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Business & farm
@brian2390 wrote:
on the K1 I completed I listed in box 9c 45,865 unrecaptured 1250 gain
on the K1 I completed I listed in box 10 - net section 1231 gain 80,115
is that correct?
The second question:
when bringing that information into my personal 1040 return
Under the K1 information, I clicked disposed of property
Yes, that sounds correct.
Disposed of the property? I don't know exactly what the screen is asking, but I think it is asking if you disposed of your Partnership Interest, not any property that was already reported on the K-1. Again, I can't be entirely sure, but I suspect that is the case so you may want to read that screen a bit more carefully.
‎February 6, 2023
1:50 PM