Investors & landlords

@AjayShahnc 

1. There are 3 numbers that need to be correct:  any K-1 income/loss on Sched E, the Ordinary Gain on form 4797, and the Cap Gain/Loss reported on Sched D.  The first one will be handled by TT if you simply enter in the K-1 correctly.  The second one is populated by TT when you enter it into the K-1 sales section.  But the 3rd can be filled out in a variety of ways (all being valid -- just different ways to get to the same place)  which is why I put together the thread referenced above.  There is no requirement that the Ord Gain show up in col g of 8949, and in the vast majority of cases it won't.  So use the Sales Schedule provided on the K-1 to calculate the cap gain/loss, then adjust as described in that thread.
2. The fine print on each K-1 will tell you if you need to file Sec 751 statements, and the wording.
3. Here's the link to the TT 'Contact Us' page:  https://support.turbotax.intuit.com/contact/