- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
there is no 1250 gain from this (5557) it's all ordinary income which should flow to form 4797 part II line 10
you should reach the qbi section of the K-1 since Turbotax does not use the box 20 info for most things and especially not the QBI info.
the amount reported in box 20 for qbi should match line 1 of the k-1 and is entered in the QBI section on the line for ordinary business income/loss
the 4797 recapture is entered on the line for other income/loss
March 11, 2024
10:06 AM