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March 25, 2025
Question

Sales price and Basic of partnership interest

  • March 25, 2025
  • 1 reply
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Cedar Fair/Six Flags merger July 1, 2024 and I got final Schedule K-1.  TurboTax asked me:

 

1)  Sales price (If Box 1a (4) - How acquired partnership interest  -> Purchased) is checked , enter estate valuation).  What should I put down?  Those are stock not estate??

2)  Basic of partnership interest?

 

Please advised me how to complete those 1-2 entries above

 

 

    1 reply

    April 2, 2025

    I recommend you refer to the following for information on how to report your final K-1 for Cedar Fair and how to calculate you basis in your partnership interest:

     

    Pre-Merger Cedar Fair, L.P.

     

    FAQs: Cedar Fair / Six Flags Merger

     

     

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