Form 4797N Special Capital Gains / Extraordinary Dividend Election and Computation - Nebraska

What Is Form 4797N?

This is a legal form that was released by the Nebraska Department of Revenue - a government authority operating within Nebraska. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is Form 4797N?
A: Form 4797N is a form used specifically in Nebraska for reporting special capital gains and extraordinary dividends.

Q: What is the purpose of Form 4797N?
A: The purpose of Form 4797N is to elect to use special capital gains and extraordinary dividend rates and calculate the tax owed on them.

Q: Who needs to file Form 4797N?
A: Any individual or entity in Nebraska who received special capital gains or extraordinary dividends must file Form 4797N.

Q: When is Form 4797N due?
A: Form 4797N is due on or before April 15th of the year following the tax year in which the special capital gains or extraordinary dividends were received.

Q: What information is required on Form 4797N?
A: Form 4797N requires information such as the taxpayer's name, address, Social Security Number (or EIN for entities), details of the special capital gains or extraordinary dividends, and calculations of the tax owed.