Level 11
10-12-2020
09:36 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
From a K-1? I personally run them through the 4797, but anything that gets the right treatment (ordinary, non-passive) is acceptable.
If your gross 988 losses (so without netting in the 988 gains) are in excess of $50k, it's a reportable transaction and needs special disclosure.