K-1 information

[amy100564]

How do I enter multiple purchase or sale dates from a K-1, when the screen only gives me one space for each query?

[RobertB4444]

@amy100564  You will need to enter a separate K-1 for each entry in boxes 1 through 3.

[amy100564]

To clarify, I have one K-1 with three separate buy dates and one sell date, all within last year.  How do I enter the multiple buy dates?

[RobertB4444]

@amy100564  The information on a K-1 does not include buy and sell dates.  When entering the information into TurboTax you will enter the information in the boxes on the form.  If you have buy and sell dates they should be reported to you an a form 1099-B which may even accompany your K-1 but would be entered as a 1099-B.

[nexchap]

You can enter 'various' for the buy dates, but I don't know if TT will default to treating that as short term or long term.

However, the only reason this comes up in the K-1 interview is to handle the calculation of Cap Gain/Loss.  You alternative is to just enter 0s in the K-1 screen regarding the sale info, and then handle the Cap Gain/Loss in the 1099-B interview.

[amy100564]

So the buy and sell dates are available on the K-1's Transaction Schedule, and they correspond to the dates indicated on the 1099-B details on our consolidated brokerage statement.  At any rate, Turbo Tax still has a page that asks for the buy and sell date of the LP, and only offers one box for each date.  I have three buy dates and one sell date.  How do I enter three buy dates?