Level 11
01-30-2024
12:43 PM
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Bear in mind that your client has to have owned the K-1 entity for a qualifying holding period, too.
I back it out of the K-1 input and enter it as a separate Sch D transaction, then make some entry (can link the Sch D sometimes, or just make an Other Adjustment to Basis in the K-1 input) to get the K-1 basis right.