Peggy Cobb Posted March 31, 2009 Report Posted March 31, 2009 I have client who sold several publically traded partnerships. While entering all of the K-1 activity and the gains and losses on these sales I noticed instruction/data on the paperwork from the partnership about entering information on the 4797. All of the K-1 activity has flowed correctly in ATX to line 2 of the 4797 as a net and the other various schedules/forms. But the instructions/attachment from the partnership talk about reporting certain items on Part II, Line 10 fo 4797. They have a column of several units disposed and the total they seem to be saying goes as ordinary income on the 4797. Do I need to enter this data on the 4797? Or is it information on all units sold not just my client's? I did some quick adding and they don't add up to what has been reported. Any help or direction would be greatly appreciated. Thanks, Peggy Cobb Mount Vernon, WA Quote
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