See attachment-1 for specifics.
You'll need to sign in or create an account to connect with an expert.
The "Basis of Partnership Interest" is what you paid for the investment, less any cash distributions you received plus your share of any income reported on the Schedule K-1s from 2015 and 2016.
The "Basis of Partnership Interest" is what you paid for the investment, less any cash distributions you received plus your share of any income reported on the Schedule K-1s from 2015 and 2016.
The "Basis of Partnership Interest" is what you paid for the investment, less any cash distributions you received plus your share of any income reported on the Schedule K-1s from 2015 and 2016.
Since I've been doing my taxes with TurboTax since 2015, it's frustrating that TurboTax just can't do the math from those previous tax forms.
It's not the responsibility of TT to maintain the basis of a partner's interest in the partnership.
That is the partner's responsibility.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
Fernanag
New Member
fillini00
Level 2
fillini00
Level 2
palmtree33
New Member
joycesyi
Level 2
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.