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ElMendo
Level 2
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  • Mike2491-I split the K-1 into two pieces and followed the procedure that you laid out to enter the transaction into TurboTax, It worked perfectly. The 1231 loss...
    ElMendo
    Updated Aug 01, 2024
  • I triesd your suggestion. I disposed of the entire partnership covered by the k-1. It did not work. No 4797 was generated and the 1231 loss was not recognized c...
    ElMendo
    3
    Updated Aug 01, 2024
  • Good thought and I think I have enough info to provide the numbers. However, Turbotax only provides the option to dispose of a partnership interest rather than ...
    ElMendo
    Updated Aug 01, 2024
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