I am continuing this thread for 2023 taxes. I sold all ET shares (all 3 partnerships). Again, I filled in the boxes as above with the negative value of the ordinary gain in the Partnership Basis box, and I entered a sale price of 0.
Is there some place in Turbo Tax (TT) where the Partner Basis is being tracked over the years? The Partner's instructions for Schedule K-1 has a worksheet for Adjusting the Basis of a Partner's Interest in the Partnership. I've been thinking that TT is keeping track and carrying information forward each year. Am I wrong and/or is this final sale going to be calculated appropriately by TT?
