Please help me to understand this:
Purchased ET: 22000 units around August 2020 for $142,492, 13000 units at 3/18/2020 for $53,096.
Sold All on 4/5/2021 and 4/8/2021
22000 units for $169,487
13000 units for $99,806
Bought 6960 units from July to Dec. of 2021 for$63,548
First question, is this partial sale or full sale?
My K1 sales work sheet has:
Units sold 35000 unit, purchase price 195,295
Cumulative adjustment -14,612
Average cost basis 180,683
Gain subject to recapture 68,638
AMT adjustment 135
Percentage long term 37%
Adjusted for bonus depreciation cumulative adjustment to basis 13,480
Gain subjected to recapture 44,691
Question 2: why is recapture this high? Is this correct?
How should I report using TT?
