smd
Level 1
On an estate income tax return, when annuity proceeds distributed, where can I enter birth date to obtain capital gains treatment?
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Kathi_at_Intuit
Employee
Employee
Are you in the Estate  or Fiduciary tax module?
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George4Tacks
Level 15

You would not need a birth date input. The capital gain treatment should be indicated on the 1099R if it meets the requirements for CG treatment https://www.irs.gov/taxtopics/tc412

If this is a run of the mill annuity purchased by the decedent, then the "gain" over the original purchase price is not a capital gain. 


Here's wishing you many Happy Returns

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