rental expenses from this activity. Taxes for college students The expenses, including qualified mortgage interest, property taxes, and any qualified casualty loss will be reported as normally allowed on Schedule A (Form 1040). Taxes for college students See the Instructions for Schedule A (Form 1040) for more information on deducting these expenses. Taxes for college students Used as a home and rented 15 days or more. Taxes for college students   If you use a dwelling unit as a home and rent it 15 days or more during the year, include all your rental income in your income. Taxes for college students Since you used the dwelling unit for personal purposes, you must divide your expenses between the rental use and the personal use as described earlier in Dividing Expenses . Taxes for college students The expenses for personal use are not deductible as rental expenses. Taxes for college students   If you had a net profit from renting the dwelling unit for the year (that is, if your rental income is more than the total of your rental expenses, including depreciation), deduct all of your rental expenses. Taxes for college students You do not need to use Worksheet 9-1. Taxes for college students   However, if you had a net loss from renting the dwelling unit for the year, your deduction for certain rental expenses is limited. Taxes for college students To figure your deductible rental expenses and any carryover to next year, use Worksheet 9-1. Taxes for college students Depreciation You recover the cost of income-producing property through yearly tax deductions. Taxes for college students You do this by depreciating the property; that is, by deducting some of the cost each year on your tax return. Taxes for college students Three factors determine how much depreciation you can deduct each year: (1) your basis in the property, (2) the recovery period for the property, and (3) the depreciation method used. Taxes for college students You cannot simply deduct your mortgage or principal payments, or the cost of furniture, fixtures, and equipment, as an expense. Taxes for college students You can deduct depreciation only on the part of your property used for rental purposes. Taxes for college students Depreciation reduces your basis for figuring gain or loss on a later sale or exchange. Taxes for college students You may have to use Form 4562 to figure and report your depreciation. Taxes for college students See How To Report Rental Income and Expenses , later. Taxes for college students Alternative minimum tax (AMT). Taxes for college students    If you use accelerated depreciation, you may be subject to the AMT. Taxes for college students Accelerated depreciation allows you to deduct more depreciation earlier in the recovery period than you could deduct using a straight line method (same deduction each year). Taxes for college students Claiming the correct amount of depreciation. Taxes for college students   You should claim the correct amount of depreciation each tax year. Taxes for college students If you did not claim all the depreciation you were entitled to deduct, you must still reduce your basis in the property by the full amount of depreciation that you could have deducted. Taxes for college students   If you deducted an incorrect amount of depreciation for property in any year, you may be able to make a correction by filing Form 1040X, Amended U. Taxes for college students S Individual Income Tax Return. Taxes for college students If you are not allowed to make the correction on an amended return, you can change your accounting method to claim the correct amount of depreciation. Taxes for college students See Claiming the correct amount of depreciation in chapter 2 of Publication 527 for more information. Taxes for college students Changing your accounting method to deduct unclaimed depreciation. Taxes for college students   To change your accounting method, you generally must file Form 3115, Application for Change in Accounting Method, to get the consent of the IRS. Taxes for college students In some instances, that consent is automatic. Taxes for college students For more information, see chapter 1 of Publication 946. Taxes for college students Land. Taxes for college students   You cannot depreciate the cost of land because land generally does not wear out, become obsolete, or get used up. Taxes for college students The costs of clearing, grading, planting, and landscaping are usually all part of the cost of land and cannot be depreciated. Taxes for college students More information. Taxes for college students   See Publication 527 for more information about depreciating rental property and see Publication 946 for more information about depreciation. Taxes for college students Limits on Rental Losses If you have a loss from your rental real estate activity, two sets of rules may limit the amount of loss you can deduct. Taxes for college students You must consider these rules in the order shown below. Taxes for college students At-risk rules. Taxes for college students These rules are applied first if there is investment in your rental real estate activity for which you are not at risk. Taxes for college students This applies only if the real property was placed in service after 1986. Taxes for college students Passive activity limits. Taxes for college students Generally, rental real estate activities are considered passive activities and losses are not deductible unless you have income from other passive activities to offset them. Taxes for college students However, there are exceptions. Taxes for college students At-Risk Rules You may be subject to the at-risk rules if you have: A loss from an activity carried on as a trade or business or for the production of income, and Amounts invested in the activity for which you are not fully at risk. Taxes for college students Losses from holding real property (other than mineral property) placed in service before 1987 are not subject to the at-risk rules. Taxes for college students In most cases, any loss from an activity subject to the at-risk rules is allowed only to the extent of the total amount you have at risk in the activity at the end of the tax year. Taxes for college students You are considered at risk in an activity to the extent of cash and the adjusted basis of other property you contributed to the activity and certain amounts borrowed for use in the activity. Taxes for college students See Publication 925 for more information. Taxes for college students Passive Activity Limits In most cases, all rental real estate activities (except those of certain real estate professionals, discussed later) are passive activities. Taxes