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Sale of interest in an S-Corp or Partnership

Jo_F
Level 2

In ProConnect, how do I enter the sale of interest/stock in an activity (S-Corps and Partnership).so that the gain from the sale populates on line 2a of Form 6198 At-Risk Limitations. I entered it on the  Quick Entry: Dispositions page, and it flows to Form 8949:Sales and Dispositions of Capital Assets, but it is not flowing to the At-Risk Limitations page to capture the remaining suspended loss.

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George4Tacks
Level 15

Click Details > in the upper right click the dots to get to Less Common Scenarios > Scroll down to "Corresponding Activity Information - Passive (8582) / At-Risk (6198) / Investment Tax (8960) / Qualified Business Income (QBI)" and link it to the K-1 activity by using the dropdown. You may need to do something with the next section regarding 8960


Here's wishing you many Happy Returns

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4 Comments 4
George4Tacks
Level 15

Click Details > in the upper right click the dots to get to Less Common Scenarios > Scroll down to "Corresponding Activity Information - Passive (8582) / At-Risk (6198) / Investment Tax (8960) / Qualified Business Income (QBI)" and link it to the K-1 activity by using the dropdown. You may need to do something with the next section regarding 8960


Here's wishing you many Happy Returns
Jo_F
Level 2

I had just found that, and linked it to the correct K-1, and checked include in At-risk Limitations, but it still isn't showing up there.

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Jo_F
Level 2

Thank you.  I knew when I found that it had to be the answer, and you confirmed it.  I finally figured out that I had the box checked to delete this year instead of next year.

George4Tacks
Level 15
Been there.
Done that!

Here's wishing you many Happy Returns