A
Abandonment of home, Abandonment.
Abortion
Deductibility as medical expense,
Abroad, citizens traveling or working, Employees of foreign governments or international organizations. , Foreign Employer , Travel Outside the United States , Travel Primarily for Business
(see also Citizens outside U.S.)
(see also Foreign employment)
Absence, temporary, Temporary absences. , Temporary absences.
Academic period (see name of benefit)
Accelerated Cost Recovery System (ACRS)
Rental property
Alternative minimum tax, Alternative minimum tax.
Accelerated death benefits, Accelerated Death Benefits , Exclusion for terminal illness.
Accident insurance, Accident or Health Plan
Cafeteria plans, Cafeteria plans.
Long-term care, Long-term care coverage. , Long-Term Care Insurance Contracts
Accidental death benefits, Accidental death benefits.
Accidents, car, Deductible losses.
Value determination, Car value.
Willful negligence or intentional act as cause, Nondeductible losses.
Accountable plans for employee reimbursements, Accountable Plans , Related to employer.
Accountants
Basis to include fees of, Cost Basis
CPA review courses, Bar or CPA Review Course
Preparers of tax returns, Paid Preparer
Accounting methods, Accounting Methods
Accrual method (see Accrual method taxpayers)
Cash method (see Cash method taxpayers)
Change of
Depreciation, to deduct unclaimed amount, Changing your accounting method to deduct unclaimed depreciation.
Accounting periods, Accounting Periods
Calendar year, When Do I Have To File? , Accounting Periods , Accounting period.
Change in, standard deduction not allowed, Persons not eligible for the standard deduction.
Fiscal year, Accounting Periods , Fiscal year taxpayers. , Fiscal Years
Fringe benefits, Accounting period.
Accrual method taxpayers, Accrual method.
Taxes paid during tax year, deduction of, You must pay the tax during your tax year.
Accumulation distribution of trusts
Tax on, Other taxes.
Accuracy-related penalties, Accuracy-related penalty.
Acknowledgment, Acknowledgment.
ACRS (Accelerated Cost Recovery System)
Rental property
Alternative minimum tax, Alternative minimum tax.
Activities not for profit, Activity not for profit.
Address
Change of, Change of Address
Correcting label, Correcting the label.
Foreign, Foreign address.
Label, Peel-Off Address Label
No label received, No label.
P.O. box, P.O. box.
Service Centers, Mailing your return.
Adjusted basis, Adjusted Basis , Postponed gain from sale of home.
Decreases to basis, Decreases to Basis
Depreciation, Depreciation and section 179 deduction.
Easements, Easements.
Energy conservation subsidies exclusion, Exclusion of subsidies for energy conservation measures.
Gifts, Property Received as a Gift
Home sale (see Sale of home)
Improvements, Improvements.
Increases to basis, Increases to Basis
Local assessments, Assessments for local improvements.
Sales of property, Adjusted basis.
Section 179 deduction, Depreciation and section 179 deduction.
Adjusted gross income (AGI), Education- Related Adjustments
(see also Deductions)
Business expenses, limit on deduction, 3. Limit on total itemized deductions.
Charitable contribution deduction limit, 50% Limit , 30% Limit
Itemized deduction limit, What's New , Reminder
Medical and dental expenses and limit of deduction, How Much of the Expenses Can You Deduct? , What Tax Form Do You Use?
Retirement savings contribution credit, Special Rules
Adjustments, Adjustments and tax preference items.
Administrators, estate (see Executors and administrators)
Adopted child, Adopted child. , Adopted child. , Adopted child. , Taxpayer identification numbers for adoptees.
Earned income credit, Adopted child.
Adoption
ATIN, Adoption taxpayer identification number (ATIN). , Adoption taxpayer identification number (ATIN).
Child tax credit, Adopted child.
(see also Child tax credit)
Credit Employer's assistance program, Child with special needs.
Credits, Personal Expenses , Adoption Credit
Married filing separately, Special Rules
Taking, When to take the credit.
Employer assistance, Adoption Assistance
Employer's assistance program, What's New for 2007
Exception for adopted child, Exception for adopted child.
Exemption for child, Personal Expenses
Expenses not deductible
Foster care prior to, no charitable deduction, Foster parents.
No charitable deduction for, Personal Expenses
Foreign child, Foreign child.
Medical and dental expenses of adopted child, Adopted child.
Taxpayer identification number, Adoption taxpayer identification number (ATIN). , Taxpayer identification numbers for aliens.
