P1 N
P2 N
P3 ~
P5 N
P6 N
P7 N
P8 N
P9 N
Z1 1
|
+ PBAS - PSET ^ PW003
+ PABS + PLEG + PSUR + PTIT + PTRN + PBAK + POTH ^ PW005  ' Worksheet
+ PW003 + PW005 + PCAP + PASS + POTI ^ PW009
+ PDEP + PEGR + PROW + POTD ^ PW014
+ PW014 < ^ PW014
+ PW009 - PW014 ^ PW015
+ PPRI - PEXS ^ P06		     ' LINE 6
+ P06 - PW015 ^ P08		     ' LINE 8
+ 1 ^ TP1                            ' TEST TO COMPLETE PART III & IV
+ P08 - 1 < ^ TP1
+ P1 - N = + P9 - Y = ^ TP1
+ 125 000.00 * TP1 ^ P14	     ' LINE 14
+ Z1 - 3 = + P14 / 2 ^ P14
+ P14 - P08 > + P08 ^ P14
+ P14 < ^ P14
+ P3 - ~ = ^ P14
+ P5 - N = ^ P14
+ P6 - N = ^ P14
+ P08 - P14 * TP1 ^ P15	             ' LINE 15
+ P15 = ^ TP1
+ P1 - N = + P8 - N = + P7 - N = + P15 ^ PD04G  ' SCH D LINE 4g
+ P1 - N = + P8 - N = + P7 - Y = + P15 ^ PD12G  ' SCH D LINE 12g
+ P1 - N = ^ TP1                     ' TEST TO COMPLETE PART IV
+ P14 + PEXP * TP1 ^ P17	     ' LINE 17
+ P06 - P17 * TP1 ^ P18	             ' LINE 18
+ P18 - PCST ^ P20		     ' LINE 20
+ P20 < ^ P20
+ P20 ^ P21			     ' LINE 21
+ P20 - P15 > + P15 * TP1 ^ P21
+ P15 - P21 * TP1 ^ P22	             ' LINE 22
+ PCST - P22 * TP1 ^ P23	     ' LINE 23
+ TP1 > + P8 - N = + P7 - N = + P21 ^ PD04G  ' SCH D LINE 4g
+ TP1 > + P8 - N = + P7 - Y = + P21 ^ PD12G  ' SCH D LINE 12g
+ P8 - Y = + P14 + P22 ^ L15         ' TRANS LINES 16 AND 24 TO 6252 LINE 15
+ P8 - Y = ^ D02
+ P8 - Y = ^ D10
|
S Did you own your home more than one year?....................................[
X P7 `Y`N
Q 'Y' = Yes, 'N' = No.
S ]
^ 
S Are you reporting this sale on the installment method?.......................[
X P8 `Y`N
Q 'Y' = Yes, 'N' = No.
S ]
^
S --------------------------------------------------------------------------------
^
S PART I - GAIN ON SALE~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
^
S ~1  Date your former main home was sold (month, day, year).......> ! 1 !
P __/__/__
^
S ~2  Have you bought or built a new main home?................................[
X P1 `Y`N
Q 'Y' = Yes, 'N' = No.
S ]
^
S ~3  Is any part of either main home rented out or used for business?.........[
X P2 `Y`N
Q 'Y' = Yes, 'N' = No.
S ]
^
S ~4  Selling price of home. Do not include personal property........! 4 !
C PPRI
c PPRI
^ 
S ~5  Expense of sale................................................! 5 !
C PEXS
c PEXS
^ 
S ~6  Subtract line 5 from 4.........................................! 6 !
T P06
^ 
S ~7  Adjusted basis of home sold....................................! 7 !
T PW015
t FP1 PW015 101 1 Transferred from line 13 of worksheet.
^
S ~8  Gain on sale. Subtract line 7 from 6...........................! 8 !
T P08
^
S ~~~! Is line 8 ! -Yes-> If line 2 is "Yes"` you must go to Part II or Part III`~
^
S ~~~! more than !~~~~~~~~whichever applies. If line 2 is "No"` go to line 9.~~~~~
^
S ~~~! zero?~~~~~! -No--> Stop and attach this form to your return.~~~~~~~~~~~~~~~
^
S ~9  If you haven't replaced your home` do you plan to do so~~~~~~~~~~~~~~~~~~~~~
^ 
S ~~~~~~within the replacement period?.........................................[
X P9 `Y`N
Q 'Y' = Yes, 'N' = No.
S ]
^
S ~~~~* If line 9 is "Yes", stop here, attach this form to your return.~~~~~~~~~~~
^
S ~~~~* If line 9 is "No", you must go to Part II or Part III, whichever applies~~
^
R -80
^ 
S PART II - ONE-TIME EXCLUSION OF GAIN FOR PEOPLE AGE 55 OR OLDER~~~~~~~~~~~~~~~~~
^
S ~~~~Do you elect to take the one-time exclusion?.............................[
X P6 `Y`N
Q 'Y' = Yes, 'N' = No.
