Instructions for Form 5227 - Notices
This is archived information that pertains only to the 2006 Tax Year. If you
are looking for information for the current tax year, go to the Tax Prep Help Area.
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The time needed to complete and file this form will vary depending on individual circumstances. The estimated average time
is:
If you have comments concerning the accuracy of these time estimates or suggestions for making this form simpler, we would
be happy to hear from
you. You can write to the Internal Revenue Service, Tax Products Coordinating Committee, SE:W:CAR:MP:T:T:SP, IR-6406, 1111
Constitution Ave. NW,
Washington, DC 20224. Do not send the tax form to this address. Instead, see Where To File on page 2.
Capital Gains Distribution Worksheet (KEEP FOR YOUR RECORDS)
Use this worksheet to determine the ordering of any capital gains distributions
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Short-term |
Long-term |
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28% long-term
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Section 1250 |
All other |
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Qualified 5-year |
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capital gain class
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long-term capital |
long-term capital |
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long-term capital |
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gain class |
gain class |
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gain class |
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1.
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Prior years undistributed gain or (loss)
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2.
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Current year net gain or (loss)
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3.
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Total combined gain or (loss) by class
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4.
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Adjustments for netting any long-term capital (losses) on line 3
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5.
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Total
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6.
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Adjustments for netting any short-term capital gain or (loss) on line 3 (see netting rules on page 5)
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7.
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Total undistributed gains
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8.
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2006 distributions
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9.
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Carryforward to 2007 (line 7 less line 8)
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Ordinary Income Distribution Worksheet (KEEP FOR YOUR RECORDS)
Use this worksheet to determine the ordering of any ordinary income distributions
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All other ordinary income |
Qualified dividends |
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1.
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Prior years undistributed ordinary income or (loss)
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Current year ordinary income or (loss)
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3.
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Total combined ordinary income or (loss) by class
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4.
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Adjustments for netting any ordinary (losses) on line 3
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5.
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Total undistributed ordinary income
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6.
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2006 distributions
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7.
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Carryforward to 2007 (line 5 less line 6)
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