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jtgcpa
Level 4
April 27, 2020
Solved

Form 2439 Undistributed LT Capital Gains

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.

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abctax55
abctax55Answer
Level 15
April 27, 2020

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

3 replies

abctax55
abctax55Answer
Level 15
April 27, 2020

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
jtgcpa
jtgcpaAuthor
Level 4
April 27, 2020

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.

abctax55
Level 15
April 27, 2020

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