Thank you for the additional details!
In TurboTax for prior years, where would the basis be input and attached?
I am concerend as I have input to TT the same each year and have never seen anything
like that being needed. There is nothing to check or input an amount.
I went to look at the schedule from prior, the box for attaching that is Not checked.
The K-1's we get have only line 1 and line 17 populated. We then file a combined 1040.
(Married, the business is 50/50 split)
In what instances is this Not required? Could we possibly not need to do this?
Thanks!!
