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Pub. 550, Investment Income and Expenses 2005 Tax Year

Index

A

Abusive tax shelters (see Tax shelters)
Accounting fees, Attorney or accounting fees.
Accrual method, Accrual method taxpayers., Accrual method., Holders must use accrual method., When To Deduct Investment Interest, Glossary
Accuracy-related penalty, Accuracy-related penalty.
Acquisition discount, Government obligations., Acquisition discount on short-term obligations.
Adjusted basis, Basis adjustment., Fair market value equal to or more than donor's adjusted basis., Adjusted Basis, Short sales.
Alaska Permanent Fund dividends, Alaska Permanent Fund dividends., Child's Alaska Permanent Fund dividends.
Amortization of bond premium, Bond Premium Amortization, Bonds acquired after October 22, 1986, but before 1988.
Annuities:
Borrowing on, Borrowing on insurance.
Interest on, Interest on annuity contract.
Life insurance proceeds used to buy, Annuity.
Sale of, Sale of Annuity
Single-premium, Single-premium life insurance, endowment, and annuity contracts.
Trade for, Trade of investment property for an annuity., Insurance Policies and Annuities
Applicable federal rate, Applicable federal rate.
Appreciated financial positions, Constructive Sales of Appreciated Financial Positions
Arbitrage bonds, Arbitrage bonds.
Assistance (see Tax help)
At-risk rules, At-risk rules., At-risk rules., Glossary
Attorneys' fees, Attorney or accounting fees.
Automatic investment service, Automatic investment service and dividend reinvestment plans., Automatic investment service., Automatic investment service.

B

Backup withholding, Backup withholding.
Bad debts, Nonbusiness bad debt. , Nonbusiness Bad Debts
Bankrupt financial institutions:
Deposit in, Deposit in Insolvent or Bankrupt Financial Institution
Bargain purchases, Bargain purchases.
Basis, Basis of Investment Property, U.S. Treasury Notes or Bonds, Glossary
Basis:
Adjusted, Basis adjustment., Fair market value equal to or more than donor's adjusted basis., Adjusted Basis, Short sales.
Cost, Cost Basis
Inherited property, Property Received as Inheritance
Investment property, Basis of Investment Property
Like-kind exchanges, Basis of property received.
Other than cost, Basis Other Than Cost
REITs, Shares in a mutual fund or REIT.
REMIC, residual interest, Basis in the residual interest.
Replacement stock, Basis of replacement stock.
Stocks and bonds, Basis adjustment., Basis., Basis., Stocks and Bonds
Bearer obligations, Bearer CDs., Bearer Obligations
Below-market loans, Below-Market Loans, Effective dates., Glossary
Bonds
U.S. savings (see U.S. savings bonds)
U.S. Treasury (see U.S. Treasury bills, notes, and bonds)
Bonds:
Accrued interest on, Accrued interest on bonds.
Amortization of premium, Bond Premium Amortization
Arbitrage, Arbitrage bonds.
Basis, Basis., Stocks and Bonds
Capital asset, Stocks, stock rights, and bonds.
Convertible, Convertible stocks and bonds.
Coupon, Coupon bonds.
Enterprise zone facility, Enterprise zone facility bonds.
Federally guaranteed, Federally guaranteed bonds.
Identification, Identifying stock or bonds sold.
Market discount, Market discount., Limit on interest deduction for market discount bonds., Market discount on bonds., Market discount bonds., Market discount bonds., Glossary
New York Liberty bonds, New York Liberty bonds.
Par value, Bonds purchased at par value.
Premiums on, Bond premium., Premiums on bonds., Glossary
Private activity, Arbitrage bonds., Glossary
Redemption or retirement of, Redemption or retirement of bonds.
Sold between interest dates, Bonds Sold Between Interest Dates
State and local government, Tax-exempt state and local government bonds.
Stripped, Stripped bonds or coupons., Stripped Bonds and Coupons, Stripped tax-exempt obligation.
Tax-exempt, Tax-exempt state and local government bonds.
Traded flat, Bonds traded flat.
Brokerage fees, Fees to buy or sell., Sale expenses.

