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Get your taxes done using TurboTax
I sold all positions in 2019 through my brokerage account. The K-1 includes a 2019 Sales Schedule that reflects those sales. After entering these figures into TT, I see TT treats the sale as a Sale of Business Property, reflecting the total shown on the K-1 schedule mentioned from column 7 "Gain Subject to Recapture as Ordinary Income". Is TT treating this correctly as a Sale of Business Property?
‎April 23, 2020
9:59 AM