- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
@Boyan That works. Just be aware that you still need to double-check that your basis hasn't gone below $0 (basis is 'capital account' from Section L plus 'Nonrecourse' liabilities from Section K). TT won't check that, and doesn't provide the needed forms until you uncheck "All of my investment in this activity is at risk"
**Say "Thanks" by clicking the thumb icon in a post
**Note also, I'm not a Tax Preparer/CPA. Just a volunteer, seasoned, TurboTax user.
Use any advice accordingly!
**Note also, I'm not a Tax Preparer/CPA. Just a volunteer, seasoned, TurboTax user.
Use any advice accordingly!
‎January 7, 2023
9:43 AM
1,096 Views