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Level 1

Question

How to report loss on property sales (partnerships) where no K-1 are being issued due to receivership liquidation from SEC action?

Forum|Forum|7 years ago
June 1, 2019
1 reply
7 views

No text available

Level 15

Type 'sale of business property' in the Search/Find window, then 'Jump to sale of business property'.

Leave the first box checked, and Continue.

You can enter Sales Price, Cost (Basis) and Depreciation taken on the property, allocated for your % of the partnership (screenshot).

The loss will be reported on Form 4797, Schedule 1, and Form 1040.

Here's more info:

https://ttlc.intuit.com/replies/6696619

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