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my partnership sold qualified small business stock. I did not get a 1099-B. pro connect is not generating schedule D nor form 8949. The gain shows upon on line 11 of the K-1. Does anyone know why

askcpa1
Level 1

My partnership sold qualified small business stock and had a gain. I did not get a 1099-B. Proconnect is not generating a schedule D nor Form 8949. The gain shows upon on line 11 of the K-1. Does anyone know why the software is treating it like that?

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5 Comments 5
sjrcpa
Level 15

11 and what letter?

 

The more I know, the more I don't know.
askcpa1
Level 1

It shows up on line 11, code i. However, there is no schedule D or Form 8949.  Do you know why not?

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sjrcpa
Level 15

What's the description you got for 11 I?

Where did you enter it in PTO?

The more I know, the more I don't know.
askcpa1
Level 1

i =  Qualified Small Business Stock Gain (Section 1202). 

I entered it under schedule D (dispositions)

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qbteachmt
Level 15

@askcpa1 

You just started this New, and yet, you have this topic right here where you are already being helped. You should continue right here, since it is the same subject. Thanks.

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