Entering real estate gains and losses from a partnership K-1 on Form 1040

In ProConnect Tax, follow these steps to enter a real estate gain or loss from a partnership K-1 in an individual return:

1. Go to the Input Return tab.
2. Select Income.
3. Select Passthrough K-1's.
4. Select Partnership Info (1065 K-1).
5. Enter the partnership's basic information.
6. Select the Lines 1–10 tab.
7. Under section Part III - (Lines 1-10) - Partner's Share of Current Year Income (Loss), enter the amount in the field labeled (2) Net rental real estate income (loss).

Related topics:

• Sourcing income for a multi-state passthrough K-1 in ProConnect
• Entering tax withheld for a partnership or S-Corp K-1 in ProConnect Tax
• How to import a K-1 in ProConnect