Get Ne Dor 4797n 2020-2025

Filling out the NE DoR 4797N form online is an important step for individuals making a special capital gains or extraordinary dividend election in Nebraska. This guide provides clear and concise instructions to assist users in accurately completing each section of the form, ensuring a smooth filing process.

Follow the steps to effectively complete the NE DoR 4797N online.

1. Press the ‘Get Form’ button to access the NE DoR 4797N form and open it for editing.
2. Begin by entering your name as it appears on Form 1040N or Form 1041N, followed by your social security number.
3. If the person making the election differs from the name listed previously, provide their name and social security number as well as the year the election was made.
4. Specify the name of the corporation that issued the capital stock or declared the extraordinary dividend, along with an explanation if this differs from previous entries.
5. Provide detailed descriptions of the capital stock sold or the extraordinary dividend transaction.
6. Begin the computation section. Enter the sales price of the qualified capital stock as advised on Federal Form 8949 or Federal Schedule D, and attach these forms if applicable.
7. List the cost or other basis of the capital stock, taking into account any negative adjustments noted on Form 8949.
8. Calculate the capital gains on the sale of capital stock during the year by subtracting the cost from the sales price.
9. If applicable, input any capital gains exclusion deferred from a prior year.
10. Total the capital gains available for exclusion and note any limitations imposed.
11. Record any extraordinary dividends received, ensuring these are documented properly, and calculate total extraordinary dividends available for exclusion.
12. Finally, sum the allowable exclusion and prepare to save changes, download, print, or share the completed form.

Start filling out the NE DoR 4797N online today to complete your form accurately and efficiently.