Because, as the grantor, an individual is responsible for paying income taxes on any income the trust assets generate. The income coming from the partnership ca...
I am continuing this thread for 2023 taxes. I sold all ET shares (all 3 partnerships). Again, I filled in the boxes as above with the negative value of the ordi...
I live in North Carolina, a non-conforming state. I am trying to figure out the various Depreciation entries on the K-1 and Sales Worksheet as a partner in a PT...
I am correlating your $100 with the Sales Proceeds on the Sales Worksheet column 3, as well as the 1099-B column 1d. I'm correlating your $80 with the Sales Wor...
