In addition to their K-1, there instructions are add form 4797, Sch D and form 6251.
Anyone dealt with this before?
Anyone dealt with this before?
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I have one client. I think the instructions are there to help people shoe horn the numbers onto a tax return. I think the software will handle most of it. Does it show Sec 1231 gain/loss?In other words, a democratic government is the only one in which those who vote for a tax can escape the obligation to pay it.
Alexis de Tocqueville -
The only time I had to use those forms was when the t/p had sold some or all of their units. Check to see if that's what's going on there. I have a t/p with Oneok and I looked at his instructions. I don't see anything like what you saw.You have the right to remain silent. Anything you say will be misquoted, then used against you.Comment
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Yes, units sold doc titled "2008 Sales Schedule"....
there is table with 9 columns and colunm 7-8 heading is "Gain or Loss Classification" and in the last row under these columns it says Form 4797 Part II, Ln 10 under colunm 7 and Form 1040, Sch D under Column 8. Column 9 last row says Form 6251, line 17Comment
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