Nebraska Special Capital Gains/Extraordinary Dividend Deduction

Article ID: 58857  

Question
How Do I Quaify For the Nebraska Special Capital Gains/Extraordinary Dividends Deduction?

Answer

NEBRASKA SPECIAL CAPITAL GAINS/EXTRAORDINARY DIVIDEND DEDUCTION

This deduction is available only to Nebraska residents. Nonresidents do not qualify for this deduction. Enter the amount of the special capital gain or extraordinary dividend. Refer to the Special Capital Gains Election and Computation, Form 4797N, for additional information. The Form 4797N and a copy of Federal Schedule D must be attached to your Form 1040N to document your deduction. 

Note: If claiming the Extraordinary Dividend Deduction, a copy of Federal Schedule B is required.


Article Details
Views: 1292 Created on: Jun 15, 2013