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Level 2
January 30, 2022
Solved

When I enter the S Corp K-1 for an individual, the section 1250 gain is not carrying over to form 1040.

  • January 30, 2022
  • 6 replies
  • 16 views
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Best answer by ahockcpa

Did you enter Box 9 of the K-1?   That is the key.

 


Ahh, I didn't realize an amount had to be under Sec 1231 gain if it was just the sale of real estate.  Thanks so much!

6 replies

abctax55
Level 15
January 30, 2022

Not even on Sch D, page 2?

HumanKind... Be Both
ahockcpaAuthor
Level 2
January 30, 2022

LOL, you are too funny.  It's not carry to Sch D page 2 as well.  

January 31, 2022

Did you enter Box 9 of the K-1?   That is the key.

 

PATAX
Level 12
January 31, 2022

I believe this question was asked last year on this forum. Do a search and you should be able to find it and I think an answer was given. If my memory serves me right,  I think the software is doing it correctly, and I think the number may be part of another number ,but I'm not sure. When you find the post then you should find your answer. Just my opinion.

ahockcpaAuthor
Level 2
January 31, 2022

Thanks!