@yangq If you're entering the sales data as outlined in the thread I directed you to, then you're not impacting the 1099-B at all. That's adjusted once to get the correct Cap Gain/Loss for the entire transaction.
All you're doing to capture the sale of the 4 K-1s is:
- marking them for complete disposition via a sale, which releases any suspended losses and
- entering the Ordinary Income associated with each of them
You have to do this for all three companies, since they each have Ord Income (the K-1 with only box 2 income will have 0 Ord Income -- you enter it all on the K-1 with the box 1 income).
Entering this could raise or lower your taxes, by a lot or a little, depending on how much Ord Income and suspended losses you have.
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**Note also, I'm not a Tax Preparer/CPA. Just a volunteer, seasoned, TurboTax user.
Use any advice accordingly!
