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Should K-1 9b collectable gain also be included in line 9a

 
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Should K-1 9b collectable gain also be included in line 9a

Yes.  The amount reported on line 9b is then used in the Schedule D worksheet to make sure this amount is taxed at the 28% rate instead of the taxpayer's capital gain rate.

*A reminder that posts in a forum such as this do not constitute tax advice.
Also keep in mind the date of replies, as tax law changes.

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1 Reply

Should K-1 9b collectable gain also be included in line 9a

Yes.  The amount reported on line 9b is then used in the Schedule D worksheet to make sure this amount is taxed at the 28% rate instead of the taxpayer's capital gain rate.

*A reminder that posts in a forum such as this do not constitute tax advice.
Also keep in mind the date of replies, as tax law changes.

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