Hi,
I don't see it on my listed postings.
Here is what I posted:
How would I answer the TT interview for final K-1?
Reported on 1099B:
Proceed = 1169
Cost Basis = 625
Reported on final K-1:
Average Purchase Price/initial basis = 625
Cumulative Adjust to Recapture as Ordinary Income = 183
AMT Gain/Loss Adjustment = -1
How would I answer TT interview for final k-! sale?
Sale Price ?
Selling Expense = 0
Partnership Basis Regular Gain or Loss
AMT Gain or Loss
Ordinary Gain Regular Gain or Loss
AMT Gain or Loss
1250 Gain Regular Gain or Loss
AMT Gain or Loss
Thank you.
