In the partnership tax return (Form 1065), capital gains and losses are reported on Schedule K.
To enter capital gains or losses in Form 1065 in TaxSlayer Pro, from the Main Menu of the tax return select:
- Schedule K - Distributive Share Items
- Income (Loss)
-
Net Short-Term Capital Gain (Loss) or
Net Long-Term Capital Gain (Loss) - Click New and enter the capital gain/loss information as needed.
Additional Information:
IRS: Instructions for Form 1065, U.S. Return of Partnership Income