you do not use line 2 on the one k-1. The -385 is entered only on line 1. TurboTax does not accept entries on multiple lines 1, 2 or 3
$3759 is the correct number on the 4797 because it is the 751 recapture from both k-1's
for the one we're dealing with
In the AMT column, you enter 21 as basis and 136 as ordinary gain
^^^^^^^^^^^^^^^^^^^
on schedule D, you enter your sales price. your basis is 49683+157+152 (line 13k) (as per instruction for column 5)
as to column 7 instructions, entering a negative 157 in column G (code B) on the 8949/schedule D is the same as adding to your basis. that's the way I do it because basis is not reported to the IRS by the broker.
HERE'S WHAT THE FORM 8949 INSTRUCTIONS SAY TO DO WHEN THE BASIS (AS REPORTED ON 1099-B) IS WRONG
• If this transaction is reported on a Part I with box B (SHORT-TERM -UNCOVERED ) checked at the top, enter the correct basis in column (e), and enter -0- in column (g). AND ENTER ADJUSTMENT CODE B
YOU CAN'T ENTER 0 IN COLUMN G OR USE CODE B IN THE ONLINE VERSIONS.
