2439

Notice to Shareholder of Undistributed Long-Term Capital Gains

Agency
IRS
Revision
Rev. November 2021
Fillable fields
64
Pages
8
Official source
IRS form page
Checked
October 21, 2026
Fill 2439 online
Page 1 of form 2439

Form 2439: Notice to Shareholder of Undistributed Long-Term Capital Gains

Form 2439, Notice to Shareholder of Undistributed Long-Term Capital Gains, is issued by a regulated investment company (RIC) or a real estate investment trust (REIT). The IRS describes it as the form used to provide shareholders of a RIC or REIT the amount of undistributed long-term capital gains.

The RIC or REIT completes Copies A, B, C and D for each shareholder for whom it paid tax on undistributed capital gains under section 852(b)(3)(D) or 857(b)(3)(C). Copy A goes to the IRS with Form 1120-RIC or Form 1120-REIT, Copies B and C go to the shareholder, and Copy D stays with the RIC or REIT. The shareholder reports the gain and can apply for a refund or credit of the tax shown in box 2.

The instructions for the RIC or REIT and for the shareholder are printed on the back of the copies. You can fill out the PDF free in your browser on this page and download it without an account.

What's on Form 2439

Identification blocks

The RIC's or REIT's name, address and identification number, the shareholder's identifying number, name and address, the tax year, and VOID and CORRECTED boxes.

Box 1a

Total undistributed long-term capital gains allocated to the shareholder.

Boxes 1b, 1c and 1d

Portions of box 1a that are unrecaptured section 1250 gain, section 1202 gain, and collectibles (28%) gain.

Box 2

Tax paid by the RIC or REIT on the box 1a gains.

Four copies

Copy A attaches to Form 1120-RIC or 1120-REIT. Copy B attaches to the shareholder's income tax return. Copy C is for the shareholder's records. Copy D is for the RIC's or REIT's records.

How a RIC or REIT fills out Form 2439

  1. 1

    RIC or REIT block

    Enter the name, address (including ZIP code) and employer identification number (EIN) of the RIC or REIT as shown on Form 2438, Undistributed Capital Gains Tax Return.

  2. 2

    Shareholder block

    Enter the shareholder's SSN, name and address, or the EIN if the shareholder is not an individual. For an IRA, enter the IRA trust's number, not the SSN of the person for whom the IRA is maintained.

  3. 3

    Truncation

    The shareholder's number may be truncated on the copy sent to the shareholder by replacing the first 5 digits with asterisks or Xs. Truncation is not allowed on the copy filed with the IRS or for the RIC's or REIT's own number.

  4. 4

    Box 1a

    Enter the amount of undistributed capital gains from line 11 of Form 2438 (Rev. December 2020), or the applicable line of the current revision, allocable to the shareholder.

  5. 5

    Boxes 1b to 2

    Enter the shareholder's allocable portions in boxes 1b, 1c and 1d, and the tax paid on the box 1a amount in box 2. For box 1c, attach the statement the instructions describe. Do not include section 1202 gain in box 1d.

  6. 6

    Distribute the copies

    Attach Copy A to Form 1120-RIC or 1120-REIT, furnish Copies B and C to the shareholder, and keep Copy D.

These steps follow the Instructions for the RIC and the REIT printed on the back of Copies A and D.

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Where the copies go and deadlines

Copy A

The instructions say to attach Copy A of all Forms 2439 to Form 1120-RIC or Form 1120-REIT when it is filed at the appropriate IRS service center.

Shareholder deadline

The instructions say to furnish Copies B and C to the shareholder by the 60th day after the end of the RIC's or the REIT's tax year.

Nominee deadline

A nominee has 90 days after the close of the RIC's or REIT's tax year. A nominee acting as custodian of a unit investment trust described in section 851(f)(1) has 70 days, and a nominee resident in a foreign country has 150 days.

How the shareholder reports box 1a

The shareholder instructions say individuals report it on line 11, column (h), of Schedule D (Form 1040), estates and trusts on Schedule D (Form 1041), and corporate shareholders in Part II of Form 8949.

Box 2 refund or credit

The shareholder can apply for a refund or credit of the box 2 tax. For individuals, the form points to line 13a of Schedule 3 (Form 1040) of the 2021 form or the applicable line on the current year form.

Nominee filing

A nominee writes "Nominee" on the Copy B it received, attaches it to the Copy A it completed, and files them with the IRS service center where it files its income tax return.

Related forms

Who prepares and who receives Form 2439?

  • Regulated investment companies and REITs

    The RIC or REIT completes the form for each shareholder for whom it paid tax on undistributed capital gains, and files Copy A with Form 1120-RIC or Form 1120-REIT.

  • Shareholders

    Shareholders receive Copies B and C. The shareholder instructions explain where individuals, estates and trusts, corporations, S corporations, partnerships and exempt organizations report the amounts.

  • IRA trustees and custodians

    For a shareholder that is an IRA, the form says to send Copies B and C to the trustee or custodian of the IRA, and not to the owner of the IRA.

  • Nominees

    A nominee who is not the actual owner of the shares completes Copies A, B, C and D of Form 2439 for each owner and gives the actual owner Copies B and C.

The form is prepared by the fund or trust, not by the shareholder. The shareholder receives it and uses Copy B with an income tax return.

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Questions about Form 2439

Who sends Form 2439?

The regulated investment company or real estate investment trust that paid tax on undistributed capital gains. It completes the form for each shareholder.

What does a shareholder do with Copy B?

Copy B says to attach it to the shareholder's income tax return for the tax year that includes the last day of the RIC's or REIT's tax year. Copy C is for the shareholder's records.

Where does the box 1a amount go?

The shareholder instructions say to report the total as a long-term capital gain on the appropriate Schedule D. For example, individuals use line 11, column (h), of Schedule D (Form 1040).

What is the tax in box 2?

It is the tax paid by the RIC or REIT on the box 1a gains. The instructions say the shareholder can apply for a refund or credit of this tax.

Why does my copy show only part of my SSN?

The form says it may show only the last four digits for protection, but the RIC or REIT has reported the complete identifying number to the IRS.

What if the shares are held in an IRA?

The RIC or REIT enters the IRA trust's identification number and sends Copies B and C to the IRA trustee or custodian, not to the IRA owner.