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Get your taxes done using TurboTax
@Asia527 I haven't run into that before, so wouldn't want to guess. The K-1 may have more information on how to split things between basis adjustments, Ordinary Income, and Cap Gain. Otherwise, you'd want to follow up with a Tax Professional so you can be sure the right numbers appear on the right forms.
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**Note also, I'm not a Tax Preparer/CPA. Just a volunteer, seasoned, TurboTax user.
Use any advice accordingly!
**Note also, I'm not a Tax Preparer/CPA. Just a volunteer, seasoned, TurboTax user.
Use any advice accordingly!
‎April 7, 2021
12:33 PM
592 Views