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Get your taxes done using TurboTax
OK, for the AMT Gain/Loss column:
I added 372 to the partnership basis (56806) = 57178
I subtracted 372 from the Ordinary Gain (3602) = 3230 (Note: This was what I was told to do on my other K-1, so am assuming that is correct?)
So now the Sale Information page looks like:
Sale Info with new AMT
It did not make a difference to my taxes, and both the Regular Gain/Loss and AMT Gain/Loss are both still equal to 4567.
Thank you!
March 31, 2025
10:10 AM