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Get your taxes done using TurboTax
Hi, nexchap
I got a MLP final K-1, because I sold all the shares last year (Publicly traded partnership). I am using online version for 2017 return, and I would like to use your method, since my broker reported the sales on it's 1099-B.
However, during the K-1 interview, what should I do to get the "ordinary gain" section you mentioned in the post.
In the very begging, TT asked the following question:
Describe the Partnership
[] This is Publicly traded partnership
[] ...
[] This partnership ended in 2017.
[] ...
If I click "This partnership ended in 2017.", then it asked "how you disposed of this partnership/LLC?"
[] No entry
[] Complete dispostion
[] Disposition not via a sale
[] Sold and am receiving payments
Basically, I do not know how to get "ordinary gain" section you mentioned.
Could you please help me out?
Thanks!
I got a MLP final K-1, because I sold all the shares last year (Publicly traded partnership). I am using online version for 2017 return, and I would like to use your method, since my broker reported the sales on it's 1099-B.
However, during the K-1 interview, what should I do to get the "ordinary gain" section you mentioned in the post.
In the very begging, TT asked the following question:
Describe the Partnership
[] This is Publicly traded partnership
[] ...
[] This partnership ended in 2017.
[] ...
If I click "This partnership ended in 2017.", then it asked "how you disposed of this partnership/LLC?"
[] No entry
[] Complete dispostion
[] Disposition not via a sale
[] Sold and am receiving payments
Basically, I do not know how to get "ordinary gain" section you mentioned.
Could you please help me out?
Thanks!
‎June 7, 2019
4:03 PM