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Level 2

Solved

On the schedule k1 how do i enter both short term and long term capital gains when buy date is various over two years and sale date is various or current year

Forum|Forum|7 years ago
June 3, 2019
6 replies
75 views

Broker shows various dates both on long term page and on short term page for same limited partnership. K-1 form only allows one entry date for buy and sell dates

TurboTax Premier Mac

Best answer by Rick19744

If the statement just indicates various for either a buy or sell or both, just use a date that will generate LT or ST so it will agree with the 1099-B.

Answer

Level 13

If the statement just indicates various for either a buy or sell or both, just use a date that will generate LT or ST so it will agree with the 1099-B.

*A reminder that posts in a forum such as this do not constitute tax advice.Also keep in mind the date of replies, as tax law changes.

bretrowerAuthor

Level 2

1099B shows both LT and ST for same LP. K-1 can only show ST or LT not both. I flip a coin.