I'm on the Sale Information page of TT and I'm not sure how to fill it out using my final K-1 form.
Sale Price=?
Partnership Basis=?
Ordinary Gain=?
1250 Gain=?
From the final K-1 I have the following information:
Section L:
Beginning capital acc = nothing
Capital contributed during the year = nothing
Current year income = $ 100 000
Other increase = nothing
Withdrawals = -$100 000
Ending = $0
Part III:
1. $0
2.-$14,634
5.-$1
9c. $10,516
10. $120,000
19.$100,000
20A. $1
20V. $71,635
20Z. STMT
I asked the broker for the information above, but he said everything is on the final K1
Please, help!
