fruehling
Returning Member

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 StatementThis is the note received on K-1 Statement

 

Here is what I entered in TurboTax

This is what I have entered into turbotaxThis is what I have entered into turbotax

 

How far off am I?  Literally any words are greatly appreciated.