RobertB4444
Expert Alumni

Get your taxes done using TurboTax

1.  Liquidated Partnership Interest

2.  Yes, those dates will work fine.

3.  Sale price is the amount you received.  Your basis should appear in the left hand column of the K-1 showing your basis at the beginning of the year and the transactions that occurred during the year to increase or decrease your basis.  Selling expense was zero, and you enter the gain as the type of income that is reported to you on the K-1.  Enter the exact same gain in the AMT space as the regular.

 

@mellynlee1 

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