Level 11
03-19-2023
06:36 PM
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I have mine show up on Part II (bottom section of page 1) of the 4797. 751 gain as proceeds, put a -1 in the 4797 section that says something like "a -1 here forces it to go to the 4797" - it's the first or second field, override the term towards the top to be short-term (to make it ordinary).
Is this a publicly traded partnership? Be sure to use the worksheet to get all the pieces right.