We found two different methods of reporting Section 1231 gains or losses on Part I, Line 2. The first method involves mapping the amount directly from the K-1 Analyzer. However, this method does not report the investments comprising the total amount separately on an attachment, and rather aggregates all amounts as one item or description on Part I, Line 2. The second method takes place directly on Form 4797 through the Form 990-T Module. The user enters each investment and their respective gain or loss manually. Would it be possible to have the K-1 Analyzer map each investment’s gain or loss separately so that the detail comprising the total is shown on an attachment?
