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.
  1. Go to
    Organizer
    and open
    Foreign Information
    .
  2. Select
    Foreign Partnership
    , then
    Capital Gains and Losses
    . Open
    Basic Data
    .
  3. Select whether the partnership disposed of investments in a qualified opportunity fund during the tax year.
  4. 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.
  5. Enter capital gains distributions and capital gains overrides as needed.
    note
    Overrides 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.
  6. Select the hyperlink to review lines 1 through 3, and lines 8 through 10.

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