ljwalters Posted March 29, 2009 Report Share Posted March 29, 2009 Have client with Capital gains thru K-1 from Nebraska and I cant figure out how to input into the NE 1040N or the NE Schl-lll. I am in California. Linda and Buddy Quote Link to comment Share on other sites More sharing options...
DougO Posted April 3, 2009 Report Share Posted April 3, 2009 Sorry this is so late - have been too busy to even check the board for several days. Capital gains are taxed as ordinary income to NE except in rare instances. For a non resident you include all NE source income, capital gains included, on line 66 of NE Sch III. Then the adjusted tax is carried to the 1040N. Hope that helps. Doug O Quote Link to comment Share on other sites More sharing options...
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