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Level 2
March 5, 2022
Question

How to Enter A Partner's Distribution In Excess of Basis on a 1040?

  • March 5, 2022
  • 1 reply
  • 6 views

Hello,

I am filing a client's 1065 and 1040. He took a distribution in excess of basis from the partnership, but I cannot figure out how to enter that in the Proseries Basic 1040. Can anyone help? Thank you.

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1 reply

sjrcpa
Level 15
March 5, 2022

ScheduleD/8949

The more I know the more I don’t know.