How do I report if partnership shares were sold in 2019? Items on the "Sale information" are not all available in the Schedule K-1 Sale Schedule.

[nathaliequintero]

I'm having trouble finding how to report that the partnership was sold. Do i have to click "This partnership ended in 2019" to reflect that the shares were sold? After clicking this option it prompts Sales Dates (which i have multiple dates for purchase and sale) which one it is recommended to be reflected? Additionally, the Schedule K-1, came with a Sale Schedule, and the information provided reflects that values  should be included in Form 8949. How do i know the Turbotax software will capture this information in the correct reporting form? The "Sale information" section in turbotax asks for information not all reflected in the Schedule K-1, where can we find the additional information to fill in these fields?

[DavidS127]

In the K-1 entry section, there is a screen "Describe the Partnership".  On that screen is a line you need to check for "Disposed of a portion of my partnership interest in 2019".  When you check that box, TurboTax will present you with the questions to report the disposition and correctly report the gain on your tax return.

Click the "magnifying glass Search" icon on the top row, enter "k-1" in the search window and press return or enter, and then click on the "Jump to k-1" link to begin edit the entry for your Schedule K-1.

Here is a screenshot of