Business and capital asset sale information FAQs (1040)

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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.

Where do I enter gains and losses from securities or commodities held in connection with a trader's trade or business so that the losses are not subject to the $3,000 capital loss limitation?

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

How do I change a sale from 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 originating as a mass disposition, why is the sale income reported as ordinary income and not capital?

How do I enter a short sale transaction?

How do I report the sale of a home used partly for business or rental?

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