sjrcpa
Level 15
07-14-2022
11:28 AM
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The 751 Gain is part of what would otherwise be capital gain on the sale of the partnership interest.
So, if there is a $10,000 gain on the sale and $3,000 is 751 gain, you report $7,000 on Schedule D and $3,000 on 4797.
Ex-AllStar