1041-US: Capital loss is not limited to $3,000 on Form 5227, Page 1, Part 1, Section B (FAQ)

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:

Change to CS Support service hours

Our Support department is closed on [[date]]. However, limited UltraTax CS phone support is available on that date from 9 AM - 5 PM ET due to the approaching deadline.

Links to our most popular tax processing topics are available in the Alerts and notices section on the right side of most pages.

Question

Why isn't the capital loss limited to $3,000 on Form 5227, Page 1, Part I, Section B?

Answer

The $3,000 is an income tax loss limitation. Because Form 5227 is an Information Return, this tax limitation is not applicable. The full capital loss prints on Form 5227, Page 1, Part I, Section B.

Related topic: 1041-US: Form 5227 FAQs

Share This