TerryA
Intuit Alumni

Business & farm

Ah, thanks for the clarification!

The 4797 Part II income should be entered in the TT K-1 Wks Box 11, Code F, enter the total of Code F items, including your amount. The next screen check Section 751(b) Gain or Loss... and enter the amount you have. Section 751(b) sounds scary but you can ignore that - the amount goes to Form 4797 Part II line 10 and that's what we want.

For the 6251 line 17, that's the K-1 Box 17 (AMT items), Code B, Adjusted gain or loss

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