mjain135
Level 1

Hello everyone! How should I input Section 751 gain (Code 20AB ON K-1) on individual module? is there any link where I can find step by step instruction to input the 751 gain  in Lacerte?

The cost basis of the sold units is not reported to the IRS but the broker provided the cost basis in the attachment to 1099-B. The cost basis provided by the broker  is different from what it is reported on sales schedule. Should I ignore the cost basis provided by the broker and just use the one stated on Sales schedule?

 

Thanks for your help!

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