C

Calls and puts, Calls and Puts, Glossary
Calls and puts:
Table 4-1, Table 4-1. Puts and Calls
Capital assets, Capital Assets and Noncapital Assets
Capital gain distributions, Capital Gain Distributions, Basis adjustment., Capital gain distributions., Child's capital gain distributions., Capital gain distributions received.
Capital gain tax computation, Comprehensive Example
Capital gains and losses, Capital Gains and Losses, Loss on stock that paid qualified dividends.
Capital gains and losses:
Constructive ownership transactions, Gains From Certain Constructive Ownership Transactions
Definition, Capital or Ordinary Gain or Loss
Empowerment zone assets, Rollover of Gain From Sale of Empowerment Zone Assets
Investment property, Investment property.
Long-term, Short-Term or Long-Term Capital Gain or Loss, Long-term gains and losses.
Long-term debt instruments, Long-term debt instruments issued after 1954 and before May 28, 1969 (or before July 2, 1982, if a government instrument).
Losses, limit on, Limit on deduction.
Passive activities, Passive activity gains and losses.
Qualified covered call options, Capital loss on qualified covered call options.
Qualified small business stock, Gains on Qualified Small Business Stock
Reporting requirements, How To Report Gains and Losses (Form 6781), How to report gain., Reporting Capital Gains and Losses
Rollover of gain from sale of securities, Rollover of Gain From Publicly Traded Securities
Short-term, Short-Term or Long-Term Capital Gain or Loss, Short-term gains and losses.
Tax rates, Capital Gain Tax Rates
Tax rates:
28% rate gain worksheet, completed sample,
Table 4-2,
Capital loss carryover, Capital loss carryover., Capital Losses, Capital loss carryover from 2004.
Capital loss carryover:
Worksheet 4-1,
Cash method, Cash method taxpayers., Cash method., When To Deduct Investment Interest, Glossary
Cash method:
Reporting options for savings bond interest, Reporting options for cash method taxpayers.
Cash-settled options, Cash-settled options.
Casualty losses, Ordinary loss or casualty loss.
CDOs (Collateralized debt obligations), Collateralized Debt Obligations (CDOs)
Certificates of deposit (CDs), Certificates of Deposit (CDs)
Children:
Alaska Permanent Fund dividends, Child's Alaska Permanent Fund dividends.
Capital gain distributions, Child's capital gain distributions.
Custodian account for, Custodian account for your child.
Gifts to, Income from property given to a child.
Investment income of, Tax on investment income of a child under age 14., Investment income of child reported on parent's return.
Qualified dividends, Child's qualified dividends.
Savings account with parent as trustee, Savings account with parent as trustee.
U.S. savings bond owner, Child as only owner.
Clerical help, Clerical help and office rent.
Co-owners of U.S. savings bonds, Co-owners.
Collateralized debt obligations (CDOs), Collateralized Debt Obligations (CDOs)
Comments on publication, Comments and suggestions.
Commodities traders, Glossary
Commodity futures, Commodity Futures, Commodity futures., Glossary
Community property:
U.S. savings bonds, Community property.
Constructive ownership transactions, Constructive ownership of stock., Gains From Certain Constructive Ownership Transactions
Constructive receipt, Constructive receipt.
Constructive sales, Constructive Sales of Appreciated Financial Positions
Contractors, insolvency of, Insolvency of contractor.
Conversion transactions, Conversion Transactions, Glossary
Convertible stocks and bonds, Convertible stocks and bonds.
Cooperatives, sales of stock to, Sales of Stock to ESOPs or Certain Cooperatives
Corporate distributions, Dividends and Other Corporate Distributions
Dividends (see Dividends)
Corporate distributions:
Capital gain, Capital gain distributions., Child's capital gain distributions., Capital gain distributions received.
Constructive, Constructive distributions.
Fractional shares, Fractional shares.
Liquidating, Liquidating Distributions, Liquidating distributions.
Nondividend, Nondividend Distributions, Nondividend distributions.
Return of capital, Basis adjustment.
Stock rights, Distributions of Stock and Stock Rights
Undistributed capital gains, Undistributed capital gains of mutual funds and REITs.
Corporate reorganizations, Corporate reorganizations.
Cost basis, Cost Basis
Coupon bonds, Coupon bonds.

D

Day traders, Special Rules for Traders in Securities
Dealer equity options, Dealer equity option.
Dealer securities futures contracts, Dealer securities futures contract.
Debt instruments, retirement of, Retirement of debt instrument.
Decedents, Appreciated property you gave the decedent., Decedent's capital loss.
Decedents:
U.S. savings bond interest, reporting of, Decedents.
Demand loans, Glossary
Demutualization, Demutualization of Life Insurance Companies
Deposits, loss on, Deposit in Insolvent or Bankrupt Financial Institution
Discount on debt instruments, Discount on Debt Instruments, Election To Report All Interest as OID
Market discount bonds (see Market discount bonds)
Original issue discount (see Original issue discount (OID))
Discount on debt instruments:
Certificates of deposit, Certificates of Deposit (CDs)
Election to report all interest as OID, Election To Report All Interest as OID
Face-amount certificates, Face-Amount Certificates
Gain or loss treatment, Discounted Debt Instruments
Inflation-indexed, Inflation-Indexed Debt Instruments
Short-term obligations, Discount on Short-Term Obligations, Short-term government obligations.
Stripped bonds and coupons, Stripped Bonds and Coupons
Discounted debt instruments, Discount on Debt Instruments
Discounted tax-exempt obligations, Discounted tax-exempt obligations.
Dividends, Dividends and Other Corporate Distributions, Liquidating distributions., Glossary
Dividends:, Form 1099-DIV.
(see also Form 1099-DIV)
Alaska Permanent Fund, Alaska Permanent Fund dividends., Child's Alaska Permanent Fund dividends.
Exempt-interest, Exempt-interest dividends., Exempt-interest dividends., Exempt-interest dividends on mutual fund stock.
Extraordinary, Extraordinary dividends.
Holding period, Holding period.
Insurance policies, Dividends on insurance policies.
Money market funds, Money Market Funds
Nominees, Nominees., Nominees.
Ordinary, Ordinary Dividends
Patronage, Patronage dividends.
Payments in lieu of, Payments in lieu of dividends.
Qualified, Qualified Dividends, Qualified dividends., Child's qualified dividends.
Qualified foreign corporation, Qualified foreign corporation.
Received in January, Dividends received in January.
Reinvestment plans, Dividends Used To Buy More Stock, Automatic investment service and dividend reinvestment plans., Dividend reinvestment plans.
Reporting requirements, Form 1099-DIV., How To Report Dividend Income, Liquidating distributions.
Restricted stock, Dividends received on restricted stock.
Sale or trade vs., Dividend versus sale or trade.
Scrip, Scrip dividends.
Sold stock, Dividends on stock sold.
Stock, Stock dividends., Stock dividends.
Underreported, Underreported interest and dividends.
Veterans' insurance, Interest on VA dividends., Dividends on veterans' insurance.
Divorce, Property Received From Your Spouse, Transfers Between Spouses

