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1099-B & Schedule K1 -- Calculating Regular and AMT Gain or Loss
Hi there,
Can someone please help me out in filling the Schedule K1? I bought this partnership several years ago and sold it all in 2023.
Here's the relevant section of 1099-B that I imported from my brokerage into TT -
And here's the K-1 Sales Schedule issued by the Partnership -
Based on the information, I filled out the K-1 interview on TT as per below -
And this is the final screen -
Can someone please confirm if I'm doing this correctly? Do I need to go back and delete the original entries from 1099-B so it doesn't double report the gains/losses?
Topics:
‎September 21, 2024
11:27 AM