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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.
**I don't work for TT. Just trying to help. All the best.
***Say "Thanks" by marking as BEST ANSWER and clicking the thumb icon in a post and that I solved your question
**Mark the post that answers your question by clicking on "Mark as Best Answer" I am NOT an expert and you should confirm with a tax expert.
***Say "Thanks" by marking as BEST ANSWER and clicking the thumb icon in a post and that I solved your question
**Mark the post that answers your question by clicking on "Mark as Best Answer" I am NOT an expert and you should confirm with a tax expert.
March 14, 2025
11:29 PM