E

Education Savings Bond Program, Education Savings Bond Program
Education Savings Bond Program:
Interest excluded under, Interest excluded under the Education Savings Bond Program.
Recordkeeping requirements, Education Savings Bond Program
Employee stock ownership plans (ESOPs), sales of stock to, Sales of Stock to ESOPs or Certain Cooperatives
Employer identification numbers (EINs), Identifying number.
Empowerment zone, Rollover of Gain From Sale of Empowerment Zone Assets
Endowment contracts, Single-premium life insurance, endowment, and annuity contracts.
Enterprise zone facility bonds, Enterprise zone facility bonds.
Equity option, Equity option., Glossary
Estate income received by beneficiary, Beneficiary of an estate or trust.
Exempt-interest dividends on mutual fund stock, Exempt-interest dividends on mutual fund stock.
Expenses of producing income, Expenses of Producing Income

F

Face-amount certificates, Face-Amount Certificates
Fair market value, Fair market value., Fair market value less than donor's adjusted basis., Fair market value., Glossary
Federal guarantee on bonds, Federally guaranteed bonds.
Fees to buy or sell, Fees to buy or sell.
Financial asset securitization investment trusts (FASITs), FASITs
Foreign currency transactions, Foreign currency contract.
Foreign income, Reminders
Forgone interest, Glossary
Form 1040, Form 1040., Form 1040.
Form 1040, Schedule D, How to report bad debts., How to report., How to report gain., Capital gains and losses—Schedule D.
Form 1040, Schedule D:
Worksheet, completed sample,
Form 1040:
Schedule B, Schedule B.
Form 1040A, Form 1040A., Form 1040A.
Form 1040X, Filing a claim for refund.
Form 1041, Filing requirement.
Form 1065, Filing requirement.
Form 1065:
Schedule K-1, Schedule K-1.
Form 1066, Schedule Q, Schedule Q.
Form 1096, File Form 1099-INT with the IRS., File Form 1099-DIV with the IRS., File Form 1099-B or Form 1099-S with the IRS.
Form 1099-B, Form 1099-B., Form 1099-B transactions., File Form 1099-B or Form 1099-S with the IRS., Reconciliation of Forms 1099-B.
Form 1099-DIV, General Information, Form 1099-DIV., Form 1099-DIV., File Form 1099-DIV with the IRS.
Form 1099-INT, General Information, Form 1099-INT., Form 1099-INT for U.S. savings bond interest., Form 1099-INT., File Form 1099-INT with the IRS., Forms 1099-INT and 1099-OID., Forms 1099-INT and 1099-OID.
Form 1099-MISC, Form 1099-MISC., Reporting Substitute Payments
Form 1099-OID, Form 1099-OID., Form 1099-OID, Form 1099-OID., Forms 1099-INT and 1099-OID., Forms 1099-INT and 1099-OID.
Form 1099-S, Form 1099-S transactions., File Form 1099-B or Form 1099-S with the IRS.
Form 1120, Filing requirement.
Form 1120-A, Filing requirement.
Form 2439, Undistributed capital gains of mutual funds and REITs.
Form 3115, Change from method 2., Choosing To Amortize, How To Make the Mark-to-Market Election
Form 4684, Ordinary loss or casualty loss.
Form 4797, How to report., Losses on Section 1244 (Small Business) Stock, How to report.
Form 4952, Form 4952
Form 6198, At-risk rules.
Form 6781, Form 6781., How to report., How To Report Gains and Losses (Form 6781), Section 1256 contracts and straddles., Form 6781.
Form 8271, Tax Shelter Registration Number
Form 8275, Negligence or disregard of rules or regulations.
Form 8275-R, Negligence or disregard of rules or regulations.
Form 8582, Form 8582.
Form 8614, Tax on investment income of a child under age 14.
Form 8615, Tax on investment income of a child under age 14.
Form 8815, Form 8815., Figuring the interest part of the proceeds (Form 8815, line 6)., Interest excluded under the Education Savings Bond Program.
Form 8824, How to report.
Form 8832, Clubs formed before 1997.
Form 8886, Reportable Transaction Disclosure Statement, Negligence or disregard of rules or regulations.
Form SS-4, Identifying number.
Form W-8BEN, Nonresident aliens.
Form W-9, Certification.
Form:
1066 (Schedule Q), Investment expenses from pass-through entities.
3115, Change from method 2.
4952, Form 4952
Forward contracts, Glossary
Fractional shares, Fractional shares., Automatic investment service.
Free tax services, How To Get Tax Help
Frozen deposits, Interest income on frozen deposits., Frozen deposits.
Futures contracts:
Definition, Glossary
Regulated, Regulated futures contract., Glossary
Securities, Securities futures contract. , Securities futures contract to sell., Securities Futures Contracts
Futures, commodity, Commodity Futures, Commodity futures., Glossary
Futures, commodity:
Wash sales, Options and futures contracts.

