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Get your taxes done using TurboTax
The long-term capital gain from Schedule K-1 is reported with all other capital gains and losses from Schedule D on the Income Summary page under Investment Income (Stocks, Crypto, Mutual Funds, etc.).
You can verify this by reviewing Schedule D Part II Line 12. The total from Part III Line 22 goes to Form 1040 Line 7.
Note that if you have capital loss carryovers from last year, the gain from the K-1 may be offset by the carryover, which is a possible reason for the result to be zero.
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March 21, 2025
4:58 PM