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When I enter the S Corp K-1 for an individual, the section 1250 gain is not carrying over to form 1040.

ahockcpa
Level 2
 
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ahockcpa
Level 2

Ahh, I didn't realize an amount had to be under Sec 1231 gain if it was just the sale of real estate.  Thanks so much!

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6 Comments 6
abctax55
Level 15

Not even on Sch D, page 2?

"*******Tax software is no substitute for a professional tax preparer*******
( Generic Comment )"
ahockcpa
Level 2

LOL, you are too funny.  It's not carry to Sch D page 2 as well.  

PATAX
Level 15

I believe this question was asked last year on this forum. Do a search and you should be able to find it and I think an answer was given. If my memory serves me right,  I think the software is doing it correctly, and I think the number may be part of another number ,but I'm not sure. When you find the post then you should find your answer. Just my opinion.

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TaxGuyBill
Level 15

Did you enter Box 9 of the K-1?   That is the key.

 

ahockcpa
Level 2

Thanks!

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ahockcpa
Level 2

Ahh, I didn't realize an amount had to be under Sec 1231 gain if it was just the sale of real estate.  Thanks so much!

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