Greg
New Member

Investors & landlords

I have a very simple K-1 that has only a 1231 gain to report.  I did what was suggested and skipped entering the gain on the first screen where we select Code Z.  I then checked the 1231 gain box and entered the amount of gain in the section titled "We Need Some More Information..." (there was a box there for me, which I assume was based on the income I entered).   The error is not cured by doing these steps.   I then tried to enter the amount in the Quick Zoom for line 20 and that does not work.  I also tried to enter on the 1231 Gain line of Sch D1.

 

Would you please provide a step by step guide to solving this.  The alternative is a mail in return and that is not a great option.

 

Thank you very much.