1065-US: Changing the type of gain (loss) that UltraTax CS automatically calculates (FAQ)

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Question

How can I change the type of gain (loss) that UltraTax CS automatically calculates?

Answer

The type (long-term, short-term, etc.) of gain can be changed using the treatment and holding period codes in the following locations.

The amount of unrecaptured section 1250 gain can be forced in Screen K. When there is enough detail entered in Screen 8824, Sale, or InstPY, UltraTax CS automatically calculates this amount.

Related topic: Forms 4684, 4797, 6252, and 8824 and Schedule D FAQs (1065)

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