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April 6, 2025
Question

Sale of Publicly Traded LP with K1

  • April 6, 2025
  • 1 reply
  • 0 views

I am considering the sale of a publicly traded LP that issues an annual K1.

 

The K1 Provider has an Estimated Gain/Loss Calculator that shows Selling Price, Purchase Price, Cumulative Adjustment, Total Gain, Ordinary Gain, Capital Gain and AMT Adjustment.

 

How can I estimate the tax consequence of a potential sale with respect to Ordinary Income and Capital Gains that I would need to report?

    1 reply

    April 6, 2025

    see this link - guidance on next year calcs. it should give you a REASONABLE approximation. 

    https://ttlc.intuit.com/community/taxes/discussion/what-if-scenarios-and-year-round-access-to-turbo-tax-with-projections/00/2357841