Taxpayer identification numbers (TINs), Adoption taxpayer identification number (ATIN).
Advance earned income credit, Reminders , You can use Form 1040EZ if all of the following apply. , Advance Earned Income Credit
Filing requirements (Table 1-3), Which Form Should I Use?
Age
Children's investments (see Children,
subheading: Investment income of child under age 18
) (see Children,
subheading: Investment income of child under age 18
) (see Children,
subheading: Investment income of child under age 18
)
Form 1040EZ, taxpayer under 65 may use, You can use Form 1040EZ if all of the following apply.
Gross income and filing requirements (Table 1-1), Introduction
IRAs
Contribution cutoff at age 70½, Age 70½ rule.
Distribution prior to age 59½, Age 59½ rule.
Distribution required at age 70½, IRA owners. , Excess Accumulations (Insufficient Distributions)
Pension distributions required at age 70½, Age 70½.
Retirement plan recipients over age 75, Who must use the General Rule.
Roth IRAs, Is there an age limit for contributions? , Must you withdraw or use Roth IRA assets?
Standard deduction for age 65 or older, Higher Standard Deduction for Age (65 or Older)
Age test, Age Test
Agents, Losses on sales or trades of property.
(see also Fiduciaries)
Income paid to, Payment to an agent.
Signing return, When someone can sign for you.
AGI (see Adjusted gross income (AGI))
Agricultural workers (see Farmworkers)
Agriculture (see Farming)
Aircraft
Charitable gift of, deduction for fair market value, Cars, boats, and aircraft.
Airline club dues
Not entertainment expenses, Club dues and membership fees.
Airplanes, donations of, Cars, boats, and airplanes.
Airport transportation
Business-related travel expense, Travel Expenses
Alaska
Standard meal allowance, Standard meal allowance for areas outside the continental United States.
Alaska Permanent Fund dividends, Alaska Permanent Fund dividend.
Child's dividends, Child's Alaska Permanent Fund dividends.
Income from, You can use Form 1040EZ if all of the following apply. , You can use Form 1040A if all of the following apply. , Alaska Permanent Fund dividends.
Investment income not to include, Investment income.
Alaska Unemployment Compensation Fund, Contributions to state benefit funds.
Alcohol rehabilitation centers
Deductibility of medical expense,
Alcoholic beverages
IRA prohibited transactions in, Collectibles.
Aliens, Individual taxpayer identification number (ITIN) for aliens. , Not earned income.
Dual-status (see Dual-status taxpayers)
Filing required, Aliens
Nonresident (see Nonresident aliens)
Resident (see Resident aliens)
Alimony, Alimony. , Alimony , Deducting the recapture.
Death of recipient spouse, Liability for payments after death of recipient spouse.
Decrease in amount and recapture rule, Recapture Rule
Deduction, How To Deduct Alimony Paid
Difference from one year to another of more than $15,000, Recapture Rule
Definition of, Introduction
Form 1040 to be used
Deduction for amount paid, How To Deduct Alimony Paid
Income received, reporting of, How To Report Alimony Received
Recapture, Including the recapture in income. , Deducting the recapture.
Instruments executed after 1984, Instruments Executed After 1984
Instruments executed before 1985, Exception for instruments executed before 1985.
Joint return of spouses not allowed, Alimony requirements.
Jointly owned home, Payments for jointly-owned home.
Separate residences in, Spouses cannot be members of the same household.
Taxes and insurance premiums, Taxes and insurance.
Life insurance premiums, Life insurance premiums.
Mortgage payments, Mortgage payments.
Interest deduction, Divorced or separated individuals.
Payments designated as not alimony, Payments designated as not alimony.
Payments must be in cash, Cash payment requirement.
Payments not included as, Payments not alimony.
Payments to third party, Payments to a third party. , Other payments to a third party. , Payments to a third party.
Penalty for failure to provide social security number of recipient, How To Deduct Alimony Paid , How To Report Alimony Received
Recapture rule, Recapture Rule
Recipient reporting of, How To Report Alimony Received
Reporting of income, Alimony. , How To Report Alimony Received
Spouse defined for purposes of, Spouse or former spouse.
Spouses cannot be members of same household, Spouses cannot be members of the same household.
Substitute payments, Substitute payments.
Taxes and insurance paid on home owned as tenants in common, Taxes and insurance.
Termination of and recapture rule, Recapture Rule
Alternative filing methods
Electronic (see
E-file
)
Alternative minimum tax (AMT), Alternative Minimum Tax
Accelerated depreciation and, Alternative minimum tax.