S ]
^
S 10  Who was 55 or older on date of sale......................................[
X P3 `Y`S`B`~
Q 'Y' = You, 'S' = Spouse, 'B' = Both, ' ' = Blank.
S ]
^
S 11  Did the person who was 55 or older own and use the property as~~~~~~~~~~~~~~
^
S ~~~~his or her main home a total of at least 3 years of the 5-year~~~~~~~~~~~~~~
^
S ~~~~period before the sale? If "No", go to Part III now......................[
X P5 `Y`N
Q 'Y' = Yes, 'N' = No.
S ]
^
S 12  At the time of sale, who owned the home?.................................[
P ~
Q 'Y' = You, 'S' = Spouse, 'B' = Both.
S ]
^
S 13  Social security number of spouse at the time of sale if you !   !~~~~~~~~~~~
^
S ~~~~had a different spouse from the one above. If you were not  !   !~~~~~~~~~~~
^
S ~~~~married at the time of sale, enter "None"...................!13 !
P ___-__-____
^
S 14  Exclusion. Enter the smaller of line 8 or $125`000 (62`500 if  !   !~~~~~~~~
^
S ~~~~married filing a separate return)..............................!14 !
T P14
t FL1 L15   025 1 Transferred to Form 6252, line 15 if reporting sale on the installment method.
^
S --------------------------------------------------------------------------------
^
S PART III - ADJUSTED SALES PRICE` TAXABLE GAIN` AND ADJUSTED BASIS OF NEW HOME~~~
^
S 15  Subtract line 14 from 8........................................!15 !
T P15
t FD1 D4G   011 2 Transferred to Schedule D, line 4 if you answer 'N' on line 2, you did not
t FD1 D4G   011 2    report sale on the installment method, and you did not own your home more
t FD1 D4G   011 2    than one year.
t FD1 D2G   032 2 Transferred to Schedule D, line 12 if you answer 'N' on line 2, you did not
t FD1 D2G   032 2    report sale on the installment method, and you owned your home more than
t FD1 D2G   032 2    one year.
^
S ~~~~* If line 15 is zero` stop here.~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~!\\\!\\\\\\\\
^
S ~~~~* If line 15 is more than zero and line 2 is 'Y' go to line 16.!\\\!\\\\\\\\
^
S ~~~~* If you are reporting this sale on the installment method`~~~~!\\\!\\\\\\\\
^
S ~~~~~~stop here.~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~!\\\!\\\\\\\\
^
S ~~~~* All others` stop and enter the amount from line 15 on~~~~~~~~!\\\!\\\\\\\\
^
S ~~~~~~Schedule D` col. (g)` line 4 or 12.~~~~~~~~~~~~~~~~~~~~~~~~~~!\\\!\\\\\\\\
^
S 16  Fixing-up expenses.............................................!16 !
C PEXP
c PEXP
^
S 17  Add lines 14 and 16............................................!17 !
T P17
^
S 18  Adjusted sales price. Subtract line 17 from 6..................!18 !
T P18
^
S 19a Date you moved into new home >~
P __/__/__
S ~~b Cost of new home....!19b!
C PCST
c PCST
^ 
S 20  Subtract line 19b from 18. If zero or less` enter -0-..........!20 !
T P20
^
S 21  Taxable gain. Enter the smaller of line 15 or 20...............!21 !
T P21
t FD1 D4G   011 2 Transferred to Schedule D, line 4 if you did not own home more than one year.
t FD1 D2G   032 2 Transferred to Schedule D, line 12 if you owned your home more than one year.
^
S ~~~~* If line 21 is zero` go to line 22~~~~~~~~~~~~~~~~~~~~~~~~~~~~!\\\!\\\\\\\\
^
S ~~~~* If you are reporting this sale on the installment method`~~~~!\\\!\\\\\\\\
^
S ~~~~~~see the line 15 instructions and go to line 22.~~~~~~~~~~~~~~!\\\!\\\\\\\\
^
S ~~~~* All others` enter the amount from line 21 on Schedule D`~~~~~!\\\!\\\\\\\\
^
S ~~~~~~col.(g)` line 4 or 12, and go to line 22.~~~~~~~~~~~~~~~~~~~~!\\\!\\\\\\\\
^
S 22  Postponed gain. Subtract line 21 from 15.......................!22 !
T P22
t FL1 L15   025 1 Transferred to Form 6252, line 15 if reporting sale on the installment method.
^
S 23  Adjusted basis of new home. Subtract line 22 from 19b..........!23 !
