1041-US: Business and capital asset sale information FAQs

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MFA required for electronic filing

Effective May 3rd, the 2017 version of UltraTax CS requires multi-factor authentication (MFA) to transmit e-files from CS Connect. Find out more.

The following includes answers to common questions about entering information for the sale of business and capital assets.

How do I enter information in the Prior year payments received field on Screen InstPY?

How do I change a sale from a long-term to short-term treatment or vice versa?

I followed the instructions for mass disposition of assets but did not get the results I expected. What happened?

For an installment sale that originated as a mass disposition, why is the sale income reported as ordinary income and not capital?

Related topic: 1041 frequently asked questions

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