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How to allocate partnership CA 1231 gain/loss in ProConnect Tax
by Intuit• Updated 1 month ago
Starting in 2019, the following input fields have been introduced to the California Miscellaneous section of Partner Miscellaneous Info. within the Partnership return. These input fields are located under the 1231 Gains/Loss Allocation subsection.
Follow these steps to allocate CA 1231 gain/loss in the Partnership return:
- From the Input Return tab, go to Schedule K-1 ⮕ Schedule K-1 Miscellaneous ⮕ California Miscellaneous section.
- Locate the 1231 Gains/Loss Allocation subsection.
- Complete any applicable fields in this subsection.