askcpa1
Level 1
02-27-2021
07:14 PM
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My partnership sold qualified small business stock and had a gain. I did not get a 1099-B. Proconnect is not generating a schedule D nor Form 8949. The gain shows upon on line 11 of the K-1. Does anyone know why the software is treating it like that?
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sjrcpa
Level 15
02-27-2021
07:38 PM
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11 and what letter?
The more I know the more I don’t know.
askcpa1
Level 1
02-27-2021
07:40 PM
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It shows up on line 11, code i. However, there is no schedule D or Form 8949. Do you know why not?
sjrcpa
Level 15
02-27-2021
07:54 PM
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What's the description you got for 11 I?
Where did you enter it in PTO?
The more I know the more I don’t know.
askcpa1
Level 1
02-27-2021
07:56 PM
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i = Qualified Small Business Stock Gain (Section 1202).
I entered it under schedule D (dispositions)
qbteachmt
Level 15
03-01-2021
06:30 PM
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You just started this New, and yet, you have this topic right here where you are already being helped. You should continue right here, since it is the same subject. Thanks.
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