1041 Tax Application

The following table shows 1041 Master Group activities.

Form Name Description
4797 GEN Sale of business property
6781 CONTRACTS Gains and losses from Section 1256 contracts
6781 STRADDLES Gains and losses from Section 1256 straddles
DED DTL AL OTH 2% Deductions detail allocable to other deductions sub to 2% floor
DED DTL NA OTH TAXES Deductions detail NA other taxes
FORM 6252 Installment sale income
GEN DEPR General depreciation asset detail and 4562 overrides
INC DTL FED MUNI NR Income detail federally taxable nonresident municipal interest
INC DTL FED MUNI RES Income detail federally taxable resident municipal interest
INC DTL OTH INC Income detail other income
SCH D GEN GTB capital gains transactions
SCHEDULE C Business income
SCHEDULE E Rent and royalty income
SCHEDULE F Farm income
SCHEDULE K1 Schedule K-1 income and expenses
SCHEDULE K1 PTP Schedule K-1 PTP income and expenses

 

 

 

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