@chiefs19 Just to be sure you understand, you are going to be handling the sale in 2 places: the K-1 interview, and the cap gain/1099-B interview. For the K-1 part, you're only dealing with the Ordinary Gain/Income (col 7/8).
You're unlikely to have any 1250 gain, so unless its discussed in your K-1 somewhere you'd leave that blank.
"Sales price" is the same as column 3, but you set it to 0. You don't enter the sales proceeds here at all. They only show up in the 1099-B
Ordinary Gain is that same as column 7 (regular), or column 7 + column 8 (AMT)
Partnership Basis is set to the inverse of column 7 (so if that's 100, you'd enter -100).
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**Note also, I'm not a Tax Preparer/CPA. Just a volunteer, seasoned, TurboTax user.
Use any advice accordingly!
