K-1 Sales Schedule Breakout

rodriguerex · Apr 15, 2023 3:34:19 AM

My PTP has a K-1 and also has a "Sales Schedule Breakout" for when I sold some of the shares last year. I used the same broker when I bought and sold the stock and downloaded the data from the broker into Turbo Tax. The sales break out had the data below. Where do I enter these amounts? Do I need to make adjustments to what the downloaded data went?Initial purchase price 174Cumulative adjustments to basis -105Cost basis 69Gain subject to recapture as ordinary income 93Cumulative adjustment to basis - adjustment for bonus -87Gain subject to recapture as ordinary income - adjusted for bonus 75(I have no idea what this stuff means and what "bonus" they are talking about. ) Thank you.

My PTP has a K-1 and also has a "Sales Schedule Breakout" for when I sold some of the shares last year. I used the same broker when I bought and sold the stock and downloaded the data from the broker into Turbo Tax. The sales break out had the data below. Where do I enter these amounts? Do I need to make adjustments to what the downloaded data went?

Initial purchase price 174

Cumulative adjustments to basis -105

Cost basis 69

Gain subject to recapture as ordinary income 93

Cumulative adjustment to basis - adjustment for bonus -87

Gain subject to recapture as ordinary income - adjusted for bonus 75

(I have no idea what this stuff means and what "bonus" they are talking about. )

Thank you.

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