kawishiwi
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Thank you! This is a passive LT cap gain. I will handle it by doing an override for Schedule D part II box 12.
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Bumping this post. Turbotax still seems to be ignoring this "Other Income" section, but I think it needs to be reported as a long term cap gain... Input from a ...
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Thank you. To clarify then, our basis in the previous company will be split, pro rata, between the cash proceeds and the proceeds rolled over to the new company...
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Mods: This was meant to be under federal taxes, not state. My apologies.
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Thanks! So does this mean we will still be residents of CO up until we rent a house in MA, even though we won't physically own a home or be in CO for May-July?
Activity Feed for kawishiwi
- Posted Re: 1065 K1 - Box 11 code ZZ, LT Cap gain - not populating in Form 8949 or Schedule D on Get your taxes done using TurboTax. October 15, 2025 11:30 AM
- Posted Re: 1065 K1 - Box 11 code ZZ, LT Cap gain - not populating in Form 8949 or Schedule D on Get your taxes done using TurboTax. October 15, 2025 7:49 AM
- Posted 1065 K1 - Box 11 code ZZ, LT Cap gain - not populating in Form 8949 or Schedule D on Get your taxes done using TurboTax. October 3, 2025 5:32 AM
- Posted K1 disposition - Turbotax not allowing short and long term gains on Get your taxes done using TurboTax. October 3, 2025 3:51 AM
- Posted Re: Tracking basis through an F reorganization of an S Corp on State tax filing. April 15, 2024 6:00 PM
- Posted Re: Tracking basis through an F reorganization of an S Corp on State tax filing. April 11, 2024 6:15 PM
- Posted Tracking basis through an F reorganization of an S Corp on State tax filing. April 11, 2024 6:14 PM
- Posted Re: Part year residency when taking a few months to travel to different states between domiciles on State tax filing. March 25, 2024 8:26 AM
- Posted Part year residency when taking a few months to travel to different states between domiciles on State tax filing. March 25, 2024 7:58 AM