Entering partnership Schedule K-1, Box 19B in ProConnect Tax

For more Schedule K-1 resources, check out our Tax topics page for Schedule K-1 where you'll find answers to the most commonly asked questions.

Per Code B - Distribution subject to section 737: The partnership will attach a statement that provides the information the partner needs to compute the recognized gain under section 737; the partnership is required to provide the following information:

• Fair market value of the distributed property
• Amount of money received in the distribution
• Net precontribution gain of the partner

To enter gain on distributions:

1. Complete the Computation of Section 737 Gain worksheet provided in the partner's instructions for Schedule K-1.
2. The gain from the worksheet must be entered by going from the Input Return tab to Income ⮕ Dispositions.