AccountantAngel a
Level 1
05-07-2022
10:34 AM
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K-1 from LLC has capital gains from sale of residential rental real estate used in business. Capital gains come over as "From K-1". How do I get the link to this item to show up for the 4797 to indicate it is not subject to NIIT?
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TaxGuyBill
Level 15
05-07-2022
11:12 AM
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If I remember correctly, if it is not subject to NIIT, you need to make a manual entry on line 5b of the 8960.
AccountantAngel a
Level 1
05-07-2022
11:35 AM
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Thank you very much!