1041-US: Adjusting a calculated amount on Form 4952 (FAQ)

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Question

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

Answer

You should enter adjustments in the Adjustments to Form 4952 amounts fields on Screen Deduct in the 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 disposition of investments, which are used for Form 4952 calculations.

Related topic: 1041-US Form 4952 (Investment income) FAQs

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