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Level 1
October 19, 2020
Question

Where are sales of rental properties inputted within Pro Connect, other than through the Depreciation module - Disposition?

  • October 19, 2020
  • 2 replies
  • 12 views
I inputted through Depreciation module - Disposition - net gains and losses show up on Form 4797, but NOT on main return, and NOT on Schedule K-1 for a subchapter S corporation.
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2 replies

George4Tacks
Level 15
October 19, 2020
Is it on a k-1 statement?
Answers are easy. Questions are hard!
itonewbie
Level 15
October 19, 2020

These flow through to the K-1 when I tried.  You may like to check that you have made all the entries correctly.  Otherwise, send the return to Intuit Support and have them look into that for you.

See this article for more info.  It works the same way for 1120S: https://proconnect.intuit.com/community/form-8949/help/complete-disposition-of-rental-activity-with-multiple/00/3478

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