Skip to main content
Level 1
May 14, 2020
Question

Partnership k-1 Line 20AB where is this gain reported on the 1040

Where do you report a section 751 gain on a 1040 tax return.

The amount was reported on a partnership K-1 AB

The partnership is not publicly traded partnership.

 

This topic has been closed for replies.

2 replies

Level 3
May 14, 2020

You put it as 4797 gain in the K-1 section A, line 8d is how I resolved it.

Level 6
June 16, 2020

Where did you enter it originally - or did you just do an over-ride on the 4797?