for college students For this purpose, a rental activity is an activity from which you receive income mainly for the use of tangible property, rather than for services. Taxes for college students Limits on passive activity deductions and credits. Taxes for college students    Deductions or losses from passive activities are limited. Taxes for college students You generally cannot offset income, other than passive income, with losses from passive activities. Taxes for college students Nor can you offset taxes on income, other than passive income, with credits resulting from passive activities. Taxes for college students Any excess loss or credit is carried forward to the next tax year. Taxes for college students   For a detailed discussion of these rules, see Publication 925. Taxes for college students    You may have to complete Form 8582 to figure the amount of any passive activity loss for the current tax year for all activities and the amount of the passive activity loss allowed on your tax return. Taxes for college students Real estate professionals. Taxes for college students   Rental activities in which you materially participated during the year are not passive activities if, for that year, you were a real estate professional. Taxes for college students For a detailed discussion of the requirements, see Publication 527. Taxes for college students For a detailed discussion of material participation, see Publication 925. Taxes for college students Exception for Personal Use of Dwelling Unit If you used the rental property as a home during the year, any income, deductions, gain, or loss allocable to such use shall not be taken into account for purposes of the passive activity loss limitation. Taxes for college students Instead, follow the rules explained in Personal Use of Dwelling Unit (Including Vacation Home), earlier. Taxes for college students Exception for Rental Real Estate Activities With Active Participation If you or your spouse actively participated in a passive rental real estate activity, you may be able to deduct up to $25,000 of loss from the activity from your nonpassive income. Taxes for college students This special allowance is an exception to the general rule disallowing losses in excess of income from passive activities. Taxes for college students Similarly, you may be able to offset credits from the activity against the tax on up to $25,000 of nonpassive income after taking into account any losses allowed under this exception. Taxes for college students Active participation. Taxes for college students   You actively participated in a rental real estate activity if you (and your spouse) owned at least 10% of the rental property and you made management decisions or arranged for others to provide services (such as repairs) in a significant and bona fide sense. Taxes for college students Management decisions that may count as active participation include approving new tenants, deciding on rental terms, approving expenditures, and similar decisions. Taxes for college students Maximum special allowance. Taxes for college students   The maximum special allowance is: $25,000 for single individuals and married individuals filing a joint return for the tax year, $12,500 for married individuals who file separate returns for the tax year and lived apart from their spouses at all times during the tax year, and $25,000 for a qualifying estate reduced by the special allowance for which the surviving spouse qualified. Taxes for college students   If your modified adjusted gross income (MAGI) is $100,000 or less ($50,000 or less if married filing separately), you can deduct your loss up to the amount specified above. Taxes for college students If your MAGI is more than $100,000 (more than $50,000 if married filing separately), your special allowance is limited to 50% of the difference between $150,000 ($75,000 if married filing separately) and your MAGI. Taxes for college students   Generally, if your MAGI is $150,000 or more ($75,000 or more if you are married filing separately), there is no special allowance. Taxes for college students More information. Taxes for college students   See Publication 925 for more information on the passive loss limits, including information on the treatment of unused disallowed passive losses and credits and the treatment of gains and losses realized on the disposition of a passive activity. Taxes for college students How To Report Rental Income and Expenses The basic form for reporting residential rental income and expenses is Schedule E (Form 1040). Taxes for college students However, do not use that schedule to report a not-for-profit activity. Taxes for college students See Not Rented for Profit, earlier. Taxes for college students Providing substantial services. Taxes for college students   If you provide substantial services that are primarily for your tenant's convenience, such as regular cleaning, changing linen, or maid service, report your rental income and expenses on Schedule C (Form 1040), Profit or Loss From Business, or Schedule C-EZ (Form 1040), Net Profit From Business (Sole Proprietorship). Taxes for college students Substantial services do not include the furnishing of heat and light, cleaning of public areas, trash collection, etc. Taxes for college students For information, see Publication 334, Tax Guide for Small Business. Taxes for college students You also may have to pay self-employment tax on your rental income using Schedule SE (Form 1040), Self-Employment Tax. Taxes for college students   Use Form 1065, U. Taxes for college students S. Taxes for college students Return of Partnership Income, if your rental activity is a partnership (including a partnership with your spouse unless it is a qualified joint venture). Taxes for college students Qualified joint venture. Taxes for college students   If you and your spouse each materially participate as the only members of a jointly owned and operated real estate business, and you file a joint return for the tax year, you can make a joint election to be treated as a qualified joint venture instead of a partnership. Taxes for college students This election, in most cases, will not increase the total tax owed on the joint return, but it does give each of you credit for social security earnings on which retirement benefits are based and for Medicare coverage if your rental income is subject to self-employment tax. Taxes for college students For more information, see Publication 527. Taxes for college students Form 1098, Mortgage Interest Statement. Taxes for college students    If you paid $600 or more of mortgage interest on your rental property to any one