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Get your taxes done using TurboTax
@turtax_live Line 20AB in total should match the Ord Gain on the Sales Schedule, and is how you can split it across the K-1s. Your formula for recalculating basis looks correct.
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**Note also, I'm not a Tax Preparer/CPA. Just a volunteer, seasoned, TurboTax user.
Use any advice accordingly!
**Note also, I'm not a Tax Preparer/CPA. Just a volunteer, seasoned, TurboTax user.
Use any advice accordingly!
‎April 3, 2024
7:20 PM
1,192 Views