pbuckman
Level 1
03-15-2025
01:22 PM
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I'm using Turbo tax for busines for the partnership and Pro Series Basic for the 1040. For the 1040, I had overlooked a link from the K1, line 20 code L, to a form where I could reimpute the figures from the the partnership K1 regarding the transaction. I thought there would be a recapture of the depreciation and then a calculation of gain/loss. Duh, when you calculate the sales price as total gain, as is done on the 4797, it is the same thing.