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Distributions in Box 19, Notes showing 704(c) gain and a 1245 recapture

I do not know how to input data from my k-1

The distributions listed in box 19 do not change my taxes due.

 

The K-1 notes indicate a 704(C) gain, but I do not know where to enter that in Turbo Tax (Should be reflected on Schedule D)

 

The K-1 notes indicate a 1245 recapture amount but I do not know were to enter that in Turbo Tax (should end up on the 4794 form)

 

Any suggestions

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2 Replies

Distributions in Box 19, Notes showing 704(c) gain and a 1245 recapture

Distributions aren't going to change any taxes due. 704(c) should show on line 20 of your K1.

Distributions in Box 19, Notes showing 704(c) gain and a 1245 recapture

Thanks

The accountant who prepared the K-1 showed a distribution but not 704 c gain.

Part of the distribution was a long-term gain, part was a 1245 recapture

So far, I understand they are taxed at different rates but I do not know how to get them into the Turbo Tax forms

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