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New Member
posted Jun 4, 2019 12:51:36 PM

What is "Basis of Partnership Interest" in Part II Line 7? Getting error message looking for input. What is it looking for and where do I find the answer?

See attachment-1 for specifics.

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1 Best answer
New Member
Jun 4, 2019 12:51:38 PM

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.


4 Replies
New Member
Jun 4, 2019 12:51:38 PM

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.


New Member
Jun 4, 2019 12:51:40 PM

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.


Level 1
Mar 27, 2020 1:39:59 PM

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.

Level 13
Mar 27, 2020 2:07:37 PM

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.