- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
@delphisuzanne -- you're welcome. On the tax impact, keep in mind that your total bill for the sale will show up in 3 places: the 1099-B (cap gain/loss), 4797 (ord gain), and Sched E, where TT will have released any passive losses you've been building up from the partnership. Typically the losses flowing to Sched E mostly or entirely offset the Ord Gain on 4797.
**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!
‎June 7, 2019
4:03 PM