For Tax Years 2021 and Forward
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.
To enter the amounts from Form 2439 on an Individual return in TaxSlayer Pro Desktop, from the main menu of the 1040 select;
- Payments, Estimates & EIC
- Other Payments or Refundable Credits
- Shareholders LT Gains (2439)
To enter the amounts from Form 2439 on an Non-Resident Individual return in TaxSlayer Pro Desktop, from the main menu of the 1040NR select;
- Payments, Estimates & EIC
- Other Payments or Refundable Credits
- Shareholders LT Gains (2439)
Additional Information:
While TaxSlayer Pro strives to make the information and links contained on this page as timely and accurate as possible, TaxSlayer Pro makes no promise or guarantee about the timeliness, accuracy or completeness of the contents of this page. The information contained on this page is for general information and is not intended to be tax advice. The user is also encouraged to review the underlying state resources and publications.