Difference between S corp shareholder K1 Line 8a and 9 (Sect 1231) Gain

[KL369]

As a sole shareholder of an S corp, I can characterize a recent asset sale in the most beneficial legal way. I also personally have a large capital loss carryover from last year. Is there a difference between the Cap Gain shown on K1 Box 8a versus Box 9 as it relates to the passthru to my personal 1040 in order to reduce taxable income by claiming more than $3K of loss carryover?

Thank you

[RobertB4444]

No.  Either of those passthroughs will simply add to your personal capital loss carryforward.  Unless you have some capital gains to offset those losses then you can't use more than $3000 from them.

[KL369]

Thank you @RobertB4444 . Just to clarify the S corp does have a cap gain. And so I'm thinking that when it flows thru K1 to personal 4797/Sch D that it will allow the -$30K Cap Loss carryover  to offset the $23K Cap Gain, reducing 1040, Ln 7 and ultimately AGI. Am I understanding that correctly? 

Thanks again.