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Schedule K-1, box 9c & Box 10 causing double gains reporting
I have equal amounts being reported in both box 9c and Box 10 reporting the sale of a partnership. All of my net 1231 gain is also unrecaptured 1250 gain. In Turbo Tax, my income summary lists my capital gains as the sum of both of these numbers - making my income too high and therefor my taxable income too high. How can I only report the true amount of gain accurately if both of these boxes contain the same numbers? Is there a way to get the capital gains to show as this number... not double the number?
‎April 11, 2020
11:36 AM