- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
No. Those are the dividends the partnership received, just like Box 1 is the profit/loss for the partnership. As a partner, you report all this on your return. If any of it raises/lowers your taxes, then those items also raise/lower your basis changing what you owe when you eventually sell.
**Say "Thanks" by clicking the thumb icon in a post
**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 9, 2024
2:51 PM