Child's tax, figuring of, Alternative minimum tax.
Exempt-interest dividends, Alternative minimum tax treatment.
Filing requirements (Table 1-3), Which Form Should I Use?
Incentive stock option, You can use Form 1040A if all of the following apply.
Nonrefundable credit for prior year tax, Nonrefundable Credit for Prior Year Minimum Tax
Payments, You can use Form 1040A if all of the following apply.
Refundable credit for prior year tax, Refundable Credit for Prior Year Minimum Tax
Alternative motor vehicle credit, Alternative Motor Vehicle Credit
Amount of credit, Amount of credit.
How to take, How to take the credit. , How to take the credit.
Phaseout, Phaseout of credit.
Recapture, Recapture of credit.
Amateur sports organizations
Charitable contributions to, Types of Qualified Organizations
Ambulance service personnel
Life insurance proceeds when death in line of duty, Public Safety Officer Killed in the Line of Duty
Amended returns, Amended Returns and Claims for Refund , Form 1040X. , Filing Form 1040X.
(see also Form 1040X)
Itemized deduction, change to standard deduction, Changing your mind.
Standard deduction, change to itemized deductions, Changing your mind.
American citizens abroad, U.S. Citizens and Residents Living Outside the United States
(see also Citizens outside U.S.)
Employment (see Foreign employment)
American Indians (see Indians)
American Samoa
Income from, Individuals With Income From U.S. Possessions
Amortization
Bond premiums, treatment of, Amortization of bond premium.
AMT (see Alternative minimum tax (AMT))
Annuities, Rollovers
(see also Rollovers)
Cost computation, Cost (Investment in the Contract)
Credit for elderly or disabled persons, Credit for the elderly or the disabled.
Decedent's unrecovered investment in, Form W-2.
Early distributions from, Tax on Early Distributions
Deferred annuity contracts, 5% rate on certain early distributions from deferred annuity contracts. , Additional exceptions for nonqualified annuity contracts.
Estimated tax, Withholding and estimated tax.
Exclusion limit, Exclusion limit.
Form 1099-R, The 1099 Series
General Rule
Annuity starting before November 19, 1996, Annuity starting before November 19, 1996.
Nonqualified plans and qualified plans for recipients over 75 years, Who must use the General Rule.
Purchased annuities, Purchased annuities.
Survivor's annuity, Survivors
Guaranteed payments, Guaranteed payments.
IRAs as, Kinds of traditional IRAs.
Joint return, Joint return.
Loans from plan, Loans.
Lump-sum distributions, Lump-Sum Distributions
Multiple plan benefits, More than one program. , More than one annuity.
Partly taxable payments, Partly taxable payments.
Purchased annuities, Purchased annuities.
Reporting of, How To Report
Retirement annuities, Retirement Plans, Pensions, and Annuities
(see also Retirement plans)
Rollovers, Rollovers
Sale of, Sale of Annuity
Gain as ordinary income, Tax-free exchange.
Simplified method to calculate tax-free part of annuity payment, Simplified Method
Survivor's annuity, Survivors
Worksheet for computation, How to use the Simplified Method.
Survivor annuities, Survivors
Trade of insurance policies and annuities, Insurance policies and annuities.
Unrecovered investment, Unrecovered Investment in Annuity
Withholding, Form W-2. , Pensions and Annuities , Withholding and estimated tax.
Annulled marriages
Filing status, Annulled marriages.
Anthrax incidents (see Terrorist attacks)
Antiques (see Collectibles)
Appliances
Deterioration and damage, not casualty loss, Progressive deterioration.
Appraisal fees, Appraisal Fees
Donated property, Appraisal Fees
Not deductible as interest, Amounts charged for services.
Real estate transactions, when required by lender, Settlement costs.
Appraisals
Casualty or theft losses, Appraisal. , Costs of photographs and appraisals.
Archer MSAs, Medical savings accounts (MSAs).
Contributions, Archer MSA contributions.
Filing requirements (Table 1-3), Which Form Should I Use?
Medical expenses paid for decedent from, Decedent
Not deductible as medical expense,
Armed forces, Types of Qualified Organizations , Armed Forces reservists.
(see also Reservists)
(see also Veterans' organizations)
Combat zone
Extension to file return, Individuals Serving in Combat Zone
Signing return for spouse, Spouse in combat zone.
Dependency allotments, Armed Forces dependency allotments.
Disability pay, Disability.
