LDR_Plano
Level 2
07-15-2020
02:39 PM
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In Other Sch. K Items, Other Information, subsection "Net Unrecognized Section 704c Gain/Loss Item N). Enter the beginning and ending amounts. The program will report the partner's share of these amounts on Sch K-1, item N according to the partner's percentage. You may specially allocate this item to each partner if needed by going to the Allocations screen, under "Other (Sch K-1, Box 20) folder. Expand that folder and select Net Unrecog. Sec 704(c) Gain/Loss.