jeffreyeng
Level 3

Hi all,

I received a K-1 with Section 1202 gain, which is reported on Line 10H of the K-1. When I input the Line 10H amount on the K-1 Worksheet though, it does not seem like the Section 1202 gain is being taxed on the individual return. I would expect the Section 1202 gain to be subject to 28% tax and 3.8% Net Investment Income Tax (NIIT). How can I get the software to recognize and tax the Line 10H Section 1202 gain reported on the return?

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