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Level 1
April 5, 2021
Question

Why do the 1065 K-1's include the Unrecaptured Section 1250 Gain in both 9c and 10 (Net Section 1231 Gain)?

  • April 5, 2021
  • 1 reply
  • 6 views

The 1065 K-1's include the Unrecaptured Section 1250 Gain in both 9c and 10 (Net Section 1231 Gain).  In other words, the K-1's include the Unrecaptured Section 1250 Gain twice. 

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1 reply

sjrcpa
Level 15
April 5, 2021

That's how it is supposed to reported. Of the 1231 gain in 10, xx is unrecaptured 1250 gain per 9c.

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