2018 UltraTax CS

Business and capital asset sale information FAQs (1040)

Alerts and notices

The following includes answers to common questions about entering information for the sale of business and capital assets.

Where do I enter gains and losses from securities or commodities held in connection with a trader's trade or business so that the losses are not subject to the $3,000 capital loss limitation?

How do I enter information in the Prior year payments received field located in Screen InstPY?

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

I followed the instructions for mass disposition of assets but did not get the results I expected. What happened?

For an installment sale originating as a mass disposition, why is the sale income reported as ordinary income and not capital?

How do I enter a short sale transaction?

How do I report the sale of a home used partly for business or rental?