topic In 21 I bought some stock and sold it shortly thereafter - that company issued a K-1 - will this have any effect on Turbo Tax doing my taxes for me in Investors & landlords

In 21 I bought some stock and sold it shortly thereafter - that company issued a K-1 - will this have any effect on Turbo Tax doing my taxes for me

ttideasy — Tue, 10 Mar 2026 06:15:52 GMT

Re: In 21 I bought some stock and sold it shortly thereafter - that company issued a K-1 - will this have any effect on Turbo Tax doing my taxes for me

Mike9241 — Fri, 02 Sep 2022 04:52:42 GMT

i assume 2021. yes, it will affect your taxes. the k-1 items need to be reported on your tax return and the sale needs to be reported. however, the broker's statement probably does not reflect your actual tax basis because the activity of the partnership must be taken into account plus, if this was a partnership, section 751 ordinary income which would likely be reported in box 20 or on a separate schedule included with the k-1

Re: In 21 I bought some stock and sold it shortly thereafter - that company issued a K-1 - will this have any effect on Turbo Tax doing my taxes for me

rjs — Fri, 02 Sep 2022 17:30:31 GMT

Are you asking whether you will be able to use TurboTax because you have a Schedule K-1? Yes, TurboTax Online Premier or Self-Employed will allow you to enter the Schedule K-1.