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Business & farm
Thank you so much for your response and confirmed the formula I should use.
Now I know where I should put those numbers in. When I enter K-1 Sale Information, The Partnership Basis is where I should put [purchase price] + [Cum Adjustments](negative in my case), and leave TurboTax do the rest logics and calculation. Hopefully this time I am doing the right thing according your advice. Please confirm that.
I want to give my big thanks to you for your professional advice, patience, detailed step to step instructions and instant response. I cannot finish this think right without your advice. THANK YOU!
Now I know where I should put those numbers in. When I enter K-1 Sale Information, The Partnership Basis is where I should put [purchase price] + [Cum Adjustments](negative in my case), and leave TurboTax do the rest logics and calculation. Hopefully this time I am doing the right thing according your advice. Please confirm that.
I want to give my big thanks to you for your professional advice, patience, detailed step to step instructions and instant response. I cannot finish this think right without your advice. THANK YOU!
‎June 3, 2019
10:30 AM