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Get your taxes done using TurboTax
My K-1 sale information for LP has Purchase Date as Various and Sales Date as 03/30/2022. When I entered Sale Price, Partnership Basis, and Ordinary Gain, it always shows the Gain/Loss as Short Term Gain/Loss while the box 9 PERCENTAGE LONG TERM on my K1 is not 0% nor 100% of Long Term. I'm not sure how to enter the information so that it will put the correct amount for the short term and the long term.
Any help is greatly appreciated!
March 17, 2023
8:51 AM