Payment, Estimates & EIC Menu

Undistributed capital gains are reported to mutual fund shareholders when the mutual fund retains some of its long-term capital gains and pays taxes on the undistributed amounts. The taxpayer treats their share of these gains as distributions, even though they did not actually receive them. However, they are not included on Form 1099-DIV. The amounts are reported to the taxpayer on Form 2439.

Report undistributed capital gains (box 1a of Form 2439) as long-term capital gains on Schedule D, Form 1040. Enter the part reported to you as Unrecaptured Section 1250 Gain on the Unrecaptured Section 1250 Gain Worksheet. For any gain on qualified small business stock, follow the reporting instructions under Section 1202 Exclusion. Enter the collectibles gain on line 1 of the 28% Rate Gain Worksheet in the Schedule D instructions. A credit can also be claimed for the amount of tax paid on Form 1040.

If the taxpayer had to repay income they had included in their tax return in a previous year, they don't amend the prior year return but include the repayment in the current year's return as either a deduction or an adjustment per IRC Section 1341. See here for more information.

If the taxpayer elected to pay their net 965 tax liability in installments, enter here the amount of net 965 tax liability remaining to be paid in future years.

Schedule 3 line 13z notated Section 960(c)

Use Form 8689 to figure the amount of U.S. tax allocable to the U.S. Virgin Islands (USVI). A U.S. citizen or resident alien (other than a bona fide resident of the USVI) that had income from sources in the USVI or income effectively connected with the conduct of a trade or business in the USVI may owe tax to the USVI, calculated as percentage of the U.S. tax liability.

Undistributed capital gains are reported to mutual fund shareholders when the mutual fund retains some of its long-term capital gains and pays taxes on the undistributed amounts. The taxpayer treats their share of these gains as distributions, even though they did not actually receive them. However, they are not included on Form 1099-DIV. The amounts are reported to the taxpayer on Form 2439.

Report undistributed capital gains (box 1a of Form 2439) as long-term capital gains on Schedule D, Form 1040. Enter the part reported to you as Unrecaptured Section 1250 Gain on the Unrecaptured Section 1250 Gain Worksheet. For any gain on qualified small business stock, follow the reporting instructions under Section 1202 Exclusion. Enter the collectibles gain on line 1 of the 28% Rate Gain Worksheet in the Schedule D instructions. A credit can also be claimed for the amount of tax paid on Form 1040.

If the taxpayer had to repay income they had included in their tax return in a previous year, they don't amend the prior year return but include the repayment in the current year's return as either a deduction or an adjustment per IRC Section 1341. See here for more information.

If the taxpayer elected to pay their net 965 tax liability in installments, enter here the amount of net 965 tax liability remaining to be paid in future years.

Schedule 3 line 13z notated IRC 1341.

Use Form 8689 to figure the amount of U.S. tax allocable to the U.S. Virgin Islands (USVI). A U.S. citizen or resident alien (other than a bona fide resident of the USVI) that had income from sources in the USVI or income effectively connected with the conduct of a trade or business in the USVI may owe tax to the USVI, calculated as percentage of the U.S. tax liability.

Undistributed capital gains are reported to mutual fund shareholders when the mutual fund retains some of its long-term capital gains and pays taxes on the undistributed amounts. The taxpayer treats their share of these gains as distributions, even though they did not actually receive them. However, they are not included on Form 1099-DIV. The amounts are reported to the taxpayer on Form 2439.

Report undistributed capital gains (box 1a of Form 2439) as long-term capital gains on Schedule D, Form 1040. Enter the part reported to you as Unrecaptured Section 1250 Gain on the Unrecaptured Section 1250 Gain Worksheet. For any gain on qualified small business stock, follow the reporting instructions under Section 1202 Exclusion. Enter the collectibles gain on line 1 of the 28% Rate Gain Worksheet in the Schedule D instructions. A credit can also be claimed for the amount of tax paid on Form 1040.

If the taxpayer had to repay income they had included in their tax return in a previous year, they don't amend the prior year return but include the repayment in the current year's return as either a deduction or an adjustment per IRC Section 1341. See here for more information.

If the taxpayer elected to pay their net 965 tax liability in installments, enter here the amount of net 965 tax liability remaining to be paid in future years.

Schedule 3 line 13z notated IRC 1341.

Use Form 8689 to figure the amount of U.S. tax allocable to the U.S. Virgin Islands (USVI). A U.S. citizen or resident alien (other than a bona fide resident of the USVI) that had income from sources in the USVI or income effectively connected with the conduct of a trade or business in the USVI may owe tax to the USVI, calculated as percentage of the U.S. tax liability.

Undistributed capital gains are reported to mutual fund shareholders when the mutual fund retains some of its long-term capital gains and pays taxes on the undistributed amounts. The taxpayer treats their share of these gains as distributions, even though they did not actually receive them. However, they are not included on Form 1099-DIV. The amounts are reported to the taxpayer on Form 2439.

Report undistributed capital gains (box 1a of Form 2439) as long-term capital gains on Schedule D, Form 1040. Enter the part reported to you as Unrecaptured Section 1250 Gain on the Unrecaptured Section 1250 Gain Worksheet. For any gain on qualified small business stock, follow the reporting instructions under Section 1202 Exclusion. Enter the collectibles gain on line 1 of the 28% Rate Gain Worksheet in the Schedule D instructions. A credit can also be claimed for the amount of tax paid on Form 1040.

Form 7202 is used to calculate the refundable qualified sick and family leave equivalent credits for a self-employed taxpayer who lost work for reasons related to COVID-19. Click the year for more information about the year.

• 2020
• 2021

The Health Coverage Tax Credit (HCTC) is a refundable credit of a percentage of qualified health insurance coverage payments available to qualified taxpayers. See here for more information.

If the taxpayer had to repay income they had included in their tax return in a previous year, they don't amend the prior year return but include the repayment in the current year's return as either a deduction or an adjustment per IRC Section 1341. See here for more information.

If the taxpayer elected to pay their net 965 tax liability in installments, enter here the amount of net 965 tax liability remaining to be paid in future years.

This credit may include both a nonrefundable and a refundable amount. The refundable credit, if any, is shown here.

Schedule 3 line 13z notated IRC 1341.

Use Form 8689 to figure the amount of U.S. tax allocable to the U.S. Virgin Islands (USVI). A U.S. citizen or resident alien (other than a bona fide resident of the USVI) that had income from sources in the USVI or income effectively connected with the conduct of a trade or business in the USVI may owe tax to the USVI, calculated as percentage of the U.S. tax liability.