I received a Final K1 with an Ending Capital Account amount with a positive 39,400. I also have a Net Section 1231 gain of 132,339. My understanding is that I should be able to offset the 1231 Gain with my Ending Capital Account amount. If this is correct where in TT would I enter the 39,400? When reviewing past posts someone responded and said to enter zero when TT asked what is the sale price, and enter in Cost basis as the Ending Capital Account amount. Not sure if this is correct. Thanks for any help.
