1223531
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Form K-1 Item M (Attaching Statement)

On Form K-1 for Item M, the IRS instructions state...

 

"If you have contributed property with a built-in gain or loss during the tax year, the partnership will check the “Yes” box. Also, the partnership will attach a statement showing the property contributed, the date of the contribution, and the amount of any built-in gain or loss. "

 

Is there a specific format for the statement? Or do I just make an excel sheet showing the information they're requesting, and attach it as a PDF to my return?

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply

Form K-1 Item M (Attaching Statement)

The procedure you delineated should work fine. 

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question