Schedule K-1 (Form 1065), box 8
Box 8: Net short-term capital gain (loss)
Your share of the partnership's net gain or loss on assets held one year or less. Goes to Schedule D, line 5.
What box 8 reports
Your share of the partnership's net short-term capital gain or loss: sales of assets held one year or less.
A number in parentheses is a net loss.
Where it goes on your return
Schedule D, line 5
The common case
Reported on Schedule D (Form 1040), line 5, net short-term gain or loss from partnerships, S corporations, estates and trusts.
When it depends on you
Capital loss limits and carryovers apply on Schedule D. Some items in box 11 (codes S, for example) also go to Schedule D. See the Partner's Instructions.
A real example line
Below, a line written the way the document text arrives, run through the same reader as your upload. The reader matches the box number and the IRS label, then reads the amount, so it still finds the line when the scan is noisy.
| Line as the engine reads it | Box | Recorded value | Status |
|---|---|---|---|
8 Net short-term capital gain (loss) (1,022) | 8 | -1,022 | Read |
Check before you enter it
- A lost parenthesis turns a loss into a gain. K1 FastTax holds ambiguous signs for review.
In the K1 FastTax output
CSV column: box_8. In the checklist a line looks like Schedule K-1 (1065) screen, box 8. All CSV columns.
Official source
The IRS text for every box is in the Partner’s Instructions for Schedule K-1 (Form 1065). Use the edition for the tax year printed on your K-1, because box wording and code lists change.
Plain answers
Questions about box 8
Where does box 8 of a Form 1065 K-1 go on my return?
In the common case box 8 is reported on Schedule D (Form 1040), line 5, net short-term gain or loss from partnerships, S corporations, estates and trusts. See the Partner's Instructions for Schedule K-1 (Form 1065) for the year on your K-1.
What makes a gain short-term in box 8?
Box 8 is your share of the partnership's net gain or loss on assets it held one year or less. Gains on assets held longer are long-term and appear in box 9a.
What if box 8 is a loss?
A number in parentheses is a net short-term loss. Capital loss limits and carryovers apply on Schedule D. A lost closing parenthesis would turn a loss into a gain, so K1 FastTax holds an unclear sign for review instead of guessing.
Can box 11 also hold capital gains?
Some items in box 11, such as code S (non-portfolio capital gain or loss), also go to Schedule D. Check your box 11 lines and the Partner's Instructions so that nothing is missed.
Does box 8 affect self-employment tax?
Capital gains and losses are generally not self-employment income. The partnership reports self-employment earnings in box 14, code A.
Box 8 shows a code or STMT instead of a number. What do I enter?
Box 8 does not normally have codes. STMT or an asterisk means the amount is on a statement attached to the K-1, so read the statement for the figure. K1 FastTax does not guess: it leaves that CSV cell empty, names the box in needs_review and adds the line to the review list. A code letter printed next to an amount in a box that has no codes is held for review the same way, so check it against the paper K-1 and the Partner's Instructions for Schedule K-1 (Form 1065).
Which CSV column holds box 8?
Box 8 is in the box_8 column as a plain number, for example -1022 for a loss. A blank box 8 is an empty cell, not a zero.
Is box 8 the same on a Form 1120-S or Form 1041 K-1?
Net short-term capital gain (loss) is box 7 on a Form 1120-S K-1 and box 3 on a Form 1041 K-1. Box numbers differ between forms, so match the label.
Related boxes
Read box 8 from your own K-1
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