PMH1403
Level 1
04-11-2019
01:45 PM
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I have a K-1(1065) for an individual client with a footnote indicating that $58K of the amount in box 9a is from assets held three years or less that is associated with an applicable partnership interest. For ProSeries Professional input, can I just subtract $58K from the box 9a (long term) amount and add $58K to the box 8 (short term) amount? Is any disclosure of the change needed on the individual tax return? Thank you.
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