- My K-1 sales schedule (PTP partial disposition) only shows values in units disposed, Disposition date, Estimated Original Purchase Amount or Cost Basis
- Rest of the fields (like Gain, ordinary gain, capital gain) it is all blank, with instructions to calculate using sales proceed.
- I also received 1099-B (cost basis not reported Form 8949 X) with proceeds and basis and gain/loss N/C
So on Turbotax K1 Disposition form, the instructions indicate to enter sales price 0 on line 5 and basis of zero on line 7 and use 1099-B on schedule D.
- On Turbotax K1 disposition form if I enter 0s instead of actual, what values should I enter in the Total gain (loss), Ordinary gain (loss). Since the K1 sales schedule itself doesn't have any values (just instruction to calculate)
- Should I enter 0 amount (since sales schedule shows it blank even though instructions above schedule table indicates calculating it), OR
- OR should I enter actual gain based on 1099-B data and instructions on K1 sales schedule. (Note entering 0s for sales price and basis, with gain creates 1 extra form 8949 copy)
- Schedule D (1099-B 8949) - should I enter everything same as 1099-B data + replace N/C in Gain/Loss with calculated gain
