sec 1250 from a K-1

[tammie]

Client's partnership K-1 shows $580,000 section 1250 gain on sale of property.  I enter this on the K-1 in the client's 1040 and nothing changes on the 1040--where is this amount going or is there more that I need to do to get it to show up somewhere?  Any advise will be appreciated.

[sjrcpa]

It is part of the Schedule D tax calculation and may make no difference in your client's situation - depending on income level and amount of capital gain and qualified dividend income.