Called Mgmt Co that held my partnership shares that I sold. They provided my last k-1, but said no 1099b. How do I enter my loss?

[JohnnyJack1]

I have online turbo tax.  After entering the final K-1 my taxes due went up.  I have a substantial loss. Note:  This fund does not trade in the open mkt. I purchased it from a Mgmt Co.

[Mike9241]

when you get to the K-1 interview steps you.  you indicate 1) final k-1; 2) you disposed of your interest;  3)sold the partnership interest; 4) purchase and sales date; 5) sales price, tax basis any ordinary income recapture reported on a supplemental schedule (there may not be any).  then you'll be asked to actually enter the k-1 data.