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When to use net long-term capital gian versus 9a passive long-term capital gain
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When the capital gain is from the sale of an asset used in a passive activity.
If the K-1 doesn't specify, and it's not obvious from other facts personally known to me, I treat capital gains as nonpassive. For all those dumb hedge fund K-1s with a million lines, it's nonpassive unless there's a footnote to the contrary.
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