Welcome back! Ask questions, get answers, and join our large community of tax professionals.
cancel
Showing results for 
Search instead for 
Did you mean: 

How to enter (1065) K-1 box 11 code B in PTO?

PadrePaddle
Level 2
K-1 (1065) box 11 code b need to go on form 4684 line 34. How to accomplish that in PTO?
0 Cheers

This discussion has been locked. No new contributions can be made. You may start a new discussion here

1 Best Answer

Accepted Solutions
George4Tacks
Level 15

11b indicates an involuntary conversion. You would need to do this as a separate entry in the dispositions screen for the casualty loss. You may have to be creative for things like dates to make it long term. Follow the 1st set of steps for a personal loss https://proconnect.intuit.com/community/individual/help/how-to-enter-a-casualty-or-theft-for-form-46...


Answers are easy. Questions are hard!

View solution in original post

0 Cheers
1 Comment 1
George4Tacks
Level 15

11b indicates an involuntary conversion. You would need to do this as a separate entry in the dispositions screen for the casualty loss. You may have to be creative for things like dates to make it long term. Follow the 1st set of steps for a personal loss https://proconnect.intuit.com/community/individual/help/how-to-enter-a-casualty-or-theft-for-form-46...


Answers are easy. Questions are hard!
0 Cheers