G

Gains on qualified small business stock, Gains on Qualified Small Business Stock
Gains on sales or trades, How To Figure Gain or Loss, Gain on Sale or Trade of Depreciable Property
Gains on sales or trades:, Capital Gains and Losses
(see also Capital gains and losses)
Gifts, Income from property given to a child., Property Received as a Gift, Property received as a gift., Glossary
Glossary, Glossary
Government obligations, Government obligations.

H

Hedging transactions, Hedging exception., Hedging Transactions, Hedging transaction.
Help (see Tax help)
Holding period:
Investment property, Holding Period
Replacement stock, Holding period of replacement stock.
Straddles, Holding Period and Loss Treatment Rules

I

Income from sources outside U.S., Reminders
Income tax treaties (Table 1-3), Qualified Dividends
Indian tribal government, Indian tribal government.
Individual retirement arrangements (IRAs):
Interest income, Individual retirement arrangements (IRAs).
Inflation-indexed debt instruments, Inflation-Indexed Debt Instruments, Stripped inflation-indexed debt instruments.
Inherited property:
Basis, Property Received as Inheritance
Holding period, Inherited property.
Transfer by inheritance, Transfer by inheritance.
Insolvency of contractors, Insolvency of contractor.
Installment sales, Installment sales.
Insurance:
Borrowing on, Borrowing on insurance.
Dividends, interest on, Interest on insurance dividends., Dividends on insurance policies.
Interest option on, Interest option on insurance.
Life insurance companies, demutualization, Demutualization of Life Insurance Companies
Life, paid to beneficiary, Insurance
Prepaid premiums, Prepaid insurance premiums.
Single-premium life, Single-premium life insurance, endowment, and annuity contracts.
Trades, Insurance Policies and Annuities
Veterans' dividends, interest on, Interest on VA dividends., Dividends on veterans' insurance.
Interest expenses:
Allocation of, Allocation of Interest Expense
Investment interest, Investment Interest, Glossary
Investment interest:
Limit on, Limit on interest deduction for market discount bonds., Limit on Deduction
When to deduct, When To Deduct Investment Interest
Margin accounts, Interest on margin accounts.
Paid in advance, Interest paid in advance.
Straddles, Interest expense and carrying charges on straddles.
Unstated, Unstated interest.
Interest income, Interest Income, Taxable Interest — General
Interest income:
Annuity contracts, Interest on annuity contract.
Bonds traded flat, Bonds traded flat.
Certificates of deposits, Certificates of deposit and other deferred interest accounts.
Condemnation awards, Interest on condemnation award.
Deferred interest accounts, Certificates of deposit and other deferred interest accounts.
Dividends on deposit or share accounts, Dividends that are actually interest.
Frozen deposits, Interest income on frozen deposits., Frozen deposits.
Gift for opening account, Gift for opening account.
Individual retirement arrangements (IRAs), Individual retirement arrangements (IRAs).
Installment sale payments, Installment sale payments.
Insurance dividends, Interest on insurance dividends.
Money market funds, Money market funds.
Nominee distributions, Nominees.
Prepaid insurance premiums, Prepaid insurance premiums.
Reporting, When To Report Interest Income, Penalty on early withdrawal of savings.
Seller-financed mortgage, Form 1040A., Interest on seller-financed mortgage.
Tax refunds, Interest on tax refunds.
Tax-exempt, Tax-Exempt Interest, Reporting tax-exempt interest.
Taxable, Taxable Interest — General, Bonds traded flat., Taxation of interest., Taxable Interest
U.S. savings bonds, person responsible for tax (Table 1-2), Table 1-2. Who Pays the Tax on U.S. Savings Bond Interest
Underreported, Underreported interest and dividends.
Usurious interest, Usurious interest.
VA insurance dividends, Interest on VA dividends.
Investment clubs, Investment Clubs, Filing requirement.
Investment counsel and advice, Investment counsel and advice.
Investment expenses, Investment Expenses, Unpaid expenses owed to related party.
Investment expenses:
Allocated, Allocated investment expenses.
At-risk rules, At-risk rules.
Deductible, Expenses of Producing Income
Limits on deductions, Limits on Deductions
Nondeductible, Nondeductible Expenses
Pass-through entities, Investment expenses from pass-through entities.
Reporting requirements, How To Report Investment Expenses
Investment income, Investment Income
Investment income:
Children, Tax on investment income of a child under age 14., Investment income of child reported on parent's return.
General Information, General Information
Net income, Net Investment Income
Records to keep, General Information
Reporting of (Table 1-1),
Investment property, Investment property.
Investment property:
Basis, Basis of Investment Property
Definition, Investment property.
Gain or loss treatment, Investment property.
Gift, received as, Property Received as a Gift
Holding period, Holding Period
Liquidation, received in, Investment property received in liquidation.
Nontaxable trades, received in, Property Received in Nontaxable Trades
Sales and trades, Sales and Trades of Investment Property
Services, received for, Property Received for Services
Spouse, received from, Property Received From Your Spouse
Taxable trades, received in, Property Received in Taxable Trades

