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Get your taxes done using TurboTax
Reporting the sale of a PTP is a combination of the typical 1099-B interview, and the K-1 interview. If you did not have any Ordinary Income on the sale, then just enter 0 for everything on the K-1 and handle it through the 1099-B interview. If you had Ordinary Income, this thread can guide you on how to enter it and not wind up with a double-reporting problem: https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/how-i-report-the-sale...
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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!
March 16, 2022
4:57 PM