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Capital Gains

Change the treatment of a sale

Follow these steps to change the treatment of a sale.
  1. Go to the
    Income
     screen in the
    Income
     folder.
  2. Select the statement window button for
    Capital gains / losses
    .
  3. Enter 1 of the following treatment options in the Force column for the holding period:
    tip
    You can use F4 to display the options available.
    • 1
       (short-term)
    • 2
       (long-term)
    • 3
       (2% rate)
  4. Select from the following treatment options in the Sale and InstPY screens:
    • 1
       - Form 4797, Part I, Long-term
    • 2
       - Form 4797, Part II
    • 3
       - Form 4797, Part III, Long-term
    • 4
       - Not Used in Trade or Business
    • S
       - Schedule D, Short-term installment
    • L
       - Schedule D, Long-term installment
    • M
       - Schedule D, 28 percent rate installment
    • V
       - Schedule D, 1202, 100 percent excludable
    • X
       - Schedule D, 1202, 50 percent excludable
    • Y
       - Schedule D, 1202, 75 percent excludable
    • Z
       - Schedule D, 1202, 60 percent excludable

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