J

Joint accounts, Joint accounts.
Joint and separate returns, Joint return., Joint and separate returns.

L

Life insurance companies:
demutualization, Demutualization of Life Insurance Companies
Like-kind exchanges, Like-Kind Exchanges, Like-Kind Exchanges
Like-kind exchanges:
Basis of property received, Basis of property received.
Reporting requirements, How to report.
Limited partners, Glossary
Liquidating distributions, Liquidating Distributions, Investment property received in liquidation.
Listed options, Listed option., Glossary
Loans:
Below-market, Below-Market Loans, Effective dates., Glossary
Gift and demand, Gift and demand loans., Glossary
Guarantees, Loan guarantees.
Term, Term loans., Glossary
Local government obligations (see State or local government obligations)
Long-term capital gains and losses, Short-Term or Long-Term Capital Gain or Loss, Long-term gains and losses.
Long-term debt instruments, Long-term debt instruments issued after 1954 and before May 28, 1969 (or before July 2, 1982, if a government instrument).
Losses on sales or trades:, Capital Gains and Losses
(see also Capital gains and losses)
Amount calculation, How To Figure Gain or Loss
Carryback election, Loss carryback election., Loss carryback election.
Mutual fund or REIT stock held 6 months or less, Loss on mutual fund or REIT stock held 6 months or less.
Passive activities, Passive activity losses., Passive activity losses., Passive activity losses and credits., Losses from passive activities.
Related parties, Losses on Sales or Trades of Property
Section 1244 (small business) stock, Losses on Section 1244 (Small Business) Stock
Small business investment company stock, Losses on Small Business Investment Company Stock
Wash sales, Coordination of Loss Deferral Rules and Wash Sale Rules

M

Mark-to-market election, Mark-to-market election made.
Marked to market rules, Marked to Market Rules, Mark-to-market election made., Glossary
Market discount bonds, Market discount., Market Discount Bonds, Partial principal payments., Limit on interest deduction for market discount bonds., Market discount on bonds., Market discount bonds., Market discount bonds., Glossary
Accrued market discount, Accrued market discount.
Maximum rate of capital gains (Table 4-2),
Mechanics' and suppliers' liens, Mechanics' and suppliers' liens.
Meetings, expenses of attending, Stockholders' meetings.
Missing children, photographs of, Reminders
Mixed straddles, Mixed straddles., Mixed straddles.
Money market funds, Money Market Funds
Money market funds:
Interest income, Money market funds.
More information (see Tax help)
Mortgages:
Revenue bonds, Mortgage revenue bonds.
Secondary liability on home, Secondary liability on home mortgage.
Seller-financed, Interest on seller-financed mortgage.
Municipal bonds, Reporting tax-exempt interest., Tax-exempt state and local government bonds.
Municipal bonds:, State or Local Government Obligations
(see also State or local government obligations)
Mutual funds, Capital Gain Distributions, Other income (nonpassive income)., Choosing to include net capital gain., Including mutual fund or REMIC expenses in income., Shares in a mutual fund or REIT., Loss on mutual fund or REIT stock held 6 months or less.
Mutual funds:
publicly offered, Publicly-offered mutual funds.

N

New York Liberty bonds, New York Liberty bonds.
Nominee distributions:
Dividends, Nominees., Nominees.
Interest income, Nominees., Nominee distributions.
Original issue discount, Nominee.
Nominee, defined, Glossary
Nonbusiness bad debts, Nonbusiness bad debt. , Nonbusiness Bad Debts
Noncapital assets, Capital Assets and Noncapital Assets
Nondeductible investment expenses, Nondeductible Expenses
Nondividend distributions, Nondividend Distributions
Nonequity options, Nonequity option., Glossary
Nonqualified preferred stock, Nonqualified preferred stock.
Nonresident aliens:
Backup withholding, Nonresident aliens.
Nontaxable return of capital, Basis adjustment.
Nontaxable stock rights, Nontaxable stock rights.
Nontaxable trades, Nontaxable Trades, Nontaxable trades.
Notes
U.S. Treasury (see U.S. Treasury bills, notes, and bonds)
Notes:
Individuals, bought at discount, Notes of individuals.

