2009 Summary of changes

IMPLEMENTATION PLAN for 1041 (SCH D)
Run by User SD_Q7TMB

August 24, 2009

Page 2 of 2

P.L. 109-222, Tax Increase Prevention and Reconciliation Act of 2005
Action
Number
67.00040

Act
Section
102

IRC
Section
1(h)

Total Action Items: 1

Description of Action
(Note: This act sec extends the date in PL 108-27, act sec 303 by 2
years.) Revise form to reflect the expiration of qualified dividends and
the special rates for capital gains.

Date Type Effective Date Target Date Actual Date
TYBA

31-DEC-2010 14-DEC-2011

Major Change to
2009 Schedule D (Form 1041),
Capital Gains and Losses
•

On line 24, we increased the dollar amount to $2,300 to reflect the amount from
Rev. Proc. 2008-66, Section 3.01, Table 5, that is taxed at a rate below 25% per
IRC § 1(h)(1)(B).