Other Taxes and Recaptures - Other Taxes Tax Years 2020 and prior
Desktop · Written guide Content date 1 min read
Several other taxes may need to be paid on Form 1040. These items will carry to Schedule 2. Multiple amounts will be added together, with the letters STM indicating a statement is included with the return detailing the individual codes and amounts.
From the Main Menu of the Tax Return (Form 1040) select:
- Other Taxes Menu
- Other Taxes
- Other Tax #1 through #6
| ADT | Tax on Accumulation of Distribution of Trusts (Form 4970) |
| FITPP | Recapture of Charitable Contribution of Fractional Interest |
| ISC | Excise Tax on Insider Stock Compensation |
| 453A(C) | Interest on Deferred Tax on Certain Installment Sale Gains |
| S72P | Distribution of a Loan from Certain Plans |
| 453(L)3 | Interest on Tax Due on Certain Installment Income |
| 72(M)(5) | Excess Benefits Tax |
| 1260(B) | Interest Charge on Deferral of Gain |
| 457A | Tax on Prior Year Section 457A Nonqualified Deferred Comp |
| BLANK | Choose this to blank out an entry |
Additional Information: