TaxGuyBill
Level 15
yesterday
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Are you saying you are adding a 6252 to the 1040? Why?
Maybe I'm missing or forgetting something, but isn't the 6252 already on the 1120-S, which is why the proper gain is already on the K-1? A 6252 wouldn't be on the 1040 unless the Individual person made the Installment Sale.