This thread has been extremely helpful, thank you @nexchap and everyone for weighing in! If I understand correctly, assuming the sale is listed as "Cost basis not reported to IRS", you would fill out these details in the K1 sale information...
In the box "Sale price", this is obtained off the 1099
Partnership basis is the "cost basis", box 6 (sum of box 4 and 5)
Ordinary gain, is transferred in as Box 7
It appears the AMT Gain or Loss column, it automatically transfers the partnership basis over.
In mine, I have a number in box 8 (AMT Gain/Loss Adjustment), do I need to add that number to box 7? Or just leave it as what is reported in box 8?
I also have 2 additional boxes with the headline "adjusted for bonus depreciation" and again 2 sections "cumulative adjustment to basis" & "ordinary gain", where do I report those?
