Hi,
I bought a fund 2020 (I thought it is ETF) and sold 2021. They sent me schedule k-1 2020 and 2021. I The unit price went up 2020, even I did not sell in 2020, according to the K-1 I made some income so I paid tax in last year's return. Now this year, again I need file it. Here I don't know how I should enter the information in TurboTax online, so it can get it right.
1 When I reach this step, "Describe the Partnership", check any that apply. I selected "This is a publicly traded partnership" and "This partnership ended in 2021".
2 "Describe Partnership Disposal" choose how you disposed of this partership/LLC. I selected "Complete disposition".
3 "Tell Us About Your Sale“. I selected "Sold Partnership interest".
4 "Enter Sales Dates", it asks for purchase date and sale date. I purchased the fund on various date in 2020. More than a year later, I sold them. So I have multiple purchase date. But no where to enter all. Any help?
5 Enter Sale Information, two columns
Regular Gain or Loss; AMT Gain or Loss
Sale Price
Selling Expense
Partnership Basis
Ordinary Gain
1250 Gain
Where can I find this information? Is the sale price the unit price or total sale amount? I own 30 units of that fund.
