taxesrhard
Level 1
10-07-2022
11:21 AM
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I need some help. My client has some gains in 2021 that were then invested in a QOF. A portion of the gains were from stock gains that were reported on 8949 and then Schedule D. I had no trouble deferring that gain into the OZ. Completing the 8997 was also fairly easy once I tried it.
The problem is trying to defer the K1 gain (sec 1231) from a partnership that ended. This gain goes to 4797, and then to Schedule D line 11. I cannot figure out a way to offset the gain and apply the code and make it flow to the return. I tried a solution that I found online, but this was a solution for Lacerte. Following the steps did not work. I really need a solution. I appreciate any help that I can get.
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