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Where do I key Form 8308?

Wolcott CPA
Level 2

My client received a Form 8308 with his K-1. In a supplemental information statement it reports the amount of gain attributable to Sec 751 property. Where do I key this?  Do I need to key it?  Do I attach the Form 8308 to the e-file and manually key the Sec 751 gain somewhere?  Or can I just ignore it?  I've never seen one of these before, and when I search ProSeries for Form 8308, nothing comes up.  Any help would be appreciated. 🙂

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Terry53029
Level 12
Level 12

That is reported as ordinary income on 1040 schedule 1, line 8, "other income from K1"

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2 Replies 2
Terry53029
Level 12
Level 12

That is reported as ordinary income on 1040 schedule 1, line 8, "other income from K1"

View solution in original post

Wolcott CPA
Level 2

Thanks!