flroots
Returning Member

Get your taxes done using TurboTax

Thanks. I just completed the K-1 interview process and found a few errors and missing data.

I also set the basis equal to proceeds in form 8949, box B. Won't this be a flag to IRS with the proceeds and cost basis exactly equal? I have found no way within Turbotax to simply delete the form 8949 in question.

Finally, where do you apply the number in column 8 of the sales info (AMT gain/loss adjustment) when conducting the K-1 interview? For example is it subtracted from AMT cost basis or perhaps added to the AMT ordinary gain? Thanks again.