@nexchap
Thank you for the response. That does make sense and seems very helpful.
K-1’s have caused me more difficulty than anything else regarding TurboTax.
I thought I had imported the data for that SHLX K-1, so I checked. On the TurboTax “File” menu I chose “Remove Imported Data” and I see two other K-1’s (and my W-2, various 1099’s, etc.). I do not see the K-1 for this SHLX. Evidently I typed the data in via the interview. I recall this being the last form that I needed prior to filing. When I originally downloaded, I obtained a PDF, but I did not have a “*.txf” file, so again, I must have typed it in.
I plan to try two approaches to see what I can learn about this.
- Today I was able to download a “*.txf” file. So if I have to do amended returns, one option would be to just delete the old K-1 and import from the “*.txf” file.
- Another option is to do as you described; that is to go to the “Enter Sale Information” part of the interview and clear all the values.
- In the “Regular Gain or Loss” column I see the “Sale Price” [28,080] and the “Partnership Basis” [22,060]. The difference is 6,020.
- In the “AMT Gain or Loss” column, there is also a “Partnership Basis” [22,060].
I do not see the extra 1099-B, but I do see Form 8949 with Box C checked.
It’s rather late, so I will come back to this in a day or so.
Thanks again!
