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Federal input screens

Screen 2439 - Shareholder Undistributed Long-Term Capital Gains (1040)

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Overview

Name of RIC or REIT
The RIC or REIT name in this field becomes the unit description. This field is mandatory.
State
Enter the state code for proper state processing.
Total undistributed long-term capital gains
Amounts in these fields transfer to the line of Schedule D.
Unrecaptured section 1250 gain
Amounts in these fields transfer to the line of Schedule D.
Section 1202 gain
Part or all of the section
1202 gain
 may be eligible for an exclusion from income. The taxpayer will need to have held an interest in the RIC/REIT that sold the qualified small business stock (QSB) on the date it was acquired and continuously until the stock was sold. If the taxpayer qualifies for the exclusion, select the exclusion code.
Collectibles (28%) gain
Amounts in these fields transfer to the line of the 28% Rate Capital Gain Tax Worksheet.
Tax paid by the RIC and REIT on the box 1a gains
An amount in this field will be reported on Schedule 3 (Form 1040), line 13a.

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