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How do I enter a sale on Form 8949 for a 1065 return in ?

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To enter the sale, do the following:

Go to Federal Government Form 8949 - Sales and Other Dispositions of Capital Assets.

Click Input (tab).

In the Federal Information section, enter all applicable information.

The gain or (loss) on page 1, column (h), then flows to Schedule D.

On Schedule D, the Net short-term capital gain or (loss) is reported on line 7 and the Net long-term gain or (loss) is reported on Line 15.

The totals from lines 7 and 15, then flow to the Schedule K-1, line 9a or 11.

The Schedule K-1 is then provided to the tax payer to report on their 1040 return.

 

For more information on sales entered on Form 8949 and how to report them, see IRS Form 1065 Instructions.

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