Disability pensions, Military and Government Disability Pensions
GI Bill benefits, Tuition payments and allowances under the GI Bill.
Military, Military uniforms.
Military quarters allotments, Tax-exempt military quarters allowances.
Naval officers on permanent duty aboard ship, Members of the Armed Forces.
Permanent duty overseas, Members of the Armed Forces.
Real estate taxes when receiving housing allowance, Ministers' and military housing allowances. , Ministers' and military housing allowance.
Rehabilitative program payments, Veterans' benefits.
Reserves, Armed Forces reservists traveling more than 100 miles from home.
Retirees' pay
Taxable income, Military retirement pay.
Withholding, Military retirees.
Uniforms, Military uniforms.
Wages, Military
Art works
As capital assets, Capital Assets and Noncapital Assets , Gold, silver, stamps, coins, gems, etc.
Capital gains or losses from sale or trade of, Investment interest deducted.
Artists, performing (see Performing artists)
Assessments, local (see Local assessments)
Assistance (see Tax help)
Assistance, tax (see Tax help)
Assumption of mortgage, Assumption of mortgage.
Fees not included in basis, Settlement costs.
At-risk rules
Rental property, Limits on Rental Losses , At-Risk Rules
Athletic events
Charitable contributions, amount deductible, Athletic events.
ATIN (Adoption taxpayer identification number), Adoption taxpayer identification number (ATIN).
Attachment of wages, Garnisheed wages.
Attachments to return, Attachments
Attorneys
Bar review courses, Bar or CPA Review Course
Attorneys' fees, Legal Expenses , Personal Legal Expenses
Basis to include, Cost Basis
Social security and railroad retirement benefits, deductions for, Legal expenses.
Title to property, for preparation, filing, etc., Settlement costs.
Audits
Travel expense records, If your return is examined.
Auto insurance
Medical expenses covered by, not deductible,
Automatic extension of time to file, Automatic Extension , When to file.
Form 4868,
E-file options.
Automatic investment services
Holding period, determination of, Automatic investment service.
Automobiles (see Cars)
Awards (see Prizes and awards)
Away-from-home travel (see Travel and transportation expenses)
B
Babysitting, Babysitting.
Back pay, award for, Back pay awards.
Emotional distress damages under Title VII of Civil Rights Act of 1964, Court awards and damages.
Backup withholding, Backup Withholding , Backup withholding. , Backup withholding.
Dividend income, Backup withholding. , Reporting tax withheld.
Penalties, Penalties.
Bad check penalty, Payment not honored.
Bad debts
Bank deposit, loss due to bank's insolvency or bankruptcy, Nonbusiness bad debt.
Reporting on Schedule D (Form 1040), How to report.
Claim for refund, Exceptions for special types of refunds. , Filing a claim for refund.
Nonbusiness, Nonbusiness Bad Debts
Recovery, Recoveries
Reporting of, How to report bad debts.
Short-term capital loss, How to report bad debts.
Baggage
Business-related travel expense, Travel Expenses
Balance due, Refund or balance due.
Bankruptcy
Canceled debt not deemed to be income, Excluded debt.
Financial institution's bankruptcy causing deductible loss, Loss on Deposits
Reporting of, Loss on deposits.
Banks
Automatic investment service, determination of holding period, Automatic investment service.
IRAs with, When and How Can a Traditional IRA Be Set Up?
Losses on deposits, when casualty losses, Deposit in Insolvent or Bankrupt Financial Institution , Loss on Deposits
Reporting of, Loss on deposits.
Money market accounts, Money Market Funds
Bar associations
Charitable contributions to, Contributions to Nonqualified Organizations
Bar employees
Tips (see Tip income)
Bar review courses, Bar or CPA Review Course
Bargain sales
As charitable contributions, Bargain sales.
Basis of purchase, Bargain purchases.
Barter income, Bartering
Definition of bartering, Bartering
Form 1099-B, The 1099 Series , Form 1099-B from barter exchange.
Basis
Adjusted basis, Adjusted Basis
Allocation between business and personal use, Introduction
Bad debts, Basis in bad debt required.
Bargain purchases, Bargain purchases.
Bonds, Stocks and Bonds , Bond premium.
Cost basis, Useful Items - You may want to see:
IRAs for nondeductible contributions, Cost basis. , Partly taxable.
Definition of, Introduction
Gifts, Property Received as a Gift
Home sales (see Sale of home)
Improvements to real estate, Improvements.
