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K-1 Sold interest - 1245 recapture - capital gain - how to enter in turbotax?
I'm really trying but I think I've reached the ceiling of my brain on this one. I have accounted for all but the
- "CAPITAL GAIN" line
- "SECTION 1245 RECAPTURE" line.
I *think* that 1231 gain is supposed to increase my basis, so I just added them together.
If anyone can guide me what I need to do with these two other lines, and tell me if I messed up anything else.
Here is what is in the K-1 Statement
This is the note received on K-1 Statement
Here is what I entered in TurboTax
This is what I have entered into turbotax
How far off am I? Literally any words are greatly appreciated.
Topics:
‎April 7, 2024
1:18 PM