Hi,
I got two (2) K-1 for a merger and a sell. I'm trying to figure out how I calculate my ordinary income? Is it a number on form 1065 (part 1, 2 or 3)? Or is it on the sales schedule? One of my K-1 has a sale schedule and the other does not. My sale schedule has 7 columns (units sold, sale date, sale proceeds, purchase price, cumulative adjustments to basis, cost basis, percentage long term). I can't seem to find any ordinary gain information.
Is it possible to point me out to where this information is?
Thank you
