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Get your taxes done using TurboTax
usually the 1231 gain line 10 of the k-1
if box D on the k-1 is checked the description will be from PTP otherwise from k-1.
the k-1 has no details for columns b through f only the net is reported on the k-1
no "capital gain" on line 11 should transfer to the 4797
you are correct Turbotax just transfers totals to the 4797. not even a calculation worksheet to show how multiple k-1s add up to the total.
i think better form would be to list each k-1 amount separately with the name but this is the way it's been doing it for decades.
‎November 23, 2024
9:25 PM