Publication 523 |
2008 Tax Year |
A
- Abandonment of home, Abandonment.
- Absence, temporary, Temporary absence.
- Abstract fees, Settlement fees or closing costs.
- Address, change of, Reminders
- Adjusted basis, Adjusted Basis, Adjusted Basis
- Adjusted basis:
-
- Definition of, Determining Basis
- Worksheet 1 to figure, Determining Basis, , ,
- Adoption:
-
- Adjusted basis of home for credit claimed, Decreases to basis.
- Advertising fees, Selling expenses.
- Amount realized, Amount Realized
- Appraisal fees, Settlement fees or closing costs.
- Architect's fees, Construction.
- Armed forces:
-
- Ownership and use tests, Members of the uniformed services or Foreign Service or employees of the intelligence community.
- Assistance (see Tax help)
C
- Casualties:
-
- Amounts spent after to restore damaged property, Increases to basis.
- Deductible casualty losses, Decreases to basis.
- Disaster as cause of, Specific event safe harbors.
- Insurance payments for casualty losses, Decreases to basis.
- Change of address, Reminders
- Closing costs, Settlement fees or closing costs.
- Comments on publication, Comments and suggestions.
- Commissions, Selling expenses., Settlement fees or closing costs.
- Community property:
-
- Basis determination, Community property.
- Condemnation:
-
- Gain exclusion, Home destroyed or condemned.
- Ownership and use test when previous home condemned, Previous home destroyed or condemned.
- Condominiums:
-
- As main home, Main Home
- Basis determination, Condominium.
- Construction costs, Construction.
- Construction costs:
-
- Built by you, Built by you.
- Cooperative apartments:
-
- As main home, Main Home
- Basis determination, Cooperative apartment.
- Ownership and use tests, Cooperative apartment.
- Cost as basis, Cost As Basis
- Credit reports:
-
- Cost of obtaining, Settlement fees or closing costs.
D
- Date of sale, Date of sale.
- Death:
-
- Sale due to, Specific event safe harbors.
- Spouse's death before sale, ownership and use tests, Death of spouse before sale.
- Decreases to basis, Decreases to basis.
- Depreciation:
-
- After May 6, 1997, Depreciation after May 6, 1997.
- Home used for business or rental purposes, Decreases to basis.
- Destroyed homes:
-
- Gain exclusion, Home destroyed or condemned.
- Ownership and use test when previous home destroyed, Previous home destroyed or condemned.
- Disabilities, individuals with:
-
- Ownership and use test, Exception for individuals with a disability.
- Disasters, Specific event safe harbors.
- District of Columbia:
-
- First-time homebuyer credit, Decreases to basis.
- Divorce:
-
- Home received from spouse, Home received from spouse.
- Home transferred to spouse, Transfer to spouse.
- Ownership and use tests, Home transferred from spouse.
- Sale due to, Specific event safe harbors.
- Transfers after July 18, 1984, Transfers after July 18, 1984.
- Transfers before July 19, 1984, Transfers before July 19, 1984.
- Use of home after divorce, Use of home after divorce.
- Doctor's recommendation for sale, Doctor's recommendation safe harbor.
E
- Easements, Decreases to basis.
- Employee of the intelligence community, Employee of the intelligence community.
- Employment:
-
- Change in place of employment, Reduced Maximum Exclusion, Change in Place of Employment, Exception.
- Payment by employer, when job transfer involved, Payment by employer.
- Energy:
-
- Conservation subsidies, Decreases to basis.
- Credit, Decreases to basis.
- Exclusion of gain, Excluding the Gain, More Than One Home Sold During 2-Year Period
- Exclusion of gain:
-
- Reduced maximum exclusion, Reduced Maximum Exclusion
- Expatriates, Expatriates.
F
- Fair market value, Fair market value.
- Federal mortgage subsidies:
-
- Recapture of, Recapturing (Paying Back) a Federal Mortgage Subsidy
- Figuring gain or loss, Figuring Gain or Loss, More information.
- Fire insurance premiums, Settlement fees or closing costs.
