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#1
04-02-2005, 07:55 AM
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 Re: K1, Installment Sale, Limited Partner "DH" <dfhpjh[at]ix.netcom.com> wrote: - quote - > Parternership sells a rental property on an installment
The partner reports it on the lines the K-1 tells it to> sale. > The limited partner's K1 shows: > net section 1231 gain: $4967 > unrecaptured section 1250 gain $4967 > Which of the following groups of forms must the limited partner use > to report this transaction? > a- 6252 Installment Sale Income > 4797 Sale of Business Property > Schedule D Capital Gains & Losses > b- 6252 Installment Sale Income > Schedule D Capital Gains & Losses > c- Schedule D Capital Gains & Losses report on. -- David M. Woods, EA, ChFC, CLU Woods Financial Services Norwood, MA 02062 www.woods-financial.com << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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04-02-2005, 03:28 AM
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| Re: K1, Installment Sale, Limited Partner "DH" <dfhpjh[at]ix.netcom.com> wrote: - quote - > Parternership sells a rental property on an installment
None of the above. Form 4797 and Schedule D.> sale. > The limited partner's K1 shows: > net section 1231 gain: $4967 > unrecaptured section 1250 gain $4967 > Which of the following groups of forms must the limited partner use > to report this transaction? > a- 6252 Installment Sale Income > 4797 Sale of Business Property > Schedule D Capital Gains & Losses > b- 6252 Installment Sale Income > Schedule D Capital Gains & Losses > c- Schedule D Capital Gains & Losses -- Tom Healy, CPA Boulder, CO Web: http://www.tomhealycpa.com << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#-1
04-01-2005, 06:49 AM
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| K1, Installment Sale, Limited Partner Parternership sells a rental property on an installment sale. The limited partner's K1 shows: net section 1231 gain: $4967 unrecaptured section 1250 gain $4967 Which of the following groups of forms must the limited partner use to report this transaction? a- 6252 Installment Sale Income 4797 Sale of Business Property Schedule D Capital Gains & Losses b- 6252 Installment Sale Income Schedule D Capital Gains & Losses c- Schedule D Capital Gains & Losses Thank you for your comments, Dan Horgan << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
| Tags |
| installment, limited, partner, sale |
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