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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.
‎June 7, 2019
4:06 PM