O

Office expenses, Clerical help and office rent.
Options, Options, Table 4-1. Puts and Calls
Options dealer, Glossary
Options:
Calls and puts, Calls and Puts, Glossary
Cash settlement, Cash-settled options., Cash settlement option.
Dealer equity, Dealer equity option.
Deep-in-the-money, Qualified covered call options and optioned stock.
Equity, Equity option., Glossary
Gain or loss, Options, Qualified covered call options and optioned stock.
Holding period, Option exercised.
Listed, Listed option., Glossary
Nonequity, Nonequity option., Glossary
Qualified covered call, Qualified covered call options and optioned stock.
Reporting requirements, How to report.
Section 1256 contracts, Section 1256 Contracts Marked to Market, Section 1256 contract options.
Wash sales, Options and futures contracts.
Ordinary gains and losses, Capital or Ordinary Gain or Loss, Ordinary loss or casualty loss.
Original issue discount (OID), Original issue discount., Original Issue Discount (OID), Stripped tax-exempt obligations., Original issue discount (OID) on debt instruments., Glossary
Original issue discount (OID):
Adjustment to, Original issue discount (OID) adjustment.
Reporting requirements, Exceptions to reporting OID., Form 1099-OID
Rules, Applying the OID Rules

P

Pass-through entities:
Rollover of gain, Pass-through entity.
Passive activities, Glossary
Passive activities:
Gains and losses, Passive activity losses., Passive activity losses., Passive activity losses and credits., Losses from passive activities., Passive activity gains and losses.
Patronage dividends, Patronage dividends.
Penalties:
Accuracy-related, Accuracy-related penalty., Accuracy-related penalties.
Backup withholding, Penalties.
Civil fraud, Civil fraud penalty.
Early withdrawal, Interest subject to penalty for early withdrawal., Penalty on early withdrawal of savings.
Failure to pay tax, Failure to pay tax.
Failure to supply SSN, Penalty for failure to supply SSN.
Substantial understatement, Substantial understatement of tax.
Valuation misstatement, Valuation misstatement.
Political parties:
Debts owed by, Debts owed by political parties.
Portfolio income, Glossary
Preferred stock:
Nonqualified, Nonqualified preferred stock.
Redeemable at a premium, Preferred stock redeemable at a premium.
Stripped, Stripped Preferred Stock, Glossary
Premiums on bonds, Bond premium., Premiums on bonds., Glossary
Private activity bonds, Arbitrage bonds., Glossary
Public utility stock reinvestment, Public utilities.
Publications (see Tax help)
Puts and calls, Calls and Puts, Glossary
Puts and calls:
Table 4-1, Table 4-1. Puts and Calls

Q

Qualified dividends, Qualified dividends.
Qualified small business stock, Qualified small business stock., Qualified small business stock., Gains on Qualified Small Business Stock
Gains on, Gains on Qualified Small Business Stock

R

Real estate investment trusts (REITs), Undistributed capital gains of mutual funds and REITs., Shares in a mutual fund or REIT., Loss on mutual fund or REIT stock held 6 months or less.
Real estate mortgage investment conduits (REMICs), REMICs, Expenses., Including mutual fund or REMIC expenses in income., Glossary
Real estate mortgage investment conduits (REMICs):
Regular interest, Regular Interest
Residual interest, Residual Interest, Residual interests in a REMIC.
Recordkeeping, Losses on Section 1244 (Small Business) Stock
Recordkeeping requirements:
Education Savings Bond Program, Education Savings Bond Program
Investment income, General Information
Small business stock, Losses on Section 1244 (Small Business) Stock
Redemption of stock, Redemption of stock.
Redemption or retirement of bonds, Redemption or retirement of bonds.
Regulated futures contract, Regulated futures contract., Glossary
REITs (see Real estate investment trusts (REITs))
Related party transactions, Unpaid expenses owed to related party., Related Party Transactions, Property received from a related party.
Related persons, Related persons.
REMICs (see Real estate mortgage investment conduits (REMICs))
Reorganizations, corporate, Corporate reorganizations.
Reporting requirements:
Bad debts, How to report bad debts.
Bond premium amortization, How To Report Amortization
Capital gains and losses, How To Report Gains and Losses (Form 6781), How to report gain., Reporting Capital Gains and Losses
Dividend income, How To Report Dividend Income
Exempt-interest dividends, Information-reporting requirement.
Interest on U.S. savings bonds, Reporting options for cash method taxpayers., Choice to report interest each year.
Investment expenses, How To Report Investment Expenses
Like-kind exchanges, How to report.
Options, How to report.
Original issue discount, Form 1099-OID
S corporation income, deductions, and credits, Reporting S corporation income, deductions, and credits.
Section 1256 contracts, How To Report
State or local government obligations, Information reporting requirement.
Straddles, Section 1256 contracts and straddles.
Substitute payments, Reporting Substitute Payments
Tax-exempt interest income, Reporting tax-exempt interest.
Trades, How To Report
Wash sales, How to report.
Repossession of real property, Real property repossessed.
Restricted property, Restricted property.
Restricted stock, Dividends received on restricted stock., Glossary
Retirement of debt instrument, Retirement of debt instrument.
Return of capital (see Nondividend distributions)
Revocable trust, trustee's commissions for, Trustee's commissions for revocable trust.
Rollover of gain from sale:
Empowerment zone assets, Rollover of Gain From Sale of Empowerment Zone Assets
Securities, Rollover of Gain From Publicly Traded Securities, Rollover of Gain

