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Form 2438 Undistributed Capital Gains Tax Return OMB No. 1545-0144
Please
Type Number, street, and room or suite no. (If a P.O. box, see instructions.)
or
Print City or town, state, and ZIP code
Part I Short-Term Capital Gains and Losses—Assets Held One Year or Less
(a) Description of property (Example, 100 shares (b) Date acquired (c) Date sold (d) Sales price (e) Cost or other
(f) Gain or (loss)
basis (see
of Z Co.) (mo., day, yr.) (mo., day, yr.) (see instructions)
instructions) ((d) less (e))
2 Short-term capital gain from installment sales from Form 6252, line 26 or 37 2
3 Unused capital loss carryover (attach computation) 3 ( )
4 Net short-term capital gain or (loss). Combine lines 1 through 3. (See instructions.) 4
Part II Long-Term Capital Gains and Losses—Assets Held More Than One Year
5
7 Long-term capital gain from installment sales from Form 6252, line 26 or 37 7
䊳
Date Preparer’s SSN or PTIN
Paid Preparer’s Check if
signature self-employed
Preparer’s
䊳
Firm’s name (or EIN
Use Only yours if self-employed),
Phone no. ( )
address, and ZIP code
For Privacy Act and Paperwork Reduction Act Notice, see instructions. Cat. No. 11856I Form 2438 (2005)
1
I.R.S. SPECIFICATIONS TO BE REMOVED BEFORE PRINTING
INSTRUCTIONS TO PRINTERS
FORM 2438, PAGE 2 of 4
MARGINS: TOP 13mm (1⁄2 "), CENTER SIDES. PRINTS: HEAD TO HEAD
PAPER: WHITE WRITING, SUB. 20. INK: BLACK
FLAT SIZE: 432mm (17") X 279mm (11") FOLD TO: 216mm (81⁄2 ") X 279mm (11")
PERFORATE: ON THE FOLD
DO NOT PRINT — DO NOT PRINT — DO NOT PRINT — DO NOT PRINT
information, see “Marking the Proper Column (e). If gross sales price with these laws and to allow us to
Tax Period” in the instructions for is reported in column (d), increase figure and collect the right amount
Form 8109. the cost or other basis by any of tax. Section 6109 requires return
For more information on deposits, expense of sale such as broker’s preparers to provide their identifying
see the instructions in the coupon fees, commissions, or option numbers on the return.
booklet (Form 8109) and Pub. 583, premiums before entering an amount You are not required to provide
Starting a Business and Keeping in column (e). the information requested on a form
Records. A RIC’s or REIT’s basis in an that is subject to the Paperwork
If the RIC or REIT owes tax when asset it held on January 1, 2001, for Reduction Act unless the form
it files Form 2438, do not include the which the RIC or REIT made an displays a valid OMB control
payment with the tax return. Instead, election to recognize any gain (under number. Books or records relating to
mail or deliver the payment with section 311 of the Taxpayer Relief a form or its instructions must be
Form 8109 to an authorized Act of 1997) is the asset’s closing retained as long as their contents
depositary, or use EFTPS. market price or fair market value, may become material in the
whichever applies, on the date of administration of any Internal
Specific Instructions the deemed sale and reacquisition, Revenue law. Generally, tax returns
whether the deemed sale resulted in and return information are
Period covered. File the 2005 return
a gain or unallowed loss. confidential, as required by section
for calendar year 2005 and fiscal
6103.
years that begin in 2005. For a fiscal Line 4
year, fill in the tax year space at the The time needed to complete and
top of the form. Enter any net short-term capital gain file this form will vary depending on
from line 4 on line 1 of Schedule D individual circumstances. The
Address. Include the suite, room, or
(Form 1120) as “Net short-term estimated average time is:
other unit number after the street
capital gain from line 4, Form 2438.” Recordkeeping 7 hr., 39 min.
address. If the Post Office does not
deliver mail to the street address Learning about the
and the RIC or REIT has a P.O. box,
Line 12
law or the form 24 min.
show the box number instead of the Enter the amount from line 12 on Preparing and sending
street address. line 6 of Schedule D (Form 1120) as the form to the IRS 32 min.
“Undistributed capital gains not
Lines 1 and 5 designated (from Form 2438).” If you have comments concerning
the accuracy of these time estimates
Column (b)—Date acquired. A
Line 13 or suggestions for making this form
RIC’s or REIT’s acquisition date for
simpler, we would be happy to hear
an asset it held on January 1, 2001, Deposit the tax due by the 30th day from you. You can write to the
for which it made an election to after the end of the tax year. Internal Revenue Service; Tax
recognize any gain (under section
Products Coordinating Committee;
311 of the Taxpayer Relief Act of Privacy Act and Paperwork SE:W:CAR:MP:T:T:SP; 1111
1997) is the date of the deemed sale Reduction Act Notice. We ask for Constitution Ave., NW, IR-6406;
and reacquisition. the information on this form to carry Washington, DC 20224. Do not send
Column (d). Enter either gross sales out the Internal Revenue laws of the the tax form to this office. Instead,
price or net sales price. If net sales United States. You are required to see Where To File.
price is entered, do not increase the give us the information. We need it
cost or other basis in column (e) by to ensure that you are complying
any expenses reflected in the net
sales price.