Business & farm

Thanks for your response.  The K-1 is showing the entire sale, not just the installment portion paid in 2024, as a distribution.  Box 9a is showing a capital gain for the entire sale amount.  Box 19a also shows the entire sale amount.

 

There is other information on the K-1, though.  So, are you saying I should remove the K-1 lines related to the sale, add an Installment Sale (For 6252) for the sale, and keep the K-1 items unrelated to the sale?

 

There is a section in the TurboTax Installment Sale interview that purports to link the Installment Sale to an existing K-1 on the return which I did... but it seems to still double-count the capital gains.