Question

K-1 information

Forum|Forum|4 years ago
April 6, 2022
2 replies
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How do I enter multiple purchase or sale dates from a K-1, when the screen only gives me one space for each query?

@amy100564 You will need to enter a separate K-1 for each entry in boxes 1 through 3.

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A

amy100564Author

To clarify, I have one K-1 with three separate buy dates and one sell date, all within last year. How do I enter the multiple buy dates?

R

RobertB4444

@amy100564 The information on a K-1 does not include buy and sell dates. When entering the information into TurboTax you will enter the information in the boxes on the form. If you have buy and sell dates they should be reported to you an a form 1099-B which may even accompany your K-1 but would be entered as a 1099-B.

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N

nexchap

You can enter 'various' for the buy dates, but I don't know if TT will default to treating that as short term or long term.

However, the only reason this comes up in the K-1 interview is to handle the calculation of Cap Gain/Loss. You alternative is to just enter 0s in the K-1 screen regarding the sale info, and then handle the Cap Gain/Loss in the 1099-B interview.

**Say "Thanks" by clicking the thumb icon in a post**Note also, I'm not a Tax Preparer/CPA. Just a volunteer, seasoned, TurboTax user. Use any advice accordingly!