I'm so sorry...this issue has been very confusing and I had too many questions in my posts.
Is it possible to "converse" with just one person until I can successfully get through all of the K-1 info?
To start over, I received a final K-1 for a limited partnership (non public), and I did NOT receive a 1099-B for it, and it was a land investment. I invested $ in it 3 years ago, and in 2021, the land was sold, and I received a final check from them and the partnership is now dissolved.
I have entered the information for this K-1 into TT, up to the purchase and sales dates.
The next form that comes up asks for the following information:
Regular Gain or Loss
Sale Price: Is this the final (one and only) check I received from the partnership when it ended?
Selling Expense:
Partnership Basis:
Ordinary Gain:
1250 Gain:
Can someone tell me what I should put in these boxes?
Thank you!
