@nexchap Good question. It was on the TT interview form. "My Sales Worksheet" on my 2 K1's has 11 column's. Up to the 1st 7, seem to be self Explanatory. (Units Sold, Date sold, Sales proceeds, Avg Purchase price, Cumulative Adjustments to Basis, Average Cost Basis , Gain subject to Recapture as Ordinary Income.) Column 8 is headed "Amount Gain/Loss Adjustment" which I took to be the 1250 Gain, 2 partnerships, one is positive and one is a negative number, both very small. Column 9 is % Long Term (100% for us). Column 10 and 11 are headed "Adjusted For Bonus Depreciation" and are for states that do not conform to Federal bonus rules. It appears that Column 8 applies only to Alt Minimum Tax? If so, I will rerun with zero's in both your general method and TT's specific method for 1250 gain and see if i get same answer. These are very confusing to me (and I think a lot of folks), wish TT had put more effort into how to fill these out. (Oklahoma is apparently non conforming, but I did NOT see where TT addressed this in their Oklahoma tax program????)
