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mikelgi1
New Member

2024 K-1 Box 20 from LLC has Z and * STM.

Following page has additional Information, but no 199A Gains or Losses, only 1231 Long term Capital Gains. How do I show Section 1231 Gains in Turbotax?How do I show in Turbotax?

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PatriciaV
Expert Alumni

2024 K-1 Box 20 from LLC has Z and * STM.

Section 1231 gains & losses are generally reported in Box 10 on Form 1065 Schedule K-1. This activity would be included on Form 4797. TurboTax should handle this for you if it's entered for Box 10.

 

 

 

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