Inheritance, Inherited Property
Involuntary conversion, Involuntary Conversions
Like-kind exchanges, Basis of property received.
Other than cost, Basis Other Than Cost , Tax-exempt obligations. , No gain or loss.
Points not to be included, Settlement costs. , Points.
Property received for services, Property Received for Services
Real estate, Real Property
Restricted property, Restricted property.
Stock or stock rights, Basis.
Tax-exempt obligations
Bonds, Tax-exempt obligations.
Transfers between spouses, Property Transferred From a Spouse , Transfers Between Spouses
Beetles
Damage or destruction to trees and plants, when casualty loss, Progressive deterioration.
Beneficiaries, Beneficiary of an estate or trust. , Rollover by surviving spouse. , Estate and trust income. , Losses.
(see also Estate beneficiaries)
(see also Trust beneficiaries)
Bequests, Estate and trust income. , Losses. , Gifts and inheritances. , Income from property received as a gift.
(see also Estate beneficiaries)
(see also Gifts)
(see also Inheritance)
Bingo, Contributions From Which You Benefit
Birth control pills,
Birth of child, Death or birth of child.
Head of household, qualifying person to file as, Death or birth. , Death or birth.
Social security number to be obtained, Born and died in 2007.
Birth of dependent, Death or birth.
Blackmail
Losses due to, Theft
Blind persons
Exemption from withholding, Age 65 or older or blind.
Guide dogs, deductible as medical expense,
Impairment-related work expenses, deduction for, Impairment-Related Work Expenses (Business or Medical)
Standard deduction for, Introduction , Higher Standard Deduction for Blindness
Blood banks
No charitable deduction for blood donations to, Value of Time or Services
Blue books to determine fair market value, Cars, boats, and aircraft.
Boarding houses, Dwelling unit.
Boats
Charitable gift of, deduction for fair market value, Cars, boats, and aircraft.
Donations of, Cars, boats, and airplanes.
Bona fide business purpose
Travel expenses, Bona fide business purpose.
Work-related education, Qualifying Work- Related Education
Bonds
Adjusted basis for, Stocks and Bonds
Amortization of premium, Amortization of bond premium. , Amortizable Premium on Taxable Bonds
As capital assets, Capital Assets and Noncapital Assets , Stocks, stock rights, and bonds.
Clean renewable energy bonds, Credit for Clean Renewable Energy Bonds or Gulf Tax Credit Bonds
Convertible bonds, Convertible stocks and bonds.
Discounted
Capital gain or loss, Discounted Debt Instruments
Gulf tax credit bonds, Credit for Clean Renewable Energy Bonds or Gulf Tax Credit Bonds
Issued at discount, Original Issue Discount (OID)
Market discount bonds, Market discount bonds.
Original issue discount, Original Issue Discount (OID)
Redemption of, Redemption or retirement of bonds.
Retirement of, Retirement bonds. , Redemption or retirement of bonds.
Sale of, Bonds Sold Between Interest Dates
Savings, U.S. Savings Bonds , Series HH bonds. , Series EE and series I bonds.
Sold at premium, computation of adjusted basis, Bond premium.
State or local government, tax-exempt, Tax-exempt state and local government bonds.
Tax-exempt, State or Local Government Obligations
Bonuses, Supplemental Wages , Bonuses and awards. , Employee awards or bonuses.
Bookkeeping (see Recordkeeping requirements)
Books to determine fair market value, Car value.
Borrowed funds, Loans. , Items You Cannot Deduct
(see also Loans)
Used for charitable contributions, deduction for, Borrowed funds.
Bottled water,
Boy Scouts
Charitable contributions to, Examples. ,
Breach of contract
Damages as income, Court awards and damages.
employment, Damages for Breach of Employment Contract
Bribes, Bribes. , List of Nondeductible Expenses
Brokers
Form 1099-B, The 1099 Series , Sales and Trades
IRAs with, When and How Can a Traditional IRA Be Set Up?
IRAs with:
Commissions, Brokers' commissions. , Brokers' commissions.
Receiving dividends, reporting on Form 1099-MISC, Form 1099-MISC.
Burglary
Losses due to, Theft
Burial expenses, List of Nondeductible Expenses (see Funerals)
Business associates, Meals and Incidental Expenses , Entertainment Expenses
(see also Entertainment expenses)
Business travel to meet, Transportation Expenses
Travel expenses of, paying for, Business associate.
Business expenses, Meals and Incidental Expenses , Entertainment Expenses
(see also Entertainment expenses)
Job search expenses, Job interview expenses.
