dgsiegel
Returning Member

k-1

I received a final k-1 for Limited Partnership that I used to work at.  I did not invest any money ($0 basis) but the business was sold in 2023.  I was money from the sale for a small interest I had in the business.  The K-1 I received only lists 

5- Interest income

9a- Net Long term capital gains

19- Distributions

20- A & B

 

How do I answer the TT questions Sale price, Partnership Basis, Ordinary Gain, 1250 Gain?  Basis I can assume is $0 (I looked back at the prior K-1). But it does not allow me to enter Long Term Gain ... only Ordinary Gain

 

Any guidance would be greatly appreciated.