1040-US: Designating a sale as long-term or short-term

Alerts and notices
Leave feedback

Internal Employees: Submit feedback

Contact information (optional):

Leave this blank:

Please tell us how we can make this information more helpful.

Characters left:

MFA required for electronic filing

Effective May 3rd, the 2017 version of UltraTax CS requires multi-factor authentication (MFA) to access the electronic filing transmission feature in CS Connect.

Thomson Reuters is committed to proactively evolving our security features to help you protect your firm and your clients' data. For more information about multi-factor authentication, see Multi-factor authentication overview.


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


UltraTax CS provides force fields that allow you to control how a sale is reported. Sales of capital assets entered in Screen B&D's Schedule for detail statement dialog provides a force column for your use. Enter 1 for short-term treatment, 2 for long-term treatment, or 3 for 28 percent rate treatment. You may also press F4 to view the options available.

Screens Sale and InstPY provide a treatment field for your use. The options available on these screens are:

Related topic: Business and capital asset sale information FAQs (1040)

Share This