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Deductions & credits
Yes, the amount shown on Schedule K-1 Line 4a represents your share of the long-term capital gain from the sale of the house. Since the rest of the K-1 is blank, this would appear to be the only activity for tax year 2021.
The date December 31, 2011, refers to special rules that applied to property inherited and sold during 2010, which would not apply to your situation.
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March 3, 2022
5:28 AM