Peggy Cobb Posted March 31, 2009 Report Share 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 Link to comment Share on other sites More sharing options...
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