person, you should receive a Form 1098, or similar statement showing the interest you paid for the year. Taxes for college students If you and at least one other person (other than your spouse if you file a joint return) were liable for, and paid interest on the mortgage, and the other person received the Form 1098, report your share of the interest on Schedule E (Form 1040), line 13. Taxes for college students Attach a statement to your return showing the name and address of the other person. Taxes for college students In the left margin of Schedule E, next to line 13, enter “See attached. Taxes for college students ” Schedule E (Form 1040) If you rent buildings, rooms, or apartments, and provide basic services such as heat and light, trash collection, etc. Taxes for college students , you normally report your rental income and expenses on Schedule E, Part I. Taxes for college students List your total income, expenses, and depreciation for each rental property. Taxes for college students Be sure to enter the number of fair rental and personal use days on line 2. Taxes for college students If you have more than three rental or royalty properties, complete and attach as many Schedules E as are needed to list the properties. Taxes for college students Complete lines 1 and 2 for each property. Taxes for college students However, fill in lines 23a through 26 on only one Schedule E. Taxes for college students On Schedule E, page 1, line 18, enter the depreciation you are claiming for each property. Taxes for college students To find out if you need to attach Form 4562, see Form 4562, in chapter 3 of Publication 527. Taxes for college students If you have a loss from your rental real estate activity, you also may need to complete one or both of the following forms. Taxes for college students Form 6198, At-Risk Limitations. Taxes for college students See At-Risk Rules , earlier. Taxes for college students Also see Publication 925. Taxes for college students Form 8582, Passive Activity Loss Limitations. Taxes for college students See Passive Activity Limits , earlier. Taxes for college students Page 2 of Schedule E is used to report income or loss from partnerships, S corporations, estates, trusts, and real estate mortgage investment conduits. Taxes for college students If you need to use page 2 of Schedule E, be sure to use page 2 of the same Schedule E you used to enter your rental activity on page 1. Taxes for college students Also, include the amount from line 26 (Part I) in the “Total income or (loss)” on line 41 (Part V). Taxes for college students Worksheet 9-1. Taxes for college students Worksheet for Figuring Rental Deductions for a Dwelling Unit Used as a Home Use this worksheet only if you answer “yes” to all of the following questions. Taxes for college students Did you use the dwelling unit as a home this year? (See Dwelling Unit Used as a Home . Taxes for college students ) Did you rent the dwelling unit at a fair rental price 15 days or more this year? Is the total of your rental expenses and depreciation more than your rental income? PART I. Taxes for college students Rental Use Percentage A. Taxes for college students Total days available for rent at fair rental price A. Taxes for college students       B. Taxes for college students Total days available for rent (line A) but not rented B. Taxes for college students       C. Taxes for college students Total days of rental use. Taxes for college students Subtract line B from line A C. Taxes for college students       D. Taxes for college students Total days of personal use (including days rented at less than fair rental price) D. Taxes for college students       E. Taxes for college students Total days of rental and personal use. Taxes for college students Add lines C and D E. Taxes for college students       F. Taxes for college students Percentage of expenses allowed for rental. Taxes for college students Divide line C by line E     F. Taxes for college students   PART II. Taxes for college students Allowable Rental Expenses 1. Taxes for college students Enter rents received 1. Taxes for college students   2a. Taxes for college students Enter the rental portion of deductible home mortgage interest and qualified mortgage insurance premiums (see instructions) 2a. Taxes for college students       b. Taxes for college students Enter the rental portion of real estate taxes b. Taxes for college students       c. Taxes for college students Enter the rental portion of deductible casualty and theft losses (see instructions) c. Taxes for college students       d. Taxes for college students Enter direct rental expenses (see instructions) d. Taxes for college students       e. Taxes for college students Fully deductible rental expenses. Taxes for college students Add lines 2a–2d. Taxes for college students Enter here and  on the appropriate lines on Schedule E (see instructions) 2e. Taxes for college students   3. Taxes for college students Subtract line 2e from line 1. Taxes for college students If zero or less, enter -0- 3. Taxes for college students   4a. Taxes for college students Enter the rental portion of expenses directly related to operating or maintaining  the dwelling unit (such as repairs, insurance, and utilities) 4a. Taxes for college students       b. Taxes for college students Enter the rental portion of excess mortgage interest and qualified mortgage insurance premiums (see instructions) b. Taxes for college students       c. Taxes for college students Carryover of operating expenses from 2012 worksheet c. Taxes for college students       d. Taxes for college students Add lines 4a–4c d. Taxes for college students       e. Taxes for college students Allowable expenses. Taxes for college students Enter the smaller of line 3 or line 4d (see instructions) 4e. Taxes for college students   5. Taxes for college students Subtract line 4e from line 3. Taxes for college students If zero or less, enter -0- 5. Taxes for college students   6a. Taxes for college students Enter the rental portion of excess casualty and theft losses (see instructions) 6a. Taxes for college students       b. Taxes for college students Enter the rental portion of depreciation of the dwelling unit b. Taxes for college students       c. Taxes for college students Carryover of excess casualty losses and depreciation from 2012 worksheet c. Taxes for college students       d. Taxes for college students Add lines 6a–6c d. Taxes for college students       e. Taxes for college students Allowable excess casualty and theft losses and depreciation. Taxes for college students Enter the smaller of  line 5 or line 6d (see instructions) 6e. Taxes for college