IRS Form 2439 1994 free printable template

Form 2439 Department of the Treasury Internal Revenue Service Notice to Shareholder of Undistributed Long-Term Capital Gains For calendar year 1994, or other tax year of the regulated investment company

How to fill out IRS Form 2439

How to fill out IRS Form 2439

1. Obtain IRS Form 2439 from the IRS website or local office.
2. Fill in your name, address, and taxpayer identification number (TIN) at the top of the form.
3. Enter the name and address of the person or entity from whom you received the undistributed long-term capital gains.
4. Report the amount of undistributed long-term capital gains received from the electing fund.
5. Calculate and report any withholding tax that has been deducted.
6. Sign and date the form before submitting it to the IRS.

Who needs IRS Form 2439?

1. Individuals or entities who received undistributed long-term capital gains from a regulated investment company (RIC) or a real estate investment trust (REIT).
2. Taxpayers who need to report these gains to their personal tax return.

People Also Ask about

Do I have to report form 2439 on my tax return?

Taxpayers will need to report the capital gains and taxes paid on their income tax return. You can claim the Capital Gain Credit for any taxes paid by your Form 2439 issuer. Please remember to increase your basis in the investment by the difference between the gain you report and the credit you claim for the tax paid.

What is the tax treatment of form 2439?

The tax credit reported on Form 2439 is a dollar-for-dollar credit against any income tax liability determined on each shareholder's respective 2022 income tax return and will reduce any federal income tax liability and may result in a tax refund to the extent the credit exceeds any tax liability.

Do you report form 2439 on tax return?

Report the total amount as a long-term capital gain on the appropriate Schedule D. For example, individuals report this amount on line 11, column (h), of Schedule D (Form 1040). Estates and trusts report this amount on Schedule D (Form 1041).

What is IRS form 4797 used for?

Use Form 4797 to report: The sale or exchange of property. The involuntary conversion of property and capital assets.

What is form 2439 used for?

Use this form to provide shareholders of a regulated investment company (RIC) or a real estate investment trust (REIT) the amount of undistributed long-term capital gains.

Where do I enter form 2439 in Lacerte?

To enter the 2439 in the individual module: Go to Screen 17.1 Dispositions (Schedule D, 4797, etc.). From the Dispositions Section select Form 2439.

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What is IRS Form 2439?

IRS Form 2439 is a tax form used to report the notice of a large gain from an electing large partnership.

Who is required to file IRS Form 2439?

Individuals who receive a notice from an electing large partnership regarding their share of a distribution that includes a capital gain or has taxable income are required to file IRS Form 2439.

How to fill out IRS Form 2439?

To fill out IRS Form 2439, taxpayers need to provide their identifying information, report the amounts of gain and distributions they received from the partnership, and ensure all calculations are accurate based on the information provided in the notice.

What is the purpose of IRS Form 2439?

The purpose of IRS Form 2439 is to inform the IRS and taxpayers about distributions received from electing large partnerships that may affect the taxpayer's income and tax liabilities.

What information must be reported on IRS Form 2439?

Information that must be reported on IRS Form 2439 includes the taxpayer's identification details, the partnership's identifying information, the amount of gain or loss from the partnership, and specific figures related to the distribution received.