Irish22_CPA
Expert Alumni

Tax law changes

"I have received a K-1 for 2018, 2019, 2020, and 2021 and have entered the requested information from these K-1 forms every year in TurboTax."  --  This is great, and you will need this information. I will tell you why shortly.

 

"Are there instructions on how to fill out the TurboTax form requesting the Regular Gain/Loss and AMT Gain/Loss? I have no idea what to put on that page."  - Ignore this section. You will be entering the gain/loss in another area of Turbo Tax to assure it receives capital gain treatment.

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