Locations to enter capital gains and losses in a fiduciary return (1041)

You can enter capital gains and losses in the following screens.

Form Screen(s) Note
Schedule D
  • Income (based on input in 8949 Box column)
  • K1, K1T
  • CO-2
  • Sale (if code 4 and conditions met)
  • Broker
 Short-term and long-term designations are based on what you enter. Transactions are treated as passive if the Form and Unit columns have entries for a connected passive activity.
Form 4684 Page 1 4684P  Only federally declared disaster areas are eligible for deduction starting in 2018
Form 4684 Page 2
  • 4684B (current year)
  • 4684PY (subsequent years if replacement property)
  • K1.
 Use the Disposal tab for the 4684B screen when in the Asset module.
Form 4797
  • Sale (or Disposal tab in Asset Module)
  • K1Sale (in the K1 1065, 1120S folder)
  • CO-2 (section 1231 carryover)
 N/A
Form 6252
  • Sale (initial year)
  • InstPY (subsequent years)
  • 8824 (if part of an exchange).
 Use the Disposal tab for the Sale and 8824 screens when using the Asset module.
Form 6781
  • Income
  • K1 screens
  • Broker
 N/A
Form 8824 8824 (real property only starting in 2018) Use the Disposal tab when in the Asset module.
Form 8949 Income (based in what you enter in the 8949 Box column) Short-term and long-term designations are based on what you enter. Transactions are treated as passive if the Form and Unit columns have entries for a connected passive activity.

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