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Get your taxes done using TurboTax
Entering all the data into the K-1 interview will result in the correct tax. BUT, when it comes time to sell, Turbotax will not calculate your correct basis. You'll have to do that using the information provided on the K-1.
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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 10, 2024
5:49 PM