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Form 2439 Fill in Version Notice to Shareholder of Undistributed Long Term Capital Gains

Form 2439 Fill in Version Notice to Shareholder of Undistributed Long Term Capital Gains

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Instructions and help about Form 2439 Fill in Version Notice To Shareholder Of Undistributed Long Term Capital Gains

over IRS form 2439 notice the shareholder of undistributed long-term capital gains most taxpayers uh should not see this form however this is an informational form that you may receive at the end of a tax year if you own uh shares of mutual funds unit investment trusts uh those are known as uh registered investment companies or if you own real estate investment trusts known as REITs so in this video we'll go over what the registered Investment Company or the Reit is supposed to report to you and then we're going to go over taxpayer responsibilities on how you further report this to the Internal Revenue Service so undistributed long-term capital gains are basically what they sound like capital gains for which uh the company did not distribute the money to the shareholders uh but retained it for their purposes uh uh while possibly paying the tax or having to at least report this as a taxable event so uh we'll go through each section uh before we do I'll ac

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