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See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View ProSeries Hot Topics.
See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View ProSeries Hot Topics.
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- Re: NIIT
NIIT
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AccountantAngel
Level 1
05-07-2022
10:34 AM
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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?
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TaxGuyBill
Level 15
05-07-2022
11:12 AM
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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
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Thank you very much!
