Several other taxes may need to be paid on Form 1040. These items will carry to Schedule 2. Multiple amounts will be added together, with the letters STM indicating a statement is included with the return detailing the individual codes and amounts.
From the Main Menu of the Tax Return (Form 1040) select:
- Other Taxes Menu
- Other Taxes
- Other Tax #1 through #6
| ADT | Tax on Accumulation of Distribution of Trusts (Form 4970) |
| FITPP | Recapture of Charitable Contribution of Fractional Interest |
| ISC | Excise Tax on Insider Stock Compensation |
| 453A(C) | Interest on Deferred Tax on Certain Installment Sale Gains |
| S72P | Distribution of a Loan from Certain Plans |
| 453(L)3 | Interest on Tax Due on Certain Installment Income |
| 72(M)(5) | Excess Benefits Tax |
| 1260(B) | Interest Charge on Deferral of Gain |
| 457A | Tax on Prior Year Section 457A Nonqualified Deferred Comp |
| BLANK | Choose this to blank out an entry |
Additional Information:
Desktop: Other Taxes and Recaptures - Tax Years 2020 and prior