My client received a Form 8308 with his K-1. In a supplemental information statement it reports the amount of gain attributable to Sec 751 property. Where do I key this? Do I need to key it? Do I attach the Form 8308 to the e-file and manually key the Sec 751 gain somewhere? Or can I just ignore it? I've never seen one of these before, and when I search ProSeries for Form 8308, nothing comes up. Any help would be appreciated. 🙂
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That is reported as ordinary income on 1040 schedule 1, line 8, "other income from K1"
That is reported as ordinary income on 1040 schedule 1, line 8, "other income from K1"
Thanks!
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