strongsilence
Level 11

Is there a Georgia preparer here that knows the answer?

See the image shown below.  This K-1s not from a PTP. The partnership is a trader in financial products and investments.

Why is the income not categorized?   

The TP has 15k of Georgia income (.1275 X 114K) is my interpretation.

The Federal K-1 has only Capital Gains, so I guess this 15K is capital gain income.

I suppose I could ask the firm that prepared this.

 

Screenshot 2022-04-21 114440.jpg

0 Cheers