ThomasM125
Expert Alumni

Deductions & credits

If some of the amount reported on line 9(a) is section 1202 stock and some is not, you need to determine what the total section 1202 stock gain or loss is, and then make  a separate schedule K-1 entry reporting that amount. So, make the K-1 entry reporting everything listed on it, but with the non-section 1202 gain or loss amount in box 9(a). Then do the same entry again, without duplicating any tax related amounts, but just report the section 1202 total gain or loss in box 9(a). 

 

And, of course, indicate on the section 1202 entry that it is section 1202 stock.

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