Error on K-1?

Discussion in 'Professional Trading' started by Kensho, Apr 13, 2006.

  1. Kensho


    I think there is an error on my K-1. My P/L shows up on Net Short-Term Capital Gain (Loss) in Box 8 instead of Ordinary Business Income (Loss) in Box 1. I think this is an error cause I got two K-1s and one shows my P/L in Box 1 (Ordinary Income) and the other shows my P/L in Box 8 (Capital Gains/Loss).