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Anonymous
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Should a limited partnership disposition be recorded on Schedule D or on the K1 worksheet

 
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MichaelL1
Level 15

Should a limited partnership disposition be recorded on Schedule D or on the K1 worksheet

If it is full disposition of the K-1 interest, I like to show it in the K-1 area, as my basis in the K-1 should already be there.  

TurboTax will then carry the amounts to the correct schedules.

I had this question a few days ago and below is the link, that may be very helpful for you.

https://ttlc.intuit.com/questions/3745741

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1 Reply
MichaelL1
Level 15

Should a limited partnership disposition be recorded on Schedule D or on the K1 worksheet

If it is full disposition of the K-1 interest, I like to show it in the K-1 area, as my basis in the K-1 should already be there.  

TurboTax will then carry the amounts to the correct schedules.

I had this question a few days ago and below is the link, that may be very helpful for you.

https://ttlc.intuit.com/questions/3745741

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