- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Energy Transfer (ET) Final K1
I sold my units of ET last year and I got Final K1.
ET has like 5 k1 within one big K1.
My guess is Sales figures (sale same as ordinary income and other boxes 0 in order to prevent TT to create a duplicate 8949) will go to main ET entity.
Q: In Turbo Tax interview question how should I answer Final K1/Complete disposition about partnerships which ended in 2024 along with ET but they are listed within ET?
Complete disposition?
sales and purchase dates? same as main ET
Q: How should I answer sale interview question for other 4 ET entities, Just add 0 for all boxes Sale prices, partnership basis and ordinary gain?
K- Sale Information
In general you only enter Sale and Ordinary gain info. Does it matter if you leave other boxes blank or have to enter 0 in them?
AMT gain and loss
If my column 7/Gain subject to recapture as ordinary income is = 5000 (made up number)
Column 8/AMT gain/loss Adjustment = -100
Q: I should be entering -4900 as AMT gain/loss with TT interview section of K1?