sc non resident

[TAXMAN]

Help please from my SC friends. TP is a full year nonresident of SC. TP received a 1065 K-1. marked as final. The K-1 of ptrship address is SC. The only 2 entries on the K-1 is Box 9a long term capital gain 51K and 19A distributions of same number. On the SC1065K-1 the same number is in Line 9 Col D.(amounts Allocated to SC). ON my SC form (schedule NR) I am showing this number in Col. B line 7. My understanding from TP this was from a sale of real estate held by the ptrship.

My question is can I make use of Line 34(44%reduction) or do I need more info?

I have read over line 7 instructions and line 34 instructions and it appears that I can. Please help.

many thanks

 

 

[Abby Normal]

I'm not a SC preparer, but I had to research this for a client recently, and I agree with you that this LTCG qualifies for it. If SC disagrees, they'll let you know.