renos
New Member

Business & farm

@TurboTaxKarenL2 How do you deal with a complete sale of the scenario you described above? Is there any cost basis for the second K-1 (the one with only Box 2 info)? Or should we just leave sale price, partnership basis, etc. blank for the second K-1, and only fill in/adjust that info for the first ("base") K-1?