Instructions for the Shareholder
Section references are to the Internal Revenue Code.
Reporting Information
Box 1a. This amount is your total undistributed long-term capital gain from your regulated investment company (RIC) or real estate investment trust (REIT).
Report the total amount as a long-term capital gain on the appropriate Schedule D. For example, individuals report this amount on line 11, column (h), of Schedule D (Form 1040). Estates and trusts report this amount on Schedule D (Form 1041).
Corporate shareholders report this amount in Part II of Form 8949. See Form 8949, Schedule D (Form 1120), and the related instructions for details. If there is an amount in box 1b, 1c, or 1d, special instructions apply for entering those amounts on the appropriate Schedule D. See Undistributed Capital Gains in the Schedule D (Form 1040) and Schedule D (Form 1041) instructions.
Box 1b. This amount is the unrecaptured section 1250 gain. Individual filers report this amount on line 11 of the Unrecaptured Section 1250 Gain Worksheet in the Schedule D (Form 1040) instructions. Estates and trusts use this amount to complete the Unrecaptured Section 1250 Gain Worksheet in the Schedule D (Form 1041) instructions
Box 1c. This amount applies to the portion of the amount in box 1a attributable to a section 1202 gain (sale of qualified small business stock). Individual filers, see Exclusion of Gain on Qualified Small Business (QSB) Stock in the Schedule D (Form 1040) instructions. Estates and trusts, see Exclusion of Gain on Qualified Small Business (QSB) Stock (Section 1202) in the Schedule D (Form 1041) instructions.
Box 1d. This amount is the collectibles gain (28% rate gain), portion of the amount in box 1a. Individual filers enter this amount on line 4 of the 28% Rate Gain Worksheet in the Schedule D (Form 1040) instructions. Estates and trusts use this amount to complete the 28% Rate Gain Worksheet in the Schedule D (Form 1041) instructions.
Box 2. This amount is the tax paid by the RIC or REIT on the undistributed long-term capital gains shown in box 1a. You can apply for a refund or credit of this tax as follows.
Individuals, Nonresident Aliens, and Estates and Trusts. See line 73 of Form 1040, line 69 of Form 1040NR, or line 24f of Form 1041, and the related instructions.