Meal expenses (see Meal and lodging expenses)
Reimbursements, Expense allowances. , Allowances and reimbursements.
Returning excess for business expenses, Expense allowances. , Returning Excess Reimbursements
Travel (see Travel and transportation expenses)
Work-related education, What Expenses Can Be Deducted
Business organizations
Charitable contributions to, Contributions to Nonqualified Organizations
Business property
As gift, adjusted basis for, Business property.
Basis for depreciation, Basis for depreciation.
Property use changed to, adjusted basis for, Property Changed From Personal to Business or Rental Use
Sales or exchanges, Other property transactions.
Like-kind exchanges, Like-kind exchanges.
Business tax credits
Claim for refund, Exceptions for special types of refunds.
Business use of home, Home Office
C
Cafeteria plans, Cafeteria plans.
Calendar year taxpayers
Accounting periods, When Do I Have To File? , Accounting Periods , Accounting period.
Filing due date, When Do I Have To File?
California Nonoccupational Disability Benefit Fund, Contributions to state benefit funds.
Campaign contributions, Campaign contributions. , Contributions to Nonqualified Organizations
Presidential Election Campaign Fund, Presidential Election Campaign Fund
Campaign expenses, Campaign Expenses
Canada
Contributions to charitable organizations in, Certain foreign charitable organizations. , Contributions to Nonqualified Organizations
Resident of, Citizen or Resident Test , Child in Canada or Mexico.
Cancellation of Debt
Form 1099-C, The 1099 Series
Cancellation of debt, Canceled Debts
Exceptions to treatment as income, Exceptions
Candidates for public office
Contributions to, no charitable deduction for, Contributions to Nonqualified Organizations
Capital assets
Coal and iron ore, Coal and iron ore.
Definition of, Capital Assets and Noncapital Assets
Capital expenses, Capital expenses.
Capital gains or losses, Capital Gains and Losses , How to report and postpone gain. , Reporting Gains and Losses , Tax computation.
Bad debts as short-term capital loss, How to report bad debts.
Carryover of, Long-term gains and losses. , Capital loss carryover.
Worksheet, Figuring your carryover.
Character of gain, Capital Gains and Losses
Character of loss, Capital Gains and Losses
Child's distributions and dividends, reporting of, Child's capital gain distributions. , Capital gain distributions and qualified dividends.
Collectibles, Investment interest deducted.
Deductions, Capital Losses
Limit on, Limit on deduction.
Married filing separately, Special Rules
Distributions, Capital Gain Distributions
Form 1040 or 1040A to be used, You can use Form 1040A if all of the following apply. , How To Report Dividend Income , Capital gain distributions only.
Hobbies, sales from collections, Hobby losses.
Holding period, determination of, Holding Period
How to report, Reporting Capital Gains and Losses
Installment sales and, Installment sales.
Lump-sum distributions from pensions and annuities, Capital Gain Treatment
Mutual funds paying, Capital Gain Distributions
Net capital gain, Capital Gains and Losses , Long-term gains and losses. , Capital Gain Tax Rates
Included as investment income, Choosing to include net capital gain.
Net long-term capital loss, Long-term gains and losses.
Sale of personal items, Sale of personal items.
Sale or trade of property held more than 1 year, Long term or short term. , Long-term gains and losses.
Schedule D, Reporting Capital Gains and Losses
Section 1250 gains from sale of real property, Capital Gains and Losses , Unrecaptured section 1250 gain.
State or local government bonds, tax-exempt, Tax-exempt state and local government bonds.
Tax rates, Capital Gain Tax Rates
Total net gain, Total net gain or loss.
Total net loss, Total net gain or loss.
Undistributed gains, Long-term gains and losses.
Credit for tax on, Undistributed capital gains of mutual funds and REITs. , Credit for Tax on Undistributed Capital Gain
Car expenses, Car expenses.
Car pools, Car pools.
Carrybacks
Business tax credit carrybacks, Exceptions for special types of refunds.
Carryovers
Capital loss, Long-term gains and losses. , Capital loss carryover.
Worksheet, Figuring your carryover.
Charitable contributions, when deduction exceeds adjusted-gross-income limits, Carryovers
Investment interest, Limit on Deduction
Cars, Transportation , Transporting school children. , Car Expenses and Other Employee Business Expenses , Car Expenses
(see also Standard mileage rates)
(see also Travel and transportation)
Accidents resulting in casualty loss, Deductible losses.
Value determination, Car value.
