- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
@Jim4AU wrote:
.....all the gains hit the K1 as short term, not 60/40 split between short and long. That needs to be addressed.
No, it actually does not need to be addressed. The net gain should appear on Line 11 (C code) of your K-1s. When the partners input the figure on Line 11 (C code) into their individual income tax return, that figure will wind up being transferred to Form 6781 (in each partner's individual income tax return).
‎September 3, 2021
4:22 PM