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
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
- :
- ProSeries Tax
- :
- ProSeries Tax Discussions
- :
- Re: NIIT
NIIT
Options
- Mark Topic as New
- Mark Topic as Read
- Float this Topic for Current User
- Bookmark
- Subscribe
- Printer Friendly Page
AccountantAngel
Level 1
05-07-2022
10:34 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
K-1 from LLC has capital gains from sale of residential rental real estate used in business. Capital gains come over as "From K-1". How do I get the link to this item to show up for the 4797 to indicate it is not subject to NIIT?
Labels
2 Comments 2
TaxGuyBill
Level 15
05-07-2022
11:12 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
If I remember correctly, if it is not subject to NIIT, you need to make a manual entry on line 5b of the 8960.
AccountantAngel
Level 1
05-07-2022
11:35 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Thank you very much!