students   PART III. Taxes for college students Carryover of Unallowed Expenses to Next Year 7a. Taxes for college students Operating expenses to be carried over to next year. Taxes for college students Subtract line 4e from line 4d 7a. Taxes for college students   b. Taxes for college students Excess casualty and theft losses and depreciation to be carried over to next year. Taxes for college students  Subtract line 6e from line 6d b. Taxes for college students   Worksheet 9-1 Instructions. Taxes for college students Worksheet for Figuring Rental Deductions for a Dwelling Unit Used as a Home Caution. Taxes for college students Use the percentage determined in Part I, line F, to figure the rental portions to enter on lines 2a–2c, 4a–4b, and 6a–6b of  Part II. Taxes for college students Line 2a. Taxes for college students Figure the mortgage interest on the dwelling unit that you could deduct on Schedule A as if you had not rented the unit. Taxes for college students Do not include interest on a loan that did not benefit the dwelling unit. Taxes for college students For example, do not include interest on a home equity loan used to pay off credit cards or other personal loans, buy a car, or pay college tuition. Taxes for college students Include interest on a loan used to buy, build, or improve the dwelling unit, or to refinance such a loan. Taxes for college students Include the rental portion of this interest in the total you enter on line 2a of the worksheet. Taxes for college students   Figure the qualified mortgage insurance premiums on the dwelling unit that you could deduct on line 13 of Schedule A as if you had not rented the unit. Taxes for college students See the Schedule A instructions. Taxes for college students However, figure your adjusted gross income (Form 1040, line 38) without your rental income and expenses from the dwelling unit. Taxes for college students See Line 4b to deduct the part of the qualified mortgage insurance premiums not allowed because of the adjusted gross income limit. Taxes for college students Include the rental portion of the amount from Schedule A, line 13, in the total you enter on line 2a of the worksheet. Taxes for college students   Note. Taxes for college students Do not file this Schedule A or use it to figure the amount to deduct on line 13 of that schedule. Taxes for college students Instead, figure the personal portion on a separate Schedule A. Taxes for college students If you have deducted mortgage interest or qualified mortgage insurance premiums on the dwelling unit on other forms, such as Schedule C or F, remember to reduce your Schedule A deduction by that amount. Taxes for college students           Line 2c. Taxes for college students Figure the casualty and theft losses related to the dwelling unit that you could deduct on Schedule A as if you had not rented the dwelling unit. Taxes for college students To do this, complete Section A of Form 4684, Casualties and Thefts, treating the losses as personal losses. Taxes for college students If any of the loss is due to a federally declared disaster, see the Instructions for Form 4684. Taxes for college students On Form 4684, line 17, enter 10% of your adjusted gross income figured without your rental income and expenses from the dwelling unit. Taxes for college students Enter the rental portion of the result from Form 4684, line 18, on line 2c of this worksheet. Taxes for college students   Note. Taxes for college students Do not file this Form 4684 or use it to figure your personal losses on Schedule A. Taxes for college students Instead, figure the personal portion on a separate Form 4684. Taxes for college students           Line 2d. Taxes for college students Enter the total of your rental expenses that are directly related only to the rental activity. Taxes for college students These include interest on loans used for rental activities other than to buy, build, or improve the dwelling unit. Taxes for college students Also include rental agency fees, advertising, office supplies, and depreciation on office equipment used in your rental activity. Taxes for college students           Line 2e. Taxes for college students You can deduct the amounts on lines 2a, 2b, 2c, and 2d as rental expenses on Schedule E even if your rental expenses are more than your rental income. Taxes for college students Enter the amounts on lines 2a, 2b, 2c, and 2d on the appropriate lines of Schedule E. Taxes for college students           Line 4b. Taxes for college students On line 2a, you entered the rental portion of the mortgage interest and qualified mortgage insurance premiums you could deduct on Schedule A if you had not rented the dwelling unit. Taxes for college students If you had additional mortgage interest and qualified mortgage insurance premiums that would not be deductible on Schedule A because of limits imposed on them, enter on line 4b of this worksheet the rental portion of those excess amounts. Taxes for college students Do not include interest on a loan that did not benefit the dwelling unit (as explained in the line 2a instructions). Taxes for college students           Line 4e. Taxes for college students You can deduct the amounts on lines 4a, 4b, and 4c as rental expenses on Schedule E only to the extent they are not more than the amount on line 4e. Taxes for college students *           Line 6a. Taxes for college students To find the rental portion of excess casualty and theft losses, use the Form 4684 you prepared for line 2c of this worksheet. Taxes for college students   A. Taxes for college students Enter the amount from Form 4684, line 10       B. Taxes for college students Enter the rental portion of line A       C. Taxes for college students Enter the amount from line 2c of this worksheet       D. Taxes for college students Subtract line C from line B. Taxes for college students Enter the result here and on line 6a of this worksheet               Line 6e. Taxes for college students You can deduct the amounts on lines 6a, 6b, and 6c as rental expenses on Schedule E only to the extent they are not more than the amount on line 6e. Taxes for college students * *Allocating the limited deduction. Taxes for college students If you cannot deduct all of the amount on line 4d or 6d this year, you can allocate the allowable deduction in any way you wish among the expenses included on line 4d or 6d. Taxes for college students Enter the amount you allocate to each expense on the appropriate line of Schedule E, Part I. Taxes for college students Prev  Up  Next   Home   More Online Publications
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SOI Tax Stats - Migration Data

