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Section 14. Fiduciary Income Tax Returns›3.24.14 Fiduciary Income Tax Returns

Section 12 Form 1041 (Form 4727) (Program 11900, 11901 and 11902)

Internal Revenue Manual Part 3. Submission Processing · 2026-10-03 edition · updated 2026-10-04 · United States

Elem. No.

Form 4727 Section 12 Data Element Name

Prompt

Fld. Term.

Instructions

(1)

Section Number

SECT:

Press if already present on the screen; otherwise, enter 12.

(2)

Gross Proceeds

L1A $

Enter the amount from line 1a.

(3)

Total Gain Dispositions

L1B $

Enter the amount from line 1b.

(4)

Total Loss Dispositions

L1C $

Enter the amount from line 1c.

(5)

Total Gain or Loss

L7 $

MINUS (-)

Enter the amount from line 7.

(6)

Nonrecapture Sec. 1231 Losses

L8 $

Enter the amount from line 8.

(7)

Total Gain Less Nonrecapture

L9 $

Enter the amount from line 9.

(8)

Total Ordinary Gain or Loss

17 $

MINUS (-)

Enter the amount from line 17.

(9)

Form 4684 Part 3 Total Loss

18A $

Enter the amount from line 18a.

(10)

Gain or Loss Minus Form 4684

18B $

MINUS (-)

Enter the amount from line 18b.

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