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Fixed Assets and UltraTax CS 2023 help is now on Help and Support. We're still moving articles, but you can find most content for the 2023 tax year there. Continue using the Help & How-To Center for tax years 2022 and older.

Question

How is gross income from property held for investment (Form 4952, line 4a) determined?

Answer

The application includes the following as gross income from property held for investment.

• Interest income entered on Screens Income, K1, and K1T
• Dividends entered on Screens Income, K1, and K1T
• Royalties entered on Screen Rent with code 6 activity type and Screen K1
• Other portfolio income entered on Screens K1 and K1T
• Net income of a publicly traded partnership (PTP)
• Income from an activity in which taxpayer did not materially participate and is not a passive activity (Screens C and F)
• Annuity income entered on Screen 1099R
• Other income identified as investment entered on Screen Income

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

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