Knowledge Base

10112: 1120S - Capital Gains

1120S S corporation

I entered capital gains on the 8949 and/or D2 screen on an 1120-S return; where do they flow? 


Capital gains are separately stated items that carry to Schedule K, Shareholders’ Pro Rata Share Items, and then to each shareholder’s K-1, line 7, 8a, or 10. The amounts are also shown on Schedule D. 

For more information, see the 1120-S Instructions.

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