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.