IRS Form 2439 - How to Report on Form 1040

The IRS Form 2439 is issued to a shareholder by either a REIT or RIC when the corporation has undistributed long-term capital gains that were subject to tax at the corporate level.

The shareholder still needs to report their allocable share of the long-term capital gains and taxes paid by the corporation.

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DISCLAIMER: I am a licensed attorney and certified public accountant (CPA) in the State of Florida. I am not a financial advisor. The information provided in this video is for entertainment purposes only. No such communication is provided in the course of an attorney-client relationship, and no communication is intended to constitute legal advice. You should speak with your own tax and legal professionals to discuss your circumstances before performing any of the tax, legal or accounting strategies demonstrated in this video. Thank you.