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twmw0816aolcom
Level 2
May 30, 2021
Question

How to enter the sale of a K-1 Investment in Lacerte

  • May 30, 2021
  • 4 replies
  • 34 views

I need to enter the sale of a K-1 Investment in Lacerte.  How do you enter a Code F in Schedule D?

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4 replies

George4Tacks
George4Tacks
Level 15
May 30, 2021

Enter the disposition (Screen 17 for 1040) with appropriate dates to make it long term. For Basis Reported to IRS select 2= not on 1099-B

Answers are easy. Questions are hard!
    twmw0816aolcomAuthor
    Level 2
    June 6, 2021

    The Schedule D form displayed the sale of the units.

    The 4797 Form is blank after we entered the information on the Dispositions.

    Did we miss a step?

     

    George4Tacks
    George4Tacks
    Level 15
    June 6, 2021

    What are you really looking for? First you wanted code F, now you want 4797. Give a few more specifics and you may get the help you need.

     

    Answers are easy. Questions are hard!
      George4Tacks
      George4Tacks
      Level 15
      June 7, 2021

      @twmw0816aolcom You may find this thread of interest https://proconnect.intuit.com/community/lacerte-tax-discussions/discussion/mlp-ptp-sales-schedule-adjustments-to-basis-and-gain-subject-to/00/90162

       

      Answers are easy. Questions are hard!
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