maglib
Level 10

Investors & landlords

@Sam1540  on the disposition of a partnership interest there's section 751 income to be reported that is NOT included in the K-1.  It is entered in the disposition details for the partnership.  The amount can also come from the sale of business assets held 1 year or less.

When you entered the K-1 line 11i  is where you can adjust these amounts to flow correctly.

 

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I am NOT an expert and you should confirm with a tax expert.