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Hi,

Don't know if this chain is still active. I have a same question on calculating these 4 fields.

This is real estate investment final K-1, partnership was dissolved. Schedule K-1 does not come with any supplemental K-1 or schedule L.  Does come with  the following

"federal statements", 

"Analysis of Partner's K-1, Current Year Net Income (Loss) Worksheet"

"Partner's Section 199A Information Worksheet"

"Partner's Basis Worksheet"

"Partner's Schedule K-1 Activity Worksheet"

Question is what do I enter for 

1) Sale price? - appears amount in the check received.

2) selling expense - $0

3) partnership basis -> don't know how to calculate

4) 1250 gain -> only mention of "1250" is "unrecaptured section 1250 gain", is this what's used? "federal statement" has the following line: "SECTION 1231 GAIN THAT IS UNRECAP SECTION 1250 $ 2,456"

Attaching some of the forms in case it helps. 

Schedule K-1

Federal statements:

Partner's Basis Worksheet

Partner's Schedule K-1 Activity Worksheet

I also have "Analysis of Partner's K-1, Current Year Net Income (Loss) Worksheet" and "section 199A information worksheet" that I didn't attach.

Any help is appreciated.

Thanks