- First-time homebuyer credit, Decreases to basis.
- Foreclosure, Foreclosure or repossession.
- Foreign Service, Foreign Service member.
- Foreign Service:
-
- Ownership and use tests, Members of the uniformed services or Foreign Service or employees of the intelligence community.
- Form 1040, Schedule A:
-
- Real estate taxes, Real estate taxes.
- Form 1040, Schedule D:
-
- Reporting sale of home, Reporting the Sale
- Form 1040:
-
- Ordinary income, Ordinary income.
- Reporting sale of home, Reporting the Sale
- Seller-financed mortgages, Seller-financed mortgage.
- Form 1099-A:
-
- Acquisition or abandonment of secured property, Form 1099-A and Form 1099-C.
- Form 1099-C:
-
- Cancellation of debt, Form 1099-A and Form 1099-C.
- Form 1099-S:
-
- Proceeds from real estate transactions, Date of sale., Form 1099-S., Form 1099-S.
- Form 2119:
-
- Sale of home, Adjusted Basis
- Form 6252:
-
- Installment sale income, Installment sale.
- Form 8828:
-
- Recapture tax, How to figure and report the recapture.
- Free tax services, How To Get Tax Help
G
- Gain or loss:
-
- Basis determination, Determining Basis, Adjusted Basis
- Exclusion of gain, Excluding the Gain, More Than One Home Sold During 2-Year Period
- Gain on sale, Gain on sale.
- Loss on sale, Loss on sale.
- Postponed from sale of previous home before May 7, 1997, Decreases to basis.
- Worksheet 2 to figure, , , ,
- Gifts:
-
- Home received as, Home received as gift.
I
- Important reminders:
-
- Change of address, Reminders
- Home sold with undeducted points, Reminders
- Improvements:
-
- Adjusted basis determination, Improvements.
- Charges for, Settlement fees or closing costs.
- Receipts and other records, Adjusted Basis
- Useful life of more than 1 year, Increases to basis.
- Increases to basis, Increases to basis.
- Individual taxpayer identification numbers (ITINs), Individual taxpayer identification number (ITIN).
- Inheritance:
-
- Home received as, Home received as inheritance.
- Installment sales, Installment sale.
- Involuntary conversion, Specific event safe harbors.
- ITINs (Individual taxpayer identification numbers), Individual taxpayer identification number (ITIN).
L
- Land:
-
- Sale of land on which home located, Land.
- Sale of vacant land, Vacant land.
- Legal fees, Selling expenses., Settlement fees or closing costs., Construction.
- Legal separation:
-
- Sale due to, Specific event safe harbors.
- Like-kind exchange, Sale of home acquired in like-kind exchange.
- Living expenses, Reasonable basic living expenses.
- Loan assumption fees, Settlement fees or closing costs.
- Loan placement fees, Selling expenses.
- Loss (see Gain or loss)
M
- Main home:
-
- Defined, Main Home
- Factors used to determine, Factors used to determine main home.
- Property used partly as, Property used partly as your main home., Property Used Partly for Business or Rental
- Married taxpayers (see Joint returns)
- Maximum exclusion, Maximum Exclusion
- Maximum exclusion:
-
- Reduced, Reduced Maximum Exclusion
- Military (see Armed forces)
- Missing children, photographs of, Reminders
- Mobile homes:
-
- As main home, Main Home
- More information (see Tax help)
- More than one home, More than one home.
- More than one home:
-
- Sold during 2-year period, More Than One Home Sold During 2-Year Period
- Mortgage fees, Settlement fees or closing costs.
- Mortgage insurance premiums, Settlement fees or closing costs.
- Mortgage subsidies:
-
- Recapturing (paying back) federal mortgage subsidy, Recapturing (Paying Back) a Federal Mortgage Subsidy
- Mortgages, seller-financed, Seller-financed mortgage.
- Moving expense, Settlement fees or closing costs.
- Multiple births:
-
- Sale due to, Specific event safe harbors.
N
- Nonresident aliens:
-
- Spouse as, transfer of home to, Exception.
