Drake Tax - 1120-S: Capital Gains
Article #: 10112
Last Updated: October 21, 2024
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.