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Fixed Assets and UltraTax CS 2023 help is now on Help and Support. We're still moving articles, but you can find most content for the 2023 tax year there. Continue using the Help & How-To Center for tax years 2022 and older.

Question

I need to adjust a calculated amount on Form 4952. Should I override on the form?

Answer

You should enter adjustments in the Form 4952 adjustment fields provided in Screen 4952 in the Itemized Deductions folder. Amounts entered in these fields adjust the calculated amounts. Fields are provided to adjust lines 4a, 4d, and 5 on the form as well as the net capital gain from investments and qualified dividends, which are used in Form 4952 calculations.

Related topic: Investment income and expenses FAQs (1040)

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