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Entering real estate gains and losses from a partnership K-1 on Form 1040

SOLVEDby IntuitProConnect TaxUpdated July 29, 2022

In ProConnect Tax, follow these steps to enter a real estate gain or loss from a partnership K-1 in an individual return:

  1. Go to the Input Return tab.
  2. Select Income.
  3. Select Passthrough K-1's.
  4. Select Partnership Info (1065 K-1).
  5. Enter the partnership's basic information.
  6. Select the Lines 1–10 tab.
  7. Under section Part III - (Lines 1-10) - Partner's Share of Current Year Income (Loss), enter the amount in the field labeled (2) Net rental real estate income (loss).

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