1041-US: Data entry for reporting replacement property (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 report replacement property acquired after the tax return is filed?


If you have a gain on property lost in a casualty or theft, you can postpone the gain by acquiring replacement property within a specified period. If the replacement property is not purchased in the year of the casualty or theft, complete Screen 4684PY for business or income producing property for the year in which the replacement property was purchased. The application assumes that the replacement property was acquired within the specified replacement period. If the replacement property was not acquired within the required replacement period, you may need to amend the return for the tax year of the gain.

Related topic: 1041-US: Casualties and thefts FAQs

Share This