K-1 Dividends and Interest income

[zakpatterson]

K-1 dividend and interest income flow through easily to schedule B and should be pretty painless to add.

[tmm1]

K1s can also have capital gains which flow to Schedule D

In some cases the long term gains reported on the K1 have to be reclassified as short term if they don't need a three year holding period (section 1061 faq 3). For those extra entries need to be added to 8949 labeled "Section 1061 Adjustment"