Willful negligence or intentional act as cause, Nondeductible losses.
Actual expenses, Car Expenses , Actual Car Expenses
Advertising displays on, Advertising display on car.
Allowances from employers, Per Diem and Car Allowances
As capital assets, Capital Assets and Noncapital Assets
Blue book to determine fair market value, Cars, boats, and aircraft.
Books to determine fair market value, Car value.
Business and personal use, allocation between, Business and personal use. , Separating expenses.
Business-related travel expenses, Travel Expenses
Car pools, Car pools.
Charitable gift of, deduction for fair market value, Cars, boats, and aircraft.
Charitable organization service, use for, Car expenses.
Depreciation, Depreciation and section 179 deductions.
Donations of, Cars, boats, and airplanes.
Electric vehicles (see Electric cars)
Employer-provided, Employer-Provided Vehicles
Fixed and variable rate (FAVR), Fixed and variable rate (FAVR).
Form 2106 or 2106-EZ, how to fill out, Car expenses.
Hauling tools or instruments, Hauling tools or instruments.
Interest on loans, not deductible, Personal Interest
Leased vehicles, Leasing a car.
Medical transportation, Transportation , Car expenses.
Parking (see Parking fees)
Personal property taxes on, deduction of, Personal Property Taxes
Reporting of, How To Report
Table 26-3 showing forms to be used, Reimbursements
Sale, trade-in, or other disposition, Sale, Trade-In, or Other Disposition
Section 179 deductions, Depreciation and section 179 deductions.
Work-related education, transportation for, Using your car.
Cash
Dividends paid as, Introduction
Rebates, Cash rebates.
Sales of property for, Payment of cash.
Cash contributions, records to keep, Cash Contributions
Cash method taxpayers, Cash method.
Bad debts, Basis in bad debt required.
Points, deduction of, Deduction Allowed in Year Paid
Real estate transactions, tax allocation, Division of real estate taxes between buyers and sellers.
Taxes paid during tax year, deduction of, You must pay the tax during your tax year.
Worthless securities and negotiable promissory notes, Worthless securities.
Cash rebates, Cash rebates.
Casualties, Home destroyed or condemned.
Casualty insurance
Premiums not in property basis, Settlement costs.
Reimbursements from, Casualty insurance and other reimbursements.
Casualty losses, Nonbusiness Casualty and Theft Losses , Net operating loss (NOL). , Certain Casualty and Theft Losses , Certain Casualty and Theft Losses
Adjusted basis in property, Casualty and theft losses. , Involuntary Conversions , Adjusted Basis , Adjustments to basis.
Amount of loss, Figuring a Loss
Appraisals, Appraisal. , Costs of photographs and appraisals.
Bank deposit, loss due to bank's insolvency or bankruptcy, Casualty loss or ordinary loss.
Costs
Cleaning up or making repairs, Cost of cleaning up or making repairs.
Photographs and appraisals, Costs of photographs and appraisals.
Deductible losses, Deductible losses.
$100 rule, $100 Rule
When to take (Table 25-2), Nonbusiness Casualty and Theft Losses
Deduction limits, Deduction Limits
For personal property (Table 25-1), Figuring a Loss
Definition of casualty, Casualty
Disasters, Employer's emergency disaster fund. , Disaster relief.
(see also Disaster relief)
Employer's emergency disaster fund, Employer's emergency disaster fund.
Fair market value of property, Decrease in Fair Market Value
Form 4684 to be filed, Forms to file.
Insurance proceeds, treatment of, Insurance and Other Reimbursements
Net operating losses, Net operating loss (NOL).
Nondeductible losses, Deductible losses.
Proof of loss, Casualty loss proof.
Property used partly for business and partly for personal purposes, Property used partly for business and partly for personal purposes.
Reimbursement, Insurance and Other Reimbursements
Reporting of gain or loss, When To Report Gains and Losses , Losses. , How To Report Gains and Losses
Single casualty on multiple properties, Single Casualty on Multiple Properties
Cell phone, Depreciation on Computers or Cell Phones
Cemeteries
Charitable contributions to, Types of Qualified Organizations
Certificate, mortgage credit, Who qualifies.
Certificates of deposit (CDs), Certificates of deposit (CDs). , Individual Retirement Arrangements (IRAs)
(see also Individual retirement arrangements (IRAs))
Chambers of commerce
Charitable contributions to, Contributions to Nonqualified Organizations
Entertainment expenses for attending meetings, Trade association meetings.
Change of address, Change of Address
Change of name, Name change. , Name changed.