T P23
^
F
^
S ADJUSTED BASIS OF HOME SOLD WORKSHEET - LINE 7~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
^
S --------------------------------------------------------------------------------
^
S CAUTION: If any of the Exceptions listed in the instructions for line 7 apply to
^
S you, do not use this worksheet. Instead, see Pub. 523.~~~~~~~~~~~~~~~~~~~~~~~~~~
^
S --------------------------------------------------------------------------------
^
S ~1.  Enter the purchase price of your old home. But if you filed~~~~~~~~~~~~~~~~
^
S ~~~~~Form 2119 when you originally acquired your old home to~~~~~~~~~~~~~~~~~~~~
^
S ~~~~~postpone gain on the sale of a previous home, enter the~~~~~~~~~~~~~~~~~~~~
^
S ~~~~~adjusted basis of the new home from that Form 2119............  1.~
C PBAS
c PBAS
^
S ~2.  Seller_paid points (for old home bought after 1990). See A~~~~~~~~~~~~~~~~~
^
S ~~~~~CHANGE TO NOTE on page 1......................................  2.~
C PSET
c PSET
^
S ~3.  Subtract line 2 from line 1...................................  3.~
T PW003
^
S ~4.  Settlement fees or closing costs. Do not include amounts~~~~~~~~~~~~~~~~~~~
^
S ~~~~~previously deducted as moving expenses. If line 1 includes~~~~~~~~~~~~~~~~~
^
S ~~~~~the adjusted basis of the new home from Form 2119, skip~~~~~~~~~~~~~~~~~~~~
^
S ~~~~~lines 4a-5 and go to line 6.~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
^
S ~~a. Abstract and recording fees....................... 4a.~
C PABS
c PABS
S ~~~~~~~~~~~~
^
S ~~b. Legal fees (including title search and~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
^
S ~~~~~preparing documents).............................. 4b.~
C PLEG
c PLEG
S ~~~~~~~~~~~~
^
S ~~c. Surveys........................................... 4c.~
C PSUR
c PSUR
S ~~~~~~~~~~~~
^
S ~~d. Title insurance................................... 4d.~
C PTIT
c PTIT
S ~~~~~~~~~~~~
^
S ~~e. Transfer or stamp taxes........................... 4e.~
C PTRN
c PTRN
S ~~~~~~~~~~~~
^
S ~~f. Amounts the seller owed that you agreed to pay,~~~~~~~~~~~~~~~~~~~~~~~~~~~~
^
S ~~~~~such as back taxes or interest, recording or~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
^
S ~~~~~mortgage fees, and sales commissions.............. 4f.~
C PBAK
c PBAK
S ~~~~~~~~~~~~
^
S ~~g. Other............................................. 4g.~
C POTH
c POTH
S ~~~~~~~~~~~~
^
S ~5.  Add lines 4a through 4g.......................................  5.~
T PW005
^
S ~6.  Cost of capital improvements.  Use the CAPITAL~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
^
S ~~~~~IMPROVEMENTS WORKSHEET on page 4. Do not include any~~~~~~~~~~~~~~~~~~~~~~~
^
S ~~~~~capital improvements included on line 1 above.................  6.~
C PCAP
c PCAP
^
S ~7.  Special tax assessments paid on your old home for local~~~~~~~~~~~~~~~~~~~~
^
S ~~~~~improvements such as streets and sidewalks....................  7.~
C PASS
c PASS
^
S ~8.  Other increases to basis......................................  8.~
C POTI
c POTI
^
S ~9.  Add lines 3, 5, 6, 7, and 8...................................  9.~
T PW009
^
S 10.  Depreciation, related to the business use or~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
^
S ~~~~~rental of your old home, claimed (or allowable)~~~~~~~~~~~~~~~~~~~~~~~~~~~~
^
S ~~~~~on prior year tax returns......................... 10.~
C PDEP
c PDEP
S ~~~~~~~~~~~~
^
S 11.  Residential energy credit (generally allowed from~~~~~~~~~~~~~~~~~~~~~~~~~~
^
S ~~~~~1977 through 1987) claimed for any capital~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
^
S ~~~~~improvements included on line 6 and, if applicable,~~~~~~~~~~~~~~~~~~~~~~~~
^
S ~~~~~line 1 above...................................... 11.~
C PEGR
c PEGR
S ~~~~~~~~~~~~
^
S 12.  Payments received for any easement or~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
^
S ~~~~~right-of-way granted.............................. 12.~
C PROW
c PROW
S ~~~~~~~~~~~~
^
S 13.  Other decreases to basis.......................... 13.~
C POTD
c POTD
S ~~~~~~~~~~~~
^
S 14.  Add lines 10 through 13....................................... 14.~
T PW014
^
S 15.  ADJUSTED BASIS OF HOME SOLD. Subtract line 14 from line 9.~~~~~~~~~~~~~~~~~
^
S ~~~~~Enter the result here and on Form 2119, line 7................ 15.~
T PW015
t FP1 PW015 010 1 Transferred to line 7.
^
|
