Georgia Partnership K-1 is a mystery to report on 1040
Is there a Georgia preparer here that knows the answer?
See the image shown below. This K-1s not from a PTP. The partnership is a trader in financial products and investments.
Why is the income not categorized?
The TP has 15k of Georgia income (.1275 X 114K) is my interpretation.
The Federal K-1 has only Capital Gains, so I guess this 15K is capital gain income.
I suppose I could ask the firm that prepared this.

