I am using the Desktop version. Both forms mode and step.
The negative value of Section 1231 gain in the K-1 worksheet column (c) causes the taxable income to go DOWN, which cannot be correct. It does offset LT gains on Schedule D, but that should be it.
If I override the negative sign on column (c) of the K-1, everything seems to be correct, i.e. in Schedule E, Forms 8582, and 4797. Can someone explain why a 1231 GAIN turns up NEGATIVE in column (c) of the K-1 and confirm if this is a TTax error? The IRS thinks so, but before arguing I wanted to get the Community's word of wisdom. I already spend many hours trying all imaginable forensics and cannot find another explanation on my own.
Thanks in advance!
