tammie
Level 3

Client has a partnership K-1 with 330,000 in 1231 gain.  I entered all the data from the final K-1 , then the program directs me to complete page 2 of the K-1 which includes date sold, date acquired, sales price, selling expenses, basis, and calculates the gain as 330,000.  but the program is also adding the 330,000 gain to the total and taxable income.  What am I missing  that I should be entering or checking off to prevent the double income?  Thanks for any help.  Hope all are staying well.

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