Exclude gain from sale of K-1 from net investment income tax

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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.

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