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See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View ProConnect Hot Topics.
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- Why do the 1065 K-1's include the Unrecaptured Section 1250 Gain in both 9c and 10 (Net Section 1231 Gain)?
Why do the 1065 K-1's include the Unrecaptured Section 1250 Gain in both 9c and 10 (Net Section 1231 Gain)?
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DC2
Level 1
04-05-2021
11:56 AM
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The 1065 K-1's include the Unrecaptured Section 1250 Gain in both 9c and 10 (Net Section 1231 Gain). In other words, the K-1's include the Unrecaptured Section 1250 Gain twice.
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1 Comment 1
sjrcpa
Level 15
04-05-2021
11:58 AM
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That's how it is supposed to reported. Of the 1231 gain in 10, xx is unrecaptured 1250 gain per 9c.
The more I know, the more I don't know.
