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Get your taxes done using TurboTax
It should still work the same way. As an example, if your Ord Gain is 0, and the AMT adjustment is -20, you'd enter 0 and +20 in the basis row, and 0 and -20 on the Ord Gain row. That will calculate 0 for Cap Gain/Loss in the K-1, but allow TT to take care of transferring the Ord Gain row to the appropriate spots.
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**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
4:04 PM