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Schedule K-1 Partnership Additional Info
I have some final K-1's for a limited partnership (not public) that I entered into TT. I selected them as "Complete Disposition". An additional page in TT appeared requesting Regular Gain/Loss and AMT Gain/Loss amounts.
I was told in a separate post that I could IGNORE this page, and instead put the gain/loss information in another section of TT (Federal->Wages&Income-> Investment Income section). I added the information in that section instead.
Now, when I go to REVIEW, there are some errors that pop up. One is under the Schedule K-1 Partnership Additional Info worksheet. It says I must enter an amount for Part II Line 7 Regular (Basis of partnership interest in the 'Regular' column).
What am I supposed to put in this column?
I expect that it will ask me to enter additional info elsewhere, once I put something here, since I have more errors.