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Form 2439 Undistributed LT Capital Gains

Forum|Forum|6 years ago
April 27, 2020
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Where in Lacerte do you enter undistributed long term capital gains from Form 2439, as well as the related credit for the taxes paid shown on this form?

I believe the LT Capital Gains get reported on Schedule D, line 11, but just can't find where to enter these in Lacerte. I also can't seem to find where to enter the taxes paid as a credit on the returns.

Lacerte Tax

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Best answer by abctax55

Screen 17.1

On left side, second option down is F 2439, but I don't see a place to enter withholding.

You might have to force that thru Screen 11 or 12...

Level 15

Screen 17.1

On left side, second option down is F 2439, but I don't see a place to enter withholding.

You might have to force that thru Screen 11 or 12...

HumanKind... Be Both

jtgcpaAuthor

Level 4

Thank you SO much. I don't know how I overlooked that.

Also, the credit is taken in the same screen (fifth box down). The credit populates on Schedule 3 of the return.

Level 15

Same way I overlooked the place to put the "withholding"... I wasn't looking for 'tax paid by'...

Have a good evening.

HumanKind... Be Both