- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
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.
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.
‎June 7, 2019
4:04 PM