Get your taxes done using TurboTax
OK, so should I change the Sales Information page to be like this?
Sale Price = Gross proceeds to stock sale as listed on 1099B
Partnership basis = Sum of column 7 (Total adjusted cost basis) in Sales Schedule of K-1
Ordinary Gain = Sum of column 8 (Section 751 Gain) in Sales Schedule of K-1, ALSO equal to Box 20AB of K-1
If I enter the above numbers, the next page shows a Short Term Gain of -$4,567
Is this section filled out correctly?
---
Also, I didn't see your answer to my question about filling out the form titled "We need some information about your 199A income" (Please see my previous post with the photo. Do I need to fill out any of the other income fields? Was everything on that form filled out correctly?)
Thank you!
