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 1120 select;
- Tax and Payments
- Total Payments and Refundable Credits
- Credit Regulated Invest (2439)
Additional Information:
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