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There is a delay in the release of  the 2010–2011 state and county level migration data. During the review process, we identified some discrepancies in the data. The data are being corrected and will be released as soon as possible. We apologize for any inconvenience this delay causes to users of the information.


U.S. Population Migration Data

Migration data for the United States are based on year-to-year address changes reported on individual income tax returns filed with the IRS. They present migration patterns by State or by county for the entire United States and are available for inflows—the number of new residents who moved to a State or county and where they migrated from, and outflows—the number of residents leaving a State or county and where they went. The data are available for Filing Years 1991 through 2010 and include:

  • Number of returns filed, which approximates the number of households that migrated
  • Number of personal exemptions claimed, which approximates the number of individuals
  • Total adjusted gross income, starting with Filing Year 1995.

Important: The data used to produce migration data products come from individual income tax returns filed prior to late September of each calendar year and represent between 95 and 98 percent of total annual filings. However, since returns filed after September are not included, totals shown in migration data tables will not match analogous totals reported in other IRS statistical data products. For more information, see U.S. Population Migration Data: Strengths and Limitations

Migration Data Users Guides


Migration Data 2005–2010

Migration Data 1990–2004

Migration data for years 1990 to 2004 are available as single Zip files containing all State Excel files. Both migration inflow and outflow files are included for each state. The files are compressed using the WinZip utility and must be downloaded and extracted before viewing or loading into any application. A free WinZip utility is available, if needed.

County-to-County Migration Data

1990 to 1991  1991 to 1992  1992 to 1993  1993 to 1994  1994 to 1995  1995 to 1996  1996 to 1997  1997 to 1998  1998 to 1999  1999 to 2000  2000 to 2001  2001 to 2002  2002 to 2003  2003 to 2004

State-to-State Migration Data

1990 to 1991  1991 to 1992  1992 to 1993  1993 to 1994  1994 to 1995  1995 to 1996  1996 to 1997  1997 to 1998  1998 to 1999  1999 to 2000  2000 to 2001  2001 to 2002  2002 to 2003  2003 to 2004

Follow these steps to extract files for the entire year (all States) or for an individual State.

To extract an entire year (all States) using WinZip:

  1. Double click the Zip file to open the WinZip utility.
  2. Double click the folder.
  3. Click and drag either the Inflow and/or Outflow folder to your desktop.

OR

  1. Double click the Zip file to open the WinZip utility (NOTE: SecureZIP users should follow the following steps).
  2. Click the ‘Extract’ button. Ensure that the radio button, ‘All Files in Archive Selected’, is selected.
  3. Select a destination folder.
  4. Click the ‘Extract’ button.

