Enter foreign partnership capital gains and losses
Report short-term and long-term capital gains and losses for foreign partnerships on Form 8865, including gains from installment sales, like-kind exchanges, and the partnership's share of gains from other partnerships, estates, and trusts.
- Go toOrganizerand openForeign Information.
- SelectForeign Partnership, thenCapital Gains and Losses. OpenBasic Data.
- Select whether the partnership disposed of investments in a qualified opportunity fund during the tax year.
- Enter the gains and losses for:
- Short-term gain (loss) from installment sales and from like-kind exchanges.
- The partnership's share of short-term capital gains from other partnerships, estates, and trusts.
- Long-term gain (loss) from installment sales and from like-kind exchanges.
- The partnership's share of long-term capital gains from other partnerships, estates, and trusts.
- Enter capital gains distributions and capital gains overrides as needed.noteOverrides entered on line 7, net short-term gain, and line 15, net long-term gain, don't automatically transfer to Schedule K, lines 8 and 9. Enter the Schedule K lines 8 and 9 amounts on the Form 8865 Schedule K Organizer.
- Select the hyperlink to review lines 1 through 3, and lines 8 through 10.
