Capital gains and losses are reported on Schedule K of a Form 1065 Partnership return. To enter capital gains or losses on a Form 1065 Partnership return, from the Main Menu of the Tax Return (Form 1065) select:
- Schedule K – Distributive Share Items
- Income (Loss)
- Net Short-Term Capital Gain (Loss) or
Net Long-Term Capital Gain (Loss)
Additional Information:
Instructions for Form 1065, U.S. Return of Partnership Income