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August 25, 2009
Page 2 of 2
P.L. 111-5, American Recovery and Reinvestment Act of 2009
Action
Number
67.00013
Act
Section
1241
IRC
Section
1202
Total Action Items: 1
Description of Action
Revise product to reflect an increase in sec. 1202 exclusion for tax
years 2009 and 2010 from 50% to 75%.
Date Type Effective Date Target Date Actual Date
DOE
17-FEB-2009 31-DEC-2013
Major Changes to
2009 Instructions for Schedule D (Form 1041)
•
•
On page 2 under Items for Special Treatment (bullet 16) we added language
regarding the 2010 sunset for qualified capital gain from DC Zone assets to be
excluded from gross income. IRC sec. 1400B.
On page 8 we updated line 15 of Schedule D Tax Worksheet to reflect the increase
to $2,300 for the amount of gain taxed at a rate below 25%. Rev. Proc. 2008-66,
sec. 301, table 5.
| File Type | application/pdf |
| File Title | Project File Checksheet.doc |
| Author | RMDFB |
| File Modified | 2009-11-13 |
| File Created | 2009-11-13 |