I am working on an 1120S and my client has a gain on 4797. It was on the sale of a vehicle. The gain is not being added to ordinary income on 199A Stmt A and therefore not flowing over to my clients K-1 stmt A correctly. I can fix it on the K-1 Stmt A but get an error then on 199A. Anyone else have this issue?
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I have a similar issue. I added the 1245 gain as an adjustment on line 1b of the 199A worksheet and do not get an error message. I had a similar situation in 2019 and the program added the gain as part of the ordinary income. Inconsistent, and not sure if correct, but it worked for the 2020 return