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Get your taxes done using TurboTax
The box "Check if decrease is due to sale or exchange of partnership interest" will be checked if you sold or exchanged all or part of your partnership interest to a new or pre-existing partner during this tax year, regardless of whether you recognized gain or loss on the transaction(s). You may have realized a gain or loss on the transfer or disposition of your interest. See codes AB, AC, and AD on line 20 for items that have special gain or loss treatment.
March 24, 2021
12:10 PM