We are waiting on K-1 to complete a 1040. For the K-1, we were provided: rental income, LT capital loss, deprec recapture. Where do I enter the depre recap on the K-1?

jjm-cffsllc-com · ‎10-15-2021

Terry53029 · ‎10-15-2021

What flavor K1, normally deprecation recapture is ordinary income, and will be reported on 1040 schedule 1. When you fill out the K1 on the 1040, ProSeries will carry most lines to the correct place. If they don't carry to correct place they will warn you with a single *, then you have to manually put line where it belongs

Accountant-Man · ‎10-15-2021

1065 K-1, Unrecaptured Section 1250 gain (included in line above) on line 9c

** I'm still a champion... of the world! Even without The Lounge.

We are waiting on K-1 to complete a 1040. For the K-1, we were provided: rental income, LT capital loss, deprec recapture. Where do I enter the depre recap on the K-1?

©1997-2024 Intuit, Inc. All rights reserved.

Intuit, QuickBooks, QB, TurboTax, and Mint are registered trademarks of Intuit, Inc. Terms and conditions, features, support, pricing and service options subject to change without notice.

By accessing and using this page you agree to the Terms and Conditions.