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Business & farm
Hi, I'm still a bit confused about where to enter my data.
There are two pieces:
1. my brokerage included the proceeds from this sale on the 1099-B they provided me. They provided me with the proceeds from the sale and my original basis. There is a long-term gain reported.
2. the PTP provided me with a sales schedule that includes units sold, sale date, sale proceeds, purchase price, cumulative adjustments to basis, cost basis, gain subject to recapture as ordinary income and amt gain/loss adjustment.
I just don't understand where information from the sales schedule is entered into TT and whether the basis reported by my brokerage requires any adjustment.
I did receive some help from the TT community but I still find myself somewhat uncertain about the correct way to deal with this. Any help would be greatly appreciated.
Thanks!