abctax55
Level 15
08-26-2021
04:29 PM
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As @JRC & @Terry53029 have pointed out:
The $ 300 shows on the F 1065, page one.
The REST of the gain shows as supplemental info, passed out via the K-1, and will show up on the F 1040 of the partner.
It's the same presentation as when the § 179 expenses was taken in the first place.
"*******Tax software is no substitute for a professional tax preparer*******
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