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Partner Sold Interest to a New Partner. Where do I enter Selling Partners Long Term Capital Gain on Sale
Had a partner contribute 30k in 2018 and they were one of 4 equal partners in an LLC. In 2021 they sold their interest for 45k to a new partner. Trying to figure out where in Turbotax I enter the CAPITAL GAINS that the selling partner realized from the sale.
I figure its going to be line 9A of the K-1, but not sure. Either way just need to know how to edit 9a (or wherever I should put their basis) in TT
Thanks in Advance!
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‎April 3, 2022
8:04 AM