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capitac gains

yankel
Level 1

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 Comment 1
dkh
Level 15

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.

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