To extract an individual State using WinZip:

  1. Double click the Zip file to open the WinZip utility.
  2. Double click the folder.
  3. Double click either the Inflow or Outflow folder.
  4. Click and drag the desired Excel file(s) to your desktop.

OR

  1. Double click the Zip file to open the WinZip utility (NOTE: SecureZIP users should follow the following steps).
  2. Highlight the desired Excel file(s).
  3. Click the ‘Extract’ button. Ensure that radio button, ‘Selected Files/Folder’, is selected.
  4. Select a destination folder.
  5. Click the ‘Extract’ button.


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Page Last Reviewed or Updated: 18-Dec-2013

The Taxes For College Students

Taxes for college students Publication 901 - Additional Material Table of Contents How To Get Tax HelpLow Income Taxpayer Clinics (LITCs). Taxes for college students How To Get Tax Help You can get help with unresolved tax issues, order free publications and forms, ask tax questions, and get information from the IRS in several ways. Taxes for college students By selecting the method that is best for you, you will have quick and easy access to tax help. Taxes for college students Free help with your tax return. Taxes for college students   Free help in preparing your return is available nationwide from IRS-certified volunteers. Taxes for college students The Volunteer Income Tax Assistance (VITA) program is designed to help low-moderate income, elderly, disabled, and limited English proficient taxpayers. Taxes for college students The Tax Counseling for the Elderly (TCE) program is designed to assist taxpayers age 60 and older with their tax returns. Taxes for college students Most VITA and TCE sites offer free electronic filing and all volunteers will let you know about credits and deductions you may be entitled to claim. Taxes for college students Some VITA and TCE sites provide taxpayers the opportunity to prepare their return with the assistance of an IRS-certified volunteer. Taxes for college students To find the nearest VITA or TCE site, visit IRS. Taxes for college students gov or call 1-800-906-9887 or 1-800-829-1040. Taxes for college students   As part of the TCE program, AARP offers the Tax-Aide counseling program. Taxes for college students To find the nearest AARP Tax-Aide site, visit AARP's website at www. Taxes for college students aarp. Taxes for college students org/money/taxaide or call 1-888-227-7669. Taxes for college students   For more information on these programs, go to IRS. Taxes for college students gov and enter “VITA” in the search box. Taxes for college students Internet. Taxes for college students You can access the IRS website at IRS. Taxes for college students gov 24 hours a day, 7 days a week to: E-file your return. Taxes for college students Find out about commercial tax preparation and e-file services available free to eligible taxpayers. Taxes for college students Check the status of your 2012 refund. Taxes for college students Go to IRS. Taxes for college students gov and click on Where’s My Refund. Taxes for college students Information about your return will generally be available within 24 hours after the IRS receives your e-filed return, or 4 weeks after you mail your paper return. Taxes for college students If you filed Form 8379 with your return, wait 14 weeks (11 weeks if you filed electronically). Taxes for college students Have your 2012 tax return handy so you can provide your social security number, your filing status, and the exact whole dollar amount of your refund. Taxes for college students Where's My Refund? has a new look this year! The tool will include a tracker that displays progress through three stages: (1) return received, (2) refund approved, and (3) refund sent. Taxes for college students Where's My Refund? will provide an actual personalized refund date as soon as the IRS processes your tax return and approves your refund. Taxes for college students So in a change from previous filing seasons, you won't get an estimated refund date right away. Taxes for college students Where's My Refund? includes information for the most recent return filed in the current year and does not include information about amended returns. Taxes for college students You can obtain a free transcript online at IRS. Taxes for college students gov by clicking on Order a Return or Account Transcript under “Tools. Taxes for college students ” For a transcript by phone, call 1-800-908-9946 and follow the prompts in the recorded message. Taxes for college students You will be prompted to provide your SSN or Individual Taxpayer Identification Number (ITIN), date of birth, street address and ZIP code. Taxes for college students Download forms, including talking tax forms, instructions, and publications. Taxes for college students Order IRS products. Taxes for college students Research your tax questions. Taxes for college students Search publications by topic or keyword. Taxes for college students Use the Internal Revenue Code, regulations, or other official guidance. Taxes for college students View Internal Revenue Bulletins (IRBs) published in the last few years. Taxes for college students Figure your withholding allowances using the IRS Withholding Calculator at www. Taxes for college students irs. Taxes for college students gov/individuals. Taxes for college students Determine if Form 6251 (Alternative Minimum Tax— Individuals), must be filed by using our Alternative Minimum Tax (AMT) Assistant available at IRS. Taxes for college students gov by typing Alternative Minimum Tax Assistant in the search box. Taxes for college students Sign up to receive local and national tax news by email. Taxes for college students Get information on starting and operating a small business. Taxes for college students Phone. Taxes for college students Many services are available by phone. Taxes for college students   Ordering forms, instructions, and publications. Taxes