mmittanck
New Member

Get your taxes done using TurboTax

@nexchap :  Sorry guess I have another question.  When I study the Sales Sch, I understand the formula.  Cap Gain would be Sales Proceeds minus adjusted cost basis (col 6).  But the number I get seems way to high to me.  In round numbers my situation is:  Sales Proceeds=$22,000, Purch Price=15,000, Cumul Adj to Basis= -17,000, Cost Basis= -2,000, which all yields a cap gain of 24,000.  This seems way too high since I only had 6,000 cash gain on stock sale, 4,000 in partnership distributions and 12,000 in passive losses over a three year period.  This is for Archrock Partners, a PTP MLP.