S

S corporations, S Corporations, S corporation stock.
Safe deposit box, Safe deposit box rent.
Sales and trades of investment property, Sales and Trades of Investment Property, How To Make the Mark-to-Market Election
Sales and trades of investment property:
Definition, What Is a Sale or Trade?
Savings bonds (see U.S. savings bonds)
SBIC stock (see Small business investment company stock)
Scrip dividends, Scrip dividends.
Section 1202 gain, Section 1202 Exclusion
Section 1244 stock, Losses on Section 1244 (Small Business) Stock
Section 1256 contracts, Section 1256 Contracts Marked to Market, Section 1256 contracts., Section 1256 contract options., Section 1256 contracts and straddles., Glossary
Section 1256 contracts:
Net gain on, Net section 1256 contracts gain.
Net loss on, Net section 1256 contracts loss.
Reporting requirements, How To Report
Securities futures contracts, Dealer securities futures contract., Securities futures contract. , Securities Futures Contracts, Glossary
Securities:
Holding period, Holding Period
Installment sales, Installment sales.
Lost, stolen, etc., cost of replacing, Cost of replacing missing securities.
Rollover of gain from sale, Rollover of Gain From Publicly Traded Securities, Rollover of Gain
Traders in, Special Rules for Traders in Securities
Worthless, Worthless Securities, Worthless securities.
Self-employment income, Self-Employment Income
Self-employment tax, Self-employment tax.
Seller-financed mortgages, Interest on seller-financed mortgage.
Short sales, Short Sales, Extraordinary dividends.
Short sales:
Adjusted basis, Short sales.
Defined, Glossary
Expenses of, Short-sale expenses.
Extraordinary dividends, Extraordinary dividends.
Puts, Put option as short sale.
Small business investment company stock, Short sale.
Short-term capital gains and losses, Short-Term or Long-Term Capital Gain or Loss, Short-term gains and losses.
Short-term obligations, Discount on Short-Term Obligations, Choosing to include accrued discount and other interest in current income., Acquisition discount on short-term obligations., Short-term government obligations.
Short-term obligations:
Interest deduction, limit on, Limit on interest deduction for short-term obligations.
Sixty/forty rule, 60/40 rule.
Small business investment company stock, Losses on Small Business Investment Company Stock, SSBIC stock.
Small business investment company stock:
Reporting requirements, How to report.
Small business stock, Qualified small business stock., Losses on Section 1244 (Small Business) Stock, Qualified small business stock., Gains on Qualified Small Business Stock
Social security number (SSN):
Custodial accounts, Custodian account for your child.
Joint accounts, SSN for joint account.
Requirement to give, Social security number (SSN).
Specialized small business investment company stock, Specialized small business investment company stock or partnership interest., SSBIC stock.
Spouses:
Transfers between, Property Received From Your Spouse, Transfers Between Spouses
Transfers between:, Related Party Transactions
(see also Related party transactions)
State or local government obligations, State or Local Government Obligations, Market discount.
Market discount bonds (see Market discount bonds)
State or local government obligations:
Private activity bonds, Arbitrage bonds., Glossary
Registration requirement, Registration requirement.
Tax-exempt interest, Tax-Exempt Interest
Taxable interest, Taxable Interest
Stock
Dividends (see Dividends)
Straddles (see Straddles)
Stock:
Basis, Basis adjustment., Basis adjustment., Basis., Stocks and Bonds, Basis of replacement stock.
Capital asset, Stocks, stock rights, and bonds.
Constructive ownership, Constructive ownership of stock.
Convertible, Convertible stocks and bonds.
Corporate, Corporate Stocks
Fractional shares, Fractional shares., Automatic investment service.
Identification, Identifying stock or bonds sold.
Installment sales, Installment sales.
Nonqualified preferred stock, Nonqualified preferred stock.
Public utility, reinvestment, Public utilities.
Redemption of, Redemption of stock.
Replacement stock, Basis of replacement stock.
Restricted stock, Dividends received on restricted stock., Glossary
Rights, Distributions of Stock and Stock Rights, Stock rights., Nontaxable stock rights.
S corporations, S corporation stock.
Sales to ESOPs or cooperatives, Sales of Stock to ESOPs or Certain Cooperatives
Small business, Qualified small business stock., Qualified small business stock.
Specialized small business investment company, Specialized small business investment company stock or partnership interest.
Splits, Stock splits.
Stripped preferred stock, Stripped Preferred Stock, Glossary
Surrender of, Surrender of stock.
Trades, Stock for stock of the same corporation.
Trust instruments treated as, Certain trust instruments treated as stock.
Straddles, Straddles, Interest expense and carrying charges relating to mixed straddle account positions.
Straddles:
Defined, Glossary
Holding period, Holding Period and Loss Treatment Rules
Interest expense and carrying charges, Interest expense and carrying charges on straddles.
Loss deferral rules, Loss Deferral Rules
Mixed, Mixed straddles., Mixed straddles., Mixed Straddle Elections
Reporting requirements, Section 1256 contracts and straddles.
Stripped bonds and coupons, Stripped bonds or coupons., Stripped Bonds and Coupons, Stripped tax-exempt obligation.
Stripped preferred stock, Stripped Preferred Stock, Glossary
Substitute payments, Reporting Substitute Payments
Suggestions for publication, Comments and suggestions.