for college students Call 1-800-TAX-FORM (1-800-829-3676) to order current-year forms, instructions, and publications, and prior-year forms and instructions (limited to 5 years). Taxes for college students You should receive your order within 10 days. Taxes for college students Asking tax questions. Taxes for college students Call the IRS with your tax questions at 1-800-829-1040. Taxes for college students Solving problems. Taxes for college students You can get face-to-face help solving tax problems most business days in IRS Taxpayer Assistance Centers (TAC). Taxes for college students An employee can explain IRS letters, request adjustments to your account, or help you set up a payment plan. Taxes for college students Call your local Taxpayer Assistance Center for an appointment. Taxes for college students To find the number, go to www. Taxes for college students irs. Taxes for college students gov/localcontacts or look in the phone book under United States Government, Internal Revenue Service. Taxes for college students TTY/TDD equipment. Taxes for college students If you have access to TTY/TDD equipment, call 1-800-829-4059 to ask tax questions or to order forms and publications. Taxes for college students The TTY/TDD telephone number is for individuals who are deaf, hard of hearing, or have a speech disability. Taxes for college students These individuals can also access the IRS through relay services such as the Federal Relay Service at www. Taxes for college students gsa. Taxes for college students gov/fedrelay. Taxes for college students TeleTax topics. Taxes for college students Call 1-800-829-4477 to listen to pre-recorded messages covering various tax topics. Taxes for college students Checking the status of your 2012 refund. Taxes for college students To check the status of your 2012 refund, call 1-800-829-1954 or 1-800-829-4477 (automated Where's My Refund? information 24 hours a day, 7 days a week). Taxes for college students Information about your return will generally be available within 24 hours after the IRS receives your e-filed return, or 4 weeks after you mail your paper return. Taxes for college students If you filed Form 8379 with your return, wait 14 weeks (11 weeks if you filed electronically). Taxes for college students Have your 2012 tax return handy so you can provide your social security number, your filing status, and the exact whole dollar amount of your refund. Taxes for college students Where's My Refund? will provide an actual personalized refund date as soon as the IRS processes your tax return and approves your refund. Taxes for college students Where's My Refund? includes information for the most recent return filed in the current year and does not include information about amended returns. Taxes for college students Evaluating the quality of our telephone services. Taxes for college students To ensure IRS representatives give accurate, courteous, and professional answers, we use several methods to evaluate the quality of our telephone services. Taxes for college students One method is for a second IRS representative to listen in on or record random telephone calls. Taxes for college students Another is to ask some callers to complete a short survey at the end of the call. Taxes for college students Walk-in. Taxes for college students Some products and services are available on a walk-in basis. Taxes for college students   Products. Taxes for college students You can walk in to some post offices, libraries, and IRS offices to pick up certain forms, instructions, and publications. Taxes for college students Some IRS offices, libraries, and city and county government offices have a collection of products available to photocopy from reproducible proofs. Taxes for college students Also, some IRS offices and libraries have the Internal Revenue Code, regulations, Internal Revenue Bulletins, and Cumulative Bulletins available for research purposes. Taxes for college students Services. Taxes for college students You can walk in to your local TAC most business days for personal, face-to-face tax help. Taxes for college students An employee can explain IRS letters, request adjustments to your tax account, or help you set up a payment plan. Taxes for college students If you need to resolve a tax problem, have questions about how the tax law applies to your individual tax return, or you are more comfortable talking with someone in person, visit your local TAC where you can talk with an IRS representative face-to-face. Taxes for college students No appointment is necessary—just walk in. Taxes for college students Before visiting, check www. Taxes for college students irs. Taxes for college students gov/localcontacts for hours of operation and services provided. Taxes for college students If you have an ongoing, complex tax account problem or a special need, such as a disability, an appointment can be requested by calling your local TAC. Taxes for college students You can leave a message and a representative will call you back within 2 business days. Taxes for college students All other issues will be handled without an appointment. Taxes for college students To call your local TAC, go to  www. Taxes for college students irs. Taxes for college students gov/localcontacts or look in the phone book under United States Government, Internal Revenue Service. Taxes for college students Mail. Taxes for college students You can send your order for forms, instructions, and publications to the address below. Taxes for college students You should receive a response within 10 days after your request is received. Taxes for college students  Internal Revenue Service 1201 N. Taxes for college students Mitsubishi Motorway Bloomington, IL 61705-6613 Taxpayer Advocate Service. Taxes for college students   The Taxpayer Advocate Service (TAS) is your voice at the IRS. Taxes for college students Its job is to ensure that every taxpayer is treated fairly, and that