Thank you SO much for your help! I could not have done this without you.
One last question (I hope!):
I received IRC Section 751 Statement along with my K-1 which states: if you sold units during 2024 and characterized a portion of the gain as ordinary income, you must attach this IRC Section 751 Statement to your 2024 tax return.
TurboTax did not mention anything about this 751 statement. Can I assume that because my transactions resulted in a net loss (not any gain), that I will not have to attach this statement to my tax return? As you can see above, my Sales Schedule shows $3602 in column 8, which is Section 751 Gain, Ordinary Income. However, my overall transactions are a loss.
Thank you!
