Welcome back! Ask questions, get answers, and join our large community of tax professionals.
- Topics
- Training
- Community
- Product Help
- Industry Discussions
- User Groups
- Discover
- Resources
See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View ProConnect Hot Topics.
See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View ProConnect Hot Topics.
Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
- Intuit Accountants Community
- :
- ProConnect Tax
- :
- ProConnect Tax Discussions
- :
- Where to Report Income from 1099-S on a 1065
Where to Report Income from 1099-S on a 1065
Options
- Mark Topic as New
- Mark Topic as Read
- Float this Topic for Current User
- Bookmark
- Subscribe
- Printer Friendly Page
tccpg289
Level 4
03-14-2023
06:39 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
If a partnership receives a 1099-S for the sale of a property / asset, should the income be reported on Sch. D or Page 1, Line 1? Just want to ensure it flows correctly to the 1040 when importing into that return.
In other software, there would be a entry for the 1099 itself, whereas ProConnect doesn't seem to have that option.
Labels
1 Comment 1
George4Tacks
Level 15
03-14-2023
07:02 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Pretend there was no 1099S, since there is not specific spot for that form.
My guess is that it was a rental and you were depreciating it. https://proconnect.intuit.com/support/en-us/help-article/federal-taxes/enter-bulk-sale-assets-procon... should contain the HOW TO you need.
Answers are easy. Questions are hard!
