Need help with k-1 that's total loss

[navi2582]

I bought pre-ipo shares of a xyz company in 2021 via equityzen. this xyz company shut it doors in 2022 and resulted in total loss of equity. equityzen issued k-1 for this in 2023.

Here's what I did so far,

Describe the Partnership --> this partnership ended in 2023

Describe Partnership Disposal --> complete disposition

Tell Us About Your Sale --> liquidated partnership interest

Enter sales dates --> entered purchased date in 2021 and sold date in 2022 (found on equityzen website)

I'm not sure what to enter here in this section?

Enter Sale Information

 Reguluar Gain or Loss                                                        AMT Gain or loss

Sale Price
	Selling Expense
	Partnership Basis Learn More		Partnership Basis
	Ordinary Gain Learn More		Ordinary Gain
	1250 Gain Learn More		1250 Gain

Please help..

[RobertB4444]

In a sale of an investment you pay taxes on the profit you make on the sale.  So, in order to figure out what the profit is, you need to enter the sale price (the amount that you sold it for) and the basis (the amount that you paid for it).  You also need to enter any expenses that you had (selling fees etc.).

The system will then figure out the gain (profit).  It is also asking for the AMT amount which is probably the same as the regular amount in your case.  The section 1250 gain is a gain from the sale of real estate and rental property.  So if the partnership had any of that then enter that there as well.

@navi2582