tnguyen5
New Member

Get your taxes done using TurboTax

Hi nexchap, I have a question that I hope you can take some time to answer.

Seems like this year, "sales proceeds" has been changed to "sales price", there is also "selling expense". I enter both as 0.

Then there are "partnership basis", "ordinary gain" and "1250 gain" for both ordinary and ATM. How should I enter these 3 boxes if in my K-1, I have
"adjustments to basis" = -6
"ordinary gain" = 7
"alternative minimum tax basis adjustment" = 0

Thanks,