About Bruce52

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Solved Re: Do I report the sale of partnership stock (K1 sold all shares) i...

Where is the "PTP" box?

Bruce52

1

Updated Mar 19, 2025
Re: I have fees coming this year as an estate executor. Do I need to...

If fees are less than $600 per year then no form is required. If $600 or over for a year then the estate issues Form 1099-MISC. No withholding is required. Sche...

Bruce52

1

Updated Jul 13, 2024
Solved Re: Intangible Drilling Costs

I believe that IDC can be amortized over 60 month period. The election is made on form 4562. The problem with deducting the entire amount is that they are a ta...

Bruce52

1

Updated Apr 01, 2024
Re: If all your shares were held long term, or short term, th...

Your biggest concern is suspended losses carried forward. If Turbotax did your return every year you received a K-1 then Turbotax should have a carryforward whi...

Bruce52

Updated Apr 09, 2023
Re: Selling master limited partnership?

You had gains each year your basis went negative. They should have been reported as capital gains on your return for that each year your distributions reduced y...

Bruce52

Updated Sep 06, 2021

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Date Registered	‎September 3, 2021 3:29 PM
Date Last Visited	‎September 20, 2024 4:47 PM
Total Messages Posted	6
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