T

Tables:
Capital gains maximum rate (Table 4-2),
Income tax treaties (Table 1-3), Qualified Dividends
Investment income, reporting of (Table 1-1),
Puts and calls (Table 4-1), Table 4-1. Puts and Calls
U.S. savings bonds, person responsible for tax (Table 1-2), Table 1-2. Who Pays the Tax on U.S. Savings Bond Interest
Tax help, How To Get Tax Help
Tax rates:
Capital gain and losses, Capital Gain Tax Rates
Tax refunds:
Interest on, Interest on tax refunds.
Tax shelters, Tax Shelters and Other Reportable Transactions, Whether To Invest
Tax shelters:
Penalties, Penalties
Projected income investment, Projected Income Investment
Registration number, Tax Shelter Registration Number
Reporting requirements, Investor Reporting
Rules to curb abuse, Rules To Curb Abusive Tax Shelters
Tax-exempt bonds, Tax-exempt state and local government bonds.
Tax-exempt income:
Expenses of, Tax-exempt income.
Interest on, Tax-Exempt Interest, Reporting tax-exempt interest.
Tax-exempt obligations, Tax-Exempt Interest, Stripped tax-exempt obligations., Discounted tax-exempt obligations.
Taxable income, expenses of, Expenses for both tax-exempt and taxable income.
Taxes:
State and local transfer, State and local transfer taxes.
State income, State income taxes.
Taxpayer Advocate, Contacting your Taxpayer Advocate.
Taxpayer identification numbers (TINs):
Aliens, Reminders
Term loans, Term loans., Glossary
Trade or business, Passive activity.
Traders in securities, Special Rules for Traders in Securities
Trades:
Insurance, Insurance Policies and Annuities
Investment property, Sales and Trades of Investment Property
Like-kind, Like-Kind Exchanges, Like-Kind Exchanges
Nontaxable, Property Received in Nontaxable Trades, Nontaxable Trades, Nontaxable trades.
Reporting requirements, How To Report
Stock, Stock for stock of the same corporation.
Taxable, Property Received in Taxable Trades
U.S. Treasury notes or bonds, U.S. Treasury Notes or Bonds
Treasury bills, notes, and bonds (see U.S. Treasury bills, notes, and bonds)
Treasury inflation-indexed securities, Inflation-Indexed Debt Instruments
Treasury inflation-protected securities (TIPS), Treasury inflation-protected securities (TIPS)., Inflation-Indexed Debt Instruments
Treaties, income tax (Table 1-3), Qualified Dividends
Trust income received by beneficiary, Beneficiary of an estate or trust.
Trustee's commission for revocable trust, Trustee's commissions for revocable trust.
TTY/TDD information, How To Get Tax Help

U

U.S. savings bonds, U.S. obligations., U.S. Savings Bonds, Education Savings Bond Program
U.S. savings bonds:, Education Savings Bond Program
(see also Education Savings Bond Program)
Reporting interest on, U.S. obligations., U.S. Savings Bonds
Retirement or profit-sharing plan, distributed from, Savings bonds distributed from a retirement or profit-sharing plan.
Retirement or profit-sharing plan, distributed from:
Worksheet, Worksheet for savings bonds distributed from a retirement or profit-sharing plan.
Tax, responsible person (Table 1-2), Table 1-2. Who Pays the Tax on U.S. Savings Bond Interest
U.S. Treasury bills, notes, and bonds, U.S. obligations., U.S. Treasury Bills, Notes, and Bonds, Market discount., U.S. Treasury Notes or Bonds, U.S. Treasury notes and bonds.
Usurious interest, Usurious interest.

V

Veterans' insurance:
Dividends on, Dividends on veterans' insurance.

W

Warrants, Warrants.
Wash sales, Wash Sales, Securities Futures Contracts, Glossary
Wash sales:
Holding period, Wash sales.
Loss deferral rules, straddles, Coordination of Loss Deferral Rules and Wash Sale Rules
Reporting requirements, How to report.
Withholding, backup, Backup withholding.
Worksheets:
Capital gains, 28% rate worksheet, completed sample,
Capital loss carryover,
Worthless securities, Worthless Securities, Worthless securities.

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