nickbount10
Returning Member

I got a schedule K-1 (form 1065). I have some long-term gains in 9a, which appear as distributions, too, in 19A. What should be the income tax rate on this?

I have long-term capital gains in 9a that also appear as distributions in 19A. I thought these would get taxed at the long term capital gain rate of 15% but turbotax taxed this in 20%.