Limited partnership

[TAX]

Client = Limited partnership
Only one 1099- div recd by LP

I am doing this kind of a return for the first time.

(1) File 1065 for LP

(2) Activity: Assets mgmt

(3) All info from 1099-div
Every thing goes on page 3 except capital gain dist. which goes on sch D

Private bond activity interest - where to enter?
Is this part of Tax exempt interest

Foreign taxes paid?

Can you please confirm

Thanks!

[Roland Slugg]

Private bond activity interest - where to enter?

Schedules K and K-1, line 17f (and attach a schedule explaining what it is).

Is this part of Tax exempt interest

Yes, it's the part subject to AMT.

Foreign taxes paid?

Schedules K and K-1, line 16l.

The capital gains distributions will also wind up on Schedules K and K-1, on line 9a.

[TAX]

The capital gains distributions will also wind up on Schedules K and K-1, on line 9a.[/QUOTE]

Thank you.

I entered capital gain dist from 1099-div on line 10 of sch "D".

on page 3 (sch K) LIne 19 is distribution and NOT capital gain dist.