PhoebeRoberts
Level 11
Level 11

I have mine show up on Part II (bottom section of page 1) of the 4797. 751 gain as proceeds, put a -1 in the 4797 section that says something like "a -1 here forces it to go to the 4797" - it's the first or second field, override the term towards the top to be short-term (to make it ordinary).

 

Is this a publicly traded partnership? Be sure to use the worksheet to get all the pieces right.