Screen REIT-2 - Real Estate Investment Trust Built-In Gains Tax (1120)

Built-in Gains Tax

Enter the amount of undistributed capital gains designated under Section 852(b)(3)(D) or 857(b)(3)(D). This is equal to the amount on Form 2438, line 11. The amount entered in this field is included with the amount of taxable income before net operating loss, total deduction for dividends paid, Section 857(b)(2)(E) deduction, and the amount of net income from foreclosure property. The application then subtracts from the total the amount of Section 857(b)(2)(E) deduction. The result transfers to the Taxable Income line of the Built-in Gains Tax Worksheet.
Chat now

error-icon

Triva isn't available right now.

Check out the support page for our phone number and hours

error-close