1041-US: Changing the treatment of a sale (FAQ)

Alerts and notices
Leave 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 transmit e-files from CS Connect. Find out more.


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


Information entered in force fields to control how a sale is reported. The statement dialog for the Capital gains / losses field on Screen Income in the Income folder provides a force column for the holding period to enter sales of capital assets. Enter 1 for short-term treatment, 2 for long-term treatment, or 3 for 28 percent rate treatment. Also, press F4 to view the options available.

Screens Sale and InstPY provide a treatment field. The following are the options available on these screens.

Related topic: 1041-US: Business and capital asset sale information FAQs

Share This