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Level 1
October 15, 2020

capitac gains

  • October 15, 2020
  • 1 reply
  • 1 view

the k-1 the taxpayer received notice that adjustments have to be made to the c.g. as per brokerage statement.because of basis considerations from sales of partnership interests . how and where do I enter them?

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    1 reply

    dkh
    Level 15
    October 16, 2020

    Did the taxpayer already file a 1040 return with K1 from partnership and now they've received information that the K1 information has been adjusted?   If yes, you'll need to do an amended return - change the K1 entries to match with revised K1.