Responses:
In my initial reply, the 1099-B that you received should be entered into TT so you don't potentially get a matching notice.
However, the actual 109...
A few follow-up questions / comments:
Where did the ordinary gain figure come from?
This figure should be reported to you in the K-1 information
You should...
@Chrisgmitchell
I can't open either of your attachments for some reason
Don't use the cumulative income / loss. These items relate to when the decedent held th...
Follow-up thoughts:
I'm not sure what (B) cumulative adjustment to basis represents
What I recommended previously, is take your $6,000 beginning stepped up bas...
This may warrant a one on one with a tax professional to help you navigate the "correct" gain or loss:
As noted by@M-MTaxwhen you inherited the PTP interest, y...
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