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Tax question: The brokerage statement does not match the PTP
Tax question: The brokerage statement does not match the PTP sale. The overall units are correct, but the acquisition dates are different. Which one should I use for calculating the gain? Please see t… read more
Barbara
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I have sold an MLP. The ba. I have sold an MLP. The
I have sold an MLP. The “Adjsutments to Basis” shown on the gain/loss calculation is a negative number. I sold for much less than I paid for the MLP. Does that negative basis adjustment make my loss greater or less? … read more
Carter McBride
Carter McBride
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I bought and sold a limited partnership ( symbol USO) in my
Hi , I bought and sold a limited partnership ( symbol USO) in my brokerage account and made a capital gain of 200,000 which was reported on my 1099. In addition for the same transaction I received for… read more
Lev
Lev
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Bachelor's Degree Equivalent
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A taxpayer received two 1099-'s from two different
A taxpayer received two 1099-B's from two different brokerage firms:One reports like this: Brokerage firm 1.Proceeds (column A Cost Basis (column B) Adjustments wash sales( Col C) Gain or loss(Col D) … read more
Mark Taylor
Mark Taylor
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Sold employer stock options in 2015. The net amount from the transaction was reported on my w2 as income. I have a 1099 b from the stock brokerage company that did the stock option transaction. It sho… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
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Lev
Lev
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I have a schedule K-1 from partnership(This is actually an ETF stock I bought). I don'
I have a schedule K-1 from partnership(This is actually an ETF stock I bought). I don't know how to file it with my tax return. It has an amount at line 11. code C. Instruction said put it in form 678… read more
USTaxAdvising
USTaxAdvising
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I am doing my taxes and am trying to figure out the K! from
I am doing my taxes and am trying to figure out the K! from an MLP. I sold my shares in this MLP back in Feb of 2014. I have had the sahres since Oct.2011. I entered the sale and purchase gain from th… read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
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I use turbo tax to do my taxes. I sold my partnership interest
I use turbo tax to do my taxes. I sold my partnership interest Feb 24, 2009 I had $65,000 in subordinated debt, and I received $35,000 for my units at the end of 2008 my capital account balance was $(… read more
BK-CPA
BK-CPA
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I bought and sold stock (units) in the United States Oil Fund,
I bought and sold stock (units) in the United States Oil Fund, L.P. and the United States Natural Gas Fund, L.P. on the stock market in 2009. I began the year with no units and sold all units by year-… read more
MequonCPA
MequonCPA
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I sold units in a number of Publicly Traded Partnerships in
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Jon Andrews
Jon Andrews
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I held a Publicly Traded Partnership for a number of years
I held a Publicly Traded Partnership for a number of years and filled out the 1065s every year. In 2009, I sold the entire interest and then later in 2009 bought back in. I received a K-1 for the part… read more
Jon Andrews
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i bought and sold a limited partnership publicly traded stock.
i bought and sold a limited partnership publicly traded stock. I received a 1099B from my broker as well as a schedule K-1. In turbo tax i entered the 1099B info and was taxed on the capital gains. wh… read more
jgordosea
jgordosea
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Hello, If my schedule k has a negative number of 243,000
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JKCPA
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My 2007 1120S did not include $37 on Schedule L line 18 for
My 2007 1120S did not include $37 on Schedule L line 18 for credit card payable. I am preparing the 2008 1120S and cannot get Schedule L to balance. What entry do I need to make to correct this?… read more
JKCPA
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I am trustee of our Family Trust which was established when
I am trustee of our Family Trust which was established when my wife passed away in 2004. One of the assets was an interest in a Real Estate Limited Partnership. It had appreciated a great deal and its… read more
jgordosea
jgordosea
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I am thinking of selling my interest in a HUD Section ...
I am thinking of selling my interest in a HUD Section 8 Limited Partnership. I put in $43000 in the 80''s. The capital account on the 2007 K-1 is about negative $91000. The sale price is $22000. Would… read more
jgordosea
jgordosea
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Bachelor's Degree
2,885 satisfied customers
I have a schedule K-1. I entered all the info for part 3 of ...
I have a schedule K-1. I entered all the info for part 3 of that form. This increased my tax quite a bit. I also sold some of the units. (us nat gas fund UNG). I reported those on form 1099B. As the c… read more
Jim Revels
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