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Get your taxes done using TurboTax
I apologize, but I simply don't see any data for "ordinary gain" on any of the MLP K-1s I've been provided. That's something I can calculate, but your answers state that it should be on the K-1 itself, or am I misreading?
My K-1s are like the poster above - they have a column on the Sales Schedule entitled "Gains Subject to Recapture as Ordinary Income", but no "Ordinary Gain". Reading the instructions that come with the Sales Schedule provides no help whatsoever in figuring out what to enter and where to enter it in TurboTax.
My K-1s are like the poster above - they have a column on the Sales Schedule entitled "Gains Subject to Recapture as Ordinary Income", but no "Ordinary Gain". Reading the instructions that come with the Sales Schedule provides no help whatsoever in figuring out what to enter and where to enter it in TurboTax.
‎June 7, 2019
4:05 PM