Investors & landlords

@userOne  To keep the K-1 interview from  messing up your return, on the Sales screen enter the Ordinary Gain on the appropriate line (you may have different numbers for Regular vs AMT), enter its inverse on the cost basis line (e.g., if Ord Gain is $100, cost basis is -100), and put 0 for Sales Price.  Now the K-1 won't create any new 1099-B entries.

 

For your cost basis, you'll adjust the value your broker provided on the 1099-B.  You'll be given the opportunity to make those changes in the interview, or you can just do it directly in 'forms' mode.

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**Note also, I'm not a Tax Preparer/CPA. Just a volunteer, seasoned, TurboTax user.
Use any advice accordingly!