you know and understand your rights. Taxes for college students TAS offers free help to guide you through the often-confusing process of resolving tax problems that you haven’t been able to solve on your own. Taxes for college students Remember, the worst thing you can do is nothing at all. Taxes for college students   TAS can help if you can’t resolve your problem with the IRS and: Your problem is causing financial difficulties for you, your family, or your business. Taxes for college students You face (or your business is facing) an immediate threat of adverse action. Taxes for college students You have tried repeatedly to contact the IRS but no one has responded, or the IRS has not responded to you by the date promised. Taxes for college students   If you qualify for help, they will do everything they can to get your problem resolved. Taxes for college students You will be assigned to one advocate who will be with you at every turn. Taxes for college students TAS has offices in every state, the District of Columbia, and Puerto Rico. Taxes for college students Although TAS is independent within the IRS, their advocates know how to work with the IRS to get your problems resolved. Taxes for college students And its services are always free. Taxes for college students   As a taxpayer, you have rights that the IRS must abide by in its dealings with you. Taxes for college students The TAS tax toolkit at www. Taxes for college students TaxpayerAdvocate. Taxes for college students irs. Taxes for college students gov can help you understand these rights. Taxes for college students   If you think TAS might be able to help you, call your local advocate, whose number is in your phone book and on our website at www. Taxes for college students irs. Taxes for college students gov/advocate. Taxes for college students You can also call the toll-free number at 1-877-777-4778. Taxes for college students Deaf and hard of hearing individuals who have access to TTY/TDD equipment can call 1-800-829-4059. Taxes for college students These individuals can also access the IRS through relay services such as the Federal Relay Service at www. Taxes for college students gsa. Taxes for college students gov/fedrelay. Taxes for college students   TAS also handles large-scale or systemic problems that affect many taxpayers. Taxes for college students If you know of one of these broad issues, please report it through the Systemic Advocacy Management System at www. Taxes for college students irs. Taxes for college students gov/advocate. Taxes for college students Low Income Taxpayer Clinics (LITCs). Taxes for college students   Low Income Taxpayer Clinics (LITCs) are independent from the IRS. Taxes for college students Some clinics serve individuals whose income is below a certain level and who need to resolve a tax problem. Taxes for college students These clinics provide professional representation before the IRS or in court on audits, appeals, tax collection disputes, and other issues for free or for a small fee. Taxes for college students Some clinics can provide information about taxpayer rights and responsibilities in many different languages for individuals who speak English as a second language. Taxes for college students For more information and to find a clinic near you, see the LITC page on www. Taxes for college students irs. Taxes for college students gov/advocate or IRS Publication 4134, Low Income Taxpayer Clinic List. Taxes for college students This publication is also available by calling 1-800-TAX-FORM (1-800-829-3676) or at your local IRS office. Taxes for college students Free tax services. Taxes for college students   Publication 910, IRS Guide to Free Tax Services, is your guide to IRS services and resources. Taxes for college students Learn about free tax information from the IRS, including publications, services, and education and assistance programs. Taxes for college students The publication also has an index of over 100 TeleTax topics (recorded tax information) you can listen to on the telephone. Taxes for college students The majority of the information and services listed in this publication are available to you free of charge. Taxes for college students If there is a fee associated with a resource or service, it is listed in the publication. Taxes for college students   Accessible versions of IRS published products are available on request in a variety of alternative formats for people with disabilities. Taxes for college students DVD for tax products. Taxes for college students You can order Publication 1796, IRS Tax Products DVD, and obtain: Current-year forms, instructions, and publications. Taxes for college students Prior-year forms, instructions, and publications. Taxes for college students Tax Map: an electronic research tool and finding aid. Taxes for college students Tax law frequently asked questions. Taxes for college students Tax Topics from the IRS telephone response system. Taxes for college students Internal Revenue Code—Title 26 of the U. Taxes for college students S. Taxes for college students Code. Taxes for college students Links to other Internet-based tax research materials. Taxes for college students Fill-in, print, and save features for most tax forms. Taxes for college students Internal Revenue Bulletins. Taxes for college students Toll-free and email technical support. Taxes for college students Two releases during the year. Taxes for college students  – The first release will ship the beginning of January 2013. Taxes for college students  – The final release will ship the beginning of March 2013. Taxes for college students Purchase the DVD from National Technical Information Service (NTIS) at www. Taxes for college students irs. Taxes for college students gov/cdorders for $30 (no handling fee) or call 1-877-233-6767 toll free to buy the DVD for $30 (plus a $6 handling fee). Taxes for college students Prev  Up  Next   Home   More Online Publications