Exclude gain from sale of K-1 from net investment income tax
To exclude the sale of a K-1 from net investment income tax (NIIT), enter the amount of gain you want to exclude as a negative amount in the
Adj for Sale of ptnr/S corp
field on the ACA
, Gains/Losses
, Other
tab.note
Enter the sale of the K-1 on the
Income
, Cap G/L
, or Form 4797
tab.