FORM 4797N - Nebraska Department of Revenue 2026

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The document is Form 4797N for the year 2022, used in Nebraska for making a Special Capital Gains/Extraordinary Dividend Election. It outlines the process for individuals to elect to exclude certain capital gains and extraordinary dividends from their taxable income. The form requires detailed information about the individual making the election, the corporation involved, and specifics regarding the capital stock or dividends in question. It includes sections for computation of exclusions and eligibility criteria for both employees and their descendants.

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Click ‘Get Form’ to open FORM 4797N in the editor.
Begin by entering your name and Social Security Number as they appear on Form 1040N or Form 1041N.
If you are making an election, complete Part I by providing the name of the corporation and a description of the capital stock sold.
Fill in the acquisition dates for the capital stock and employment period if applicable. Ensure all dates are formatted correctly.
Proceed to the Exclusion Computation section. Enter sales price, cost basis, and calculate capital gains as instructed.
For extraordinary dividends, provide fair market value and dividend amounts, ensuring calculations meet eligibility criteria.
Review all entries for accuracy before saving your completed form. Use our platform's features to sign and distribute your document easily.

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Versions	Form popularity	Fillable & printable
2022	4.2 Satisfied (28 Votes)
2021	4.8 Satisfied (70 Votes)
2020	4.3 Satisfied (105 Votes)

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What is an extraordinary distribution?

Extraordinary Distribution means the distribution by the Previous General Partner, by dividend or otherwise, to all holders of its REIT Shares of evidences of its indebtedness or assets (including securities) other than cash.

What is Nebraska employee tax rate?

Nebraska State Payroll Taxes The 2022 tax rates range from 2.46% to 6.84%. There are no local taxes, so all of your employees will pay the same state income tax no matter where they live.

How should I mail my tax return?

Mailing Tips Write both the destination and return addresses clearly or print your mailing label and postage. If your tax return is postmarked by the filing date deadline, the IRS considers it on time. Mail your return in a USPS blue collection box or at a Postal location that has a pickup time before the deadline.

What is Nebraskas income tax?

6.94% Rank: 29 Click for a comparative tax map!

What states do not require you to file a tax return?

Alaska, Florida, Nevada, South Dakota, Tennessee, Texas, Washington, and Wyoming dont have income tax. If youre a resident of one of these states, you dont need to file a return in that state.

Are Nebraska taxes high?

In overall tax burden, Nebraska has become a high tax state. We are ranked near the top third both per capita and as a percent of personal income.

Are special dividends taxable?

How Are Special Dividends Taxed? Special dividends, whether paid out as cash or stock, can be taxed as a capital gain distribution to stockholders but portions of a special dividend may be taxed as ordinary income instead. This will vary depending on how the special dividend is structured and the company paying it.

What is the Nebraska income tax rate for 2022?

6.24% for taxable years beginning on or after January 1, 2025, and before January 1, 2026; 6.00% for taxable years beginning on or after January 1, 2026, and before January 1, 2027; 5.84% for taxable years beginning on or after January 1, 2027.

FORM 4797N - Nebraska Department of Revenue 2026

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