Skip to main content

Solutions

Products

Recommended products

Questions? We are here to help.
Contact us

Purchase

Questions? We are here to help.

Resources

Screens

Screen CAD - California Capital Gains and Losses (1065)

Show all hidden content

Capital Gains and Losses

Detail schedule
UltraTax CS transfers detail for the description, date acquired, date sold, proceeds, and basis from the federal D screen to this statement. To exclude an item from the state return, delete the amount, enter
0
 (zero), or delete the entire line item from the statement. UltraTax CS shows the modified column in black and will not overwrite the new data with subsequent federal-to-state data transfers.
UltraTax CS determines long-term or short-term status of an asset based on the dates entered in the
Date Acquired
 and
Date Sold
 boxes in the statement. If these date boxes are blank, UltraTax CS uses short-term status as the default.
note
You can select the
Force
 code. Codes
3
 and
5
 are not applicable for California and are treated in the same manner as code
2
.
Capital gain distributions
UltraTax CS transfers the amount of capital gain distributions from the federal return to Schedule D, line 4. To change the amount for California purposes, enter the information here.
Short-term capital gain (loss) from Form 6781, Part II
UltraTax CS transfers the amount of short-term Form 6781, Part II gains (losses) from the federal return to Schedule D. To change the amount for California purposes, enter the information here.
Long-term capital gain (loss) from Form 6781, Part II
UltraTax CS transfers the amount of long-term Form 6781, Part II gains (losses) from the federal return to Schedule D. To change the amount for California purposes, enter the information here.

error-icon

Triva isn't available right now.

Check out the support page for our phone number and hours

error-close