Thank you for your help. I have a few follow-up questions below for clarification about entries in the K-1 questions.
1. Even though I made a few outright purchases and reinvested distributions, I make the purchase of date the first date I purchased any units?
2. I enter $0 as the sales proceeds and partnership basis for regular and AMT taxes? IN doing that, the "Review of Investment Gain/Loss on Sales" shows $0 short-term $0 long-term gain/losses.
3. The gain/loss on the sale and short-term/long-term amounts will be correct by adjusting the amounts on the broker statements by the items in the K-1 sales schedule?
4. The sales schedule has $0 sales proceeds for Form 8949, column D. Do I find this amount on the broker statement and then add it to Form 8949?
5. How get the ordinary gain and 1250 gain when they are not listed on Part III nor on the sales schedule?
6. How do I used these two statements to Box 20 of Part III:
- "Partnership Interest Disposition of gain/loss adjustment for Section 163(j)?
- "partnership Basis Items and Remedial Items for Section 163(j)?
