Drake Tax - 1120-S: Capital Gains

Article #: 10112

Last Updated: October 21, 2024

 


Tags: Drake Tax1120S

Drake Tax logo

Where capital gains entered on screen 8949/D2 flow to on Form 1120-S

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.