Yes you subtract Other Property Distributionsand your Cost Basis will EQUAL my Sales Proceeds and you will have a zero Capital Gain/Loss.
See IRSDetermination ...
I'm sorry I will be off shift then. I can recheck tomorrow. The steps in Desktop will be very similar. Give it a try and let me know. Or you can call in - we do...
In the Sale of Investment Section enter Sales price to equal the amount of the check you received from the LP upon dissolution.
For purchase price enter the ad...
Now lets record the sale. I'm presuming you are in Turbo Tax Online.:
Click on Federal > Wages & IncomeIn the Investment Income section click on the Start/Revi...
