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Level 1
September 22, 2020
Question

Unrecaptured Sec 1250 gain on a K-1. 1250 worksheet is generated and shows $12,477 on line 18 (to be entered on Sch D line 19). Amount not carrying to Sch D. Any ideas?

  • September 22, 2020
  • 1 reply
  • 10 views
Worksheet calculates and appears to be accurate. Where end result is calculated, showing $12,477, it states to enter on Sch D line 19. Pulling up Sch D, there is no amount on line 19. Can't figure out where, if any, there is some calc or override to keep it from carrying through. Any thoughts on why the program wouldn't carry the amount directly to Sch D as the form/worksheet states?
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1 reply

itonewbie
Level 15
September 23, 2020

Did you review the Qualified Dividends and Capital Gain Tax Worksheet and check your client's marginal tax rate?

---------------------------------------------------------------------------------Still an AllStar