@nexchapyou are correct the 1099-B basis is same for all 3 scenarios. It is $13,821.87 (after adjustment from the K1 sales schedule) instead of $10,640.87 from ...
This software is driving me crazy I might just go to a CPA😫 I did comparison of 3 scenarios:1. No K-12."0 for sales, partnership basis set to the inverse of th...
Thank you @nexchap. When I use your method I owe more than $1K extra vs the "Enter 0 for sales, Enter 0 for basis". Since the new cost basis is$13,821.87 instea...
@nexchap$13,828.87 actually $13,821.87 😀 makes sense. So I need to put the $13,821.87 instead of $10,640.87?Also it look like I should put Partnership Basis as...
@Mike9241Thank you. I entered the 9,798 for the ordinary gain and then went into the form and it actually says to enter 0 on sales price and 0 on Partnership Ba...
