- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
How to enter in TurboTax "GAIN SUBJECT TO RECAPTURE AS ORDINARY INCOME" from K-1 1065 Sales Schedules/Form FORM 4797 PART II, LINE 10
Hi, I have received a Schedule K-1 1065 form and I have entered the K-1 numbers in Turbotax.
However, within the K-1 form package, there is a page called "SALES SCHEDULE" with a table, and a column called "GAIN SUBJECT TO RECAPTURE AS ORDINARY INCOME" and it says that the amount should be entered onto FORM 4797 PART II, LINE 10 and FORM 8949 COLUMN G.
How do I generate the Form 4797 with Turbotax and enter the value I have on my Sales Schedule? I have entered my K-1 info (boxes 1 to 20) but it did not generate a Form 4797.
Thank you
‎April 16, 2021
1:04 PM