R
- Real estate taxes, Settlement fees or closing costs., Real estate taxes.
- Real estate taxes:
-
- Deducting in year of sale, Deducting Taxes in the Year of Sale
- Recapture of federal mortgage subsidy, Recapturing (Paying Back) a Federal Mortgage Subsidy
- Recording fees, Settlement fees or closing costs.
- Recordkeeping, Adjusted Basis
- Reduced maximum exclusion, Reduced Maximum Exclusion
- Reduced maximum exclusion:
-
- Worksheet 3, Reduced Maximum Exclusion,
- Refinancing, Settlement fees or closing costs.
- Relatives:
-
- Sale of home to, Exception for sales to related persons.
- Remainder interest:
-
- Sale of, Sale of remainder interest.
- Remodeling, Exception.
- Remodeling:, Improvements.
-
- (see also Improvements)
- Rental of home, Business Use or Rental of Home, Use test met for business part (no business use in year of sale).
- Rental of home:
-
- Before closing, by buyer, Settlement fees or closing costs.
- Partial use, Property Used Partly for Business or Rental
- Repairs, Repairs.
- Repairs:, Settlement fees or closing costs., Improvements.
-
- (see also Improvements)
- Reporting the sale, Reporting the Sale, Comprehensive Examples
- Repossession, Foreclosure or repossession.
- Right-of-ways, Decreases to basis.
S
- Safe harbors:
-
- Distance safe harbor, Distance safe harbor.
- Doctor's recommendation for sale, Doctor's recommendation safe harbor.
- Unforeseeable events, Specific event safe harbors.
- Sales commissions, Selling expenses., Settlement fees or closing costs.
- Sales to related persons, Exception for sales to related persons.
- Self-employed persons:
-
- Change in status causing inability to pay basic expenses, Specific event safe harbors.
- Seller-financed mortgages, Seller-financed mortgage.
- Seller-paid points, Seller-paid points.
- Selling expenses, Selling expenses.
- Selling price, Selling Price
- Separate returns, Separate returns.
- Settlement fees, Settlement fees or closing costs.
- Spouse
-
- Death of (see Surviving spouse)
- Divorce, transfers subsequent to (see Divorce)
- Suggestions for publication, Comments and suggestions.
- Survey fees, Settlement fees or closing costs.
- Surviving spouse:
-
- Basis determination, Surviving spouse.
- Ownership and use tests, Death of spouse before sale.
T
- Tax help, How To Get Tax Help
- Taxpayer Advocate, Contacting your Taxpayer Advocate.
- Temporary absence, Temporary absence.
- Temporary housing, Temporary housing.
- Title insurance, Settlement fees or closing costs.
- Title search fees, Settlement fees or closing costs.
- Trading homes, Trading homes., Home received as trade.
- Transfer taxes, Settlement fees or closing costs., Transfer taxes.
- Transfer to spouse, Transfer to spouse.
- Transfer to spouse:
-
- After July 18, 1984, Transfers after July 18, 1984.
- Before July 19, 1984, Transfers before July 19, 1984.
- TTY/TDD information, How To Get Tax Help
U
- Unemployment, Specific event safe harbors.
- Unforeseen circumstances, Reduced Maximum Exclusion, Unforeseen Circumstances, Exception.
- Uniformed services (see Armed forces)
- Use tests, Ownership and Use Tests, Ownership and use tests met at different times.
- Utilities:
-
- Charges for installing, Settlement fees or closing costs.
- Charges related to occupancy of house before closing, Settlement fees or closing costs.
- Energy conservation subsidy, Decreases to basis.
- Meter and connection charges for construction, Construction.
W
- Worksheets, Worksheets.
- Worksheets:
-
- Adjusted basis (Worksheet 1), Determining Basis, , ,
- Gain (or loss), exclusion, and taxable gain (Worksheet 2), , , ,
- Recordkeeping and, Adjusted Basis
- Reduced maximum exclusion (Worksheet 3), Reduced Maximum Exclusion,
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