I upgraded my TT from Deluxe to Premier.
I left everything blank in the K-1 section (from my original question). I selected "Complete Disposition", but then left the Sales Date and Purchase Date blank, as well as EVERYTHING on the following page regarding 'Regular Gain/Loss' and 'AMT Gain/Loss'.
Should I have filled out any of that information?
I then followed your directions to go to the Wages/Income section, and entered a new investment, saying "I'll enter one sale at a time".
The following items appeared, and I answered as shown:
Description: Land Sale
Date Sold: 12/17/2021 (This is the date of the check we received with final payment)
Date Acquired: 2/16/2018 (This is the date our check was received and accepted, according to a letter)
Sale proceeds: Do I put the amount of the check that we received on 12/17/2021?
Cost or other basis: Do I put the amount of the check we sent in on 2/16/2018? We did not send any additional $, nor did we receive any other $ except for this final check on 12/17/2021.
Holding period: Long Term (Box F)
Thank you!
