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Level 2
February 28, 2021
Question

my partnership sold qualified small business stock. I did not get a 1099-B. pro connect is not generating schedule D nor form 8949. The gain shows upon on line 11 of the K-1. Does anyone know why

  • February 28, 2021
  • 1 reply
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My partnership sold qualified small business stock and had a gain. I did not get a 1099-B. Proconnect is not generating a schedule D nor Form 8949. The gain shows upon on line 11 of the K-1. Does anyone know why the software is treating it like that?

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1 reply

sjrcpa
Level 15
February 28, 2021

11 and what letter?

 

The more I know the more I don’t know.
askcpa1Author
Level 2
February 28, 2021

It shows up on line 11, code i. However, there is no schedule D or Form 8949.  Do you know why not?

sjrcpa
Level 15
February 28, 2021

What's the description you got for 11 I?

Where did you enter it in PTO?

The more I know the more I don’t know.