Level 11
03-18-2023
04:44 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Normally when I see that on a 1065 K-1, it's the partner's share of deferred gain, not the tax calculation. You just need to memo each beneficiary's share anywhere on the K-1, and their tax return preparer determines whether they owe the relevant tax.