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I don't see my question regarding final K-1 and 1099B show up on the community page. How do I answer TT interview on a final K-1 and 1099B sold on a public traded LLC?

 
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2 Replies

I don't see my question regarding final K-1 and 1099B show up on the community page. How do I answer TT interview on a final K-1 and 1099B sold on a public traded LLC?

Use this link for your User ID and you will see a listing of your posts - https://ttlc.intuit.com/community/user/viewprofilepage/user-id/5239581

I don't see my question regarding final K-1 and 1099B show up on the community page. How do I answer TT interview on a final K-1 and 1099B sold on a public traded LLC?

Hi,

I don't see it on my listed postings.

Here is what I posted:

 

How would I answer the TT interview for final K-1?

Reported on 1099B:

Proceed = 1169

Cost Basis = 625

 

Reported on final K-1:

Average Purchase Price/initial basis = 625   

Cumulative Adjust to Recapture as Ordinary Income = 183

AMT Gain/Loss Adjustment = -1

How would I answer TT interview for final k-! sale?

Sale Price ?

Selling Expense = 0

Partnership Basis    Regular Gain or Loss

                                   AMT Gain or Loss

Ordinary Gain         Regular Gain or Loss

                                   AMT Gain or Loss

1250 Gain                Regular Gain or Loss

                                   AMT Gain or Loss

Thank you.

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