Thanks for your reply. Just so I understand it correctly, from the Sales Schedule, I have a Cost basis of $3916, Gain Subject to Recapture as Ordinary Income of $472, and AMT Gain/Loss Adjustments of -$120. On the K-1 for the sale I would have a Sale Price of $0, Partnership Basis (Regular) of $-472 and (AMT) of $-352, and include the 1250 Gain from the Sales Schedule for Unrecaptured Section 1250 Gain column. On the 1099-B, I would have a Total Cost Basis of $4388 ($3916 plus $472) no other entries in the Total Adjustments to Gain box.
