Investors & landlords

@Boyan  Yes, the basis should be entered as it is reported on K-1, not negative. The program will subtract that basis from the sale price to calculate your capital gain. You can verify the capital gain on Schedule D.

 

In my example on Schedule D line 9: 2,607 - 640 = 1,967. Where 640 is the corrected cost basis from K-1.