K-1 filled out but shows zero on step-by-step and zero on Schedule E (2025 return)

[CarolinaJay]

I am a partner in an LLC which has generated some capital gains over the last year.  I received a K-1 from the LLC treasurer and have entered all the info.  But on the Step-by-Step page, it shows zero, and nothing is showing up in Schedule E.  What am I doing wrong?

[ThomasM125 · Accepted solution]

The capital gains would not show on your Schedule E, page two. They would be listed on your Schedule D Capital Gains and Losses and possibly on Form 8949 Sales and Other Dispositions of Capital Assets.