Chaplains
Life insurance proceeds when death in line of duty, Public Safety Officer Killed in the Line of Duty
Charitable contributions, Contributions , How To Report
$500 or more noncash contribution
Form 8283 to be used, How To Report
Bargain sales as, Bargain sales.
Benefit received as result of contribution, Contributions From Which You Benefit , Contributions From Which You Benefit
Capital gain property as donation, Capital gain property.
Limit on deduction, 50% Limit , 30% Limit , 20% Limit
Carryover of excess deduction, Carryovers
Deductions
30% limit of adjusted gross income, 30% Limit
50% limit of adjusted gross income, 50% Limit
Examples of (Table 24-1), Organizations That Qualify To Receive Deductible Contributions
Limits on, Contributions You Can Deduct , Limits on Deductions
Year to claim deduction, When To Deduct
Definition of, Introduction
Dwelling unit used as home, Donation of use of property.
Fair market value of property contributions, Contributions You Can Deduct , Determining Fair Market Value , Amount of deduction — general rule.
Recordkeeping requirements, Additional records.
Gifts to reduce public debt, Gift To Reduce Debt Held by the Public
Itemized deductions, limit on, Reminders
Large quantities of items, Large quantities.
Noncash contributions, recordkeeping requirements, Noncash Contributions
Nonqualified organizations, Contributions to Nonqualified Organizations
Not deductible, Contributions You Cannot Deduct
Ordinary income property as donation, Ordinary income property.
Property contributions, Contributions of Property
Decreased in value, Giving Property That Has Decreased in Value
Increased in value, Giving Property That Has Increased in Value
Publication 78, list of qualified organizations, Organizations That Qualify To Receive Deductible Contributions
Qualified organizations, Organizations That Qualify To Receive Deductible Contributions
Types of, Types of Qualified Organizations
Written statement from, Written statement.
Schedule A (Form 1040) to be used for deductions, How To Report
Time of making contribution, how to determine, Time of making contribution.
To individuals, not deductible, Contributions to Individuals
Token items given by recipients, Token items.
Charitable deduction for living expenses, Student living with you.
Charity benefit events
Deduction amount for charitable contributions, Charity benefit events.
Check-writing fees, Check-Writing Fees on Personal Account
Checklists
Medical and dental expense deductions (Table 21-1), Insurance Premiums
Checks
As charitable contributions, Checks.
Canceled checks as evidence of travel expenses, Canceled check.
Constructive receipt of, Check received or available.
Payment of tax, Check or money order.
Penalty if not honored, Payment not honored.
Child and dependent care credit, You can use Form 1040A if all of the following apply.
Due diligence, Due diligence.
Earned income, Earned income.
Full-time student, Full-time student.
Married filing separately, Special Rules
Payments to relatives, Payments to Relatives or Dependents
Child born alive, Child born alive.
Child care
Babysitting, Babysitting.
Care providers, Child care providers.
Credit (see Child and dependent care credit)
Expenses, Child care expenses.
Nursing care for healthy baby, not deductible as medical expense,
Child custody, Custodial parent and noncustodial parent.
Child support, Child support payments.
Alimony, difference from, Payments not alimony. , Alimony requirements. , Child support.
Child support under pre-1985 agreement, Child support under pre-1985 agreement.
Child tax credit, Who Should File , You can use Form 1040A if all of the following apply. , Child tax credit. , Child Tax Credit , Checking Your Withholding
Additional credit, Additional Child Tax Credit
Amount of credit, Amount of Credit
Claiming, procedure for, Claiming the Credit
Form 8812, completed, How to claim the additional child tax credit.
Limits, Special Rules , Limits on the Credit
Modified adjusted gross income, Modified AGI.
Married filing separately, Special Rules
Qualifying child, Qualifying Child
Withholding, checking amount, Checking Your Withholding
Child, qualifying, Qualifying Child
Childcare
Credit, Child and Dependent Care Credit
Provider
Taxpayer identification number, Provider Identification Test
Children, Adoption Assistance , Personal Expenses
(see also Adoption)
Additional credit on child tax credit, Additional Child Tax Credit
Adoption (see Adopted child)
Babysitters, Babysitting.
Birth of child
Head of household, qualifying person to file as, Death or birth. , Death or birth.
Social security number to be obtained, Born and died in 2007.
Care providers, Child care providers.
(see also Child care)
Child's tax, figuring of, Step 3. Figuring the Child's Tax (Form 8615, Part III)
