jjm-cffsllc-com
Level 1
 
0 Cheers
Terry53029
Level 14
Level 14

What flavor K1, normally deprecation recapture is ordinary income, and will be reported on 1040 schedule 1. When you fill out the K1 on the 1040, ProSeries will carry most lines to the correct place. If they don't carry to correct place they will warn you with a single *, then you have to manually put line where it belongs

0 Cheers
Accountant-Man
Level 13

1065 K-1, Unrecaptured Section 1250 gain (included in line above) on line 9c

** I'm still a champion... of the world! Even without The Lounge.
0 Cheers