Anonymous
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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 -

1099b.png

 

And here's the K-1 Sales Schedule issued by the Partnership -

schedulek1-sales.png

 

Based on the information, I filled out the K-1 interview on TT as per below -

 

tt1.png

 

And this is the final screen -

tt2.png

 

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?