Question
Where to enter a Partnership basis in ProSeries Basic
The K-1 (1065) is showing a gain on the sale of client's partnership interest on line 9a. This amount is the gross taxable amount. I can not figure out in ProSeries Basis where to enter the basis for this sale to offset the gross gain listed in box 9a.
In Part 2 of KIP Additional Info 2 there is a section for Disposition of Partnership Interest where you can enter the basis on line 7 but when I enter the sales price on line 5 (reentering the same amount that appears on box 9a of K1) it seems to be double-counting the gross sale.
