Get your taxes done using TurboTax
OK, thank you for your reply. I will assume that what I entered into the Sale Information page of TT is correct.
After I enter all the information from my K-1 into TT, it notes that I have Section 199A income. I then selected:
The income comes from the partnership that generated this K-1
I assume that is the correct answer? This is a PTP, not sure what a REIT dividend is, so I didn't choose that selection.
After hitting Continue, I get the following screen:]
I entered the Ordinary business income as -1964, which is in box 1 of my K-1 (Ordinary business income)
I entered 1231 gain as -194, which is in box 10 of my K-1 (Net section 1231 gain)
Do I need to fill in any of the other boxes? I have various numbers listed on my K-1 (in photos above), but wasn't sure if I needed to list those here.
Lastly, in response to your statement of: Enter the form 8949 details after completing the K-1 section
When I switch to the 'Forms' display on TT, it shows Form 8949, but I cannot edit it. Am I supposed to be able to edit it somehow?
Thank you!
