Bloomberg Tax Planner Export: Chart 3: 1040 Worksheet for Schedule K-1 Activity Export
| Category | Passive | Nonpassive |
|---|---|---|
|
1. Other General Ordinary Income |
total of 1, 2, 3 | total of 1, 2, 3 |
|
2. Rental Real Estate |
total of 1, 2, 3 | total of 1, 2, 3 |
|
3. Other Net Rental Income |
total of 1, 2, 3 | total of 1, 2, 3 |
|
5. Other Interest (portfolio) |
Yes |
|
|
* US Treasury Interest (portfolio) |
Yes |
|
|
* Self-Charged Interest |
Included in 5. Other Interest |
|
|
6A. Ordinary Dividends (portfolio) |
Non-qualified portion |
|
|
6B. Qualified Dividends (portfolio) |
Yes |
|
|
7. Royalties (portfolio) |
Yes (but not tied to an activity) |
|
|
8. Net Short-Term Capital Gain/loss (portfolio) |
Yes, but adds to nonpassive amount on line below |
|
|
8. Net Short-Term Capital Gain/loss (passive/nonpassive) |
Yes |
Yes |
|
9A. Net Long-Term Capital Gain/loss (portfolio) |
|
Yes, but adds to nonpassive amount on line below |
|
9A. Net Long-Term Capital Gain/loss (passive/nonpassive) |
Yes |
Yes |
|
9B. Collectibles (28%) Portion of LT G/L (portfolio) |
|
Yes, but adds to nonpassive amount on line below |
|
9B. Collectibles Portion of LT G/L (passive/nonpassive) |
Included in nonpassive |
Yes |
|
10. Net §1231 Gain/Loss |
Yes |
|
|
11A. Other Portfolio Income/Loss |
||
|
11A. Sch E Other Income/Loss (portfolio) |
|
Added to line 1, nonpassive |
|
11A. Sch E Other Income/Loss (passive) |
Added to line 1, passive |
|
|
11A. Other Interest (portfolio) |
Added to line 5, nonpassive |
|
|
11A. US Treasury Obligation Interest (portfolio) |
Added to line 5*, nonpassive |
|
|
11A. Ordinary Dividends Not Qualified (portfolio) |
Added to line 6A, nonpassive |
|
|
11A. Qualified Dividends (portfolio) |
Added to line 6B, nonpassive |
|
|
11A. Royalties (portfolio) |
Yes (but not tied to an activity) |
|
|
11A. Short-Term Capital G/L (portfolio) |
Added to line 8, nonpassive |
|
|
11A. Short-Term Capital G/L (passive) |
Added to line 8, passive |
|
|
11A. Short-Term Capital G/L (nonpassive) |
Added to line 8, nonpassive |
|
|
11A. Long-Term Capital G/L Not Collect (portfolio) |
Added to line 9A, nonpassive |
|
|
11A. Long-Term Capital G/L Not Collect (passive) |
Added to line 9, passive |
|
|
11A. Long-Term Capital G/L Not Collect (nonpassive) |
Added to line 9A, nonpassive |
|
|
11A. Collectible (28%) L/T G/L (portfolio) |
Added to line 9B, nonpassive |
|
|
11A. Collectible (28%) L/T G/L (passive) |
Included in nonpassive |
|
|
11A. Collectible (28%) L/T G/L (nonpassive) |
|
Added to line 9B, nonpassive |
|
11F. Other Income/Loss |
||
|
11F. Sch E Other Income/Loss (portfolio) |
|
Added to line 1, nonpassive |
|
11F. Sch E Other Income/Loss (passive) |
Added to line 1, passive |
|
|
11F. Sch E Other Income/Loss (nonpassive) |
|
Added to line 1, nonpassive |
|
11F. Net § 1231 G/L (passive) |
Added to line 10, passive |
|
|
11F. Ordinary G/L Form 4797 (passive) |
Yes |
|
|
11F. Ordinary G/L Form 4797 (nonpassive) |
|
Added to line 1, nonpassive |
|
11F. Cancel Debt Income §108(i) (passive) |
Added to line 1, passive |
|
|
11F. Form 1040, P1 Other Inc/Loss (ordinary) |
Yes |
|
|
11F. Other Interest (portfolio) |
Added to line 5, nonpassive |
|
|
11F. US Treasury Obligation Int (portfolio) |
Added to line 5*, nonpassive |
|
|
11F. US Treasury Obligation Int (passive) |
Added to line 1, passive |
|
|
11F. US Treasury Obligation Int (nonpassive) |
|
Added to line 1, nonpassive |
|
11F. Self-charged Int fr K-1 (passive) |
Added to line 5, nonpassive |
|
|
11F. Ordinary Dividend Not Qualified (portfolio) |
Added to line 6A, nonpassive |
|
|
11F. Qualified Dividends (portfolio) |
Added to line 6B, nonpassive |
|
|
11F. Royalties (portfolio) |
Yes (but not tied to an activity) |
|
|
11F. Short-Term Capital G/L (portfolio) |
Added to line 8, nonpassive |
|
|
11F. Short-Term Capital G/L (passive) |
Added to line 8, passive |
|
|
11F. Short-Term Capital G/L (nonpassive) |
Added to line 8, nonpassive |
|
|
11F. Long-Term Capital G/L Not Collect (portfolio) |
Added to line 9A, nonpassive |
|
|
11F. Long-Term Capital G/L Not Collect (passive) |
Added to line 9, passive |
|
|
11F. Long-Term Capital G/L Not Collect (nonpassive) |
Added to line 9A, nonpassive | |
|
11F. Collectible (28%) L/T G/L (portfolio) |
Added to line 9A, nonpassive | |
|
11F. Collectible (28%) L/T G/L (passive) |
Included in passive |
|
|
11F. Collectible (28%) L/T G/L (nonpassive) |
|
Added to line 9A, nonpassive |
| 20AC. Section 199A REIT dividends | REIT Dividends, row 13 | |
| Qualified Business Income: Service Business (Y/N) | Yes | Yes |
| Qualified Business Income: W-2 Wages | Yes | Yes |
| Qualified Business Income: Unadjusted Basis of Prop | Yes | Yes |
| Qualified Business Income: Patron Reduction | Yes | Yes |
Bloomberg Tax Planner wants to calculate qualified business income (QBI). Therefore, the cell in Bloomberg Tax Planner for QBI is not available for import and it is a calculation only. Items such as service business, W-2 wages, and unadjusted basis of property are inputs to the Bloomberg Tax Planner calculation of QBI.
Import/Export/bloomberg_7.htm/TY2021
Last Modified: 02/23/2021
Last System Build: 10/18/2022
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