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The sale needs to be reported only once. This is very common with these interests in the partnerships (K-1 and 1099B).
I personally like to report it only in the K-1 section as my basis information is also there.
IRS is aware of the multiple reporting of these sales and will look for it in the matching program to prevent you from getting a letter from them.
Hello,
I finished 2020 tax return with 1099B. And I just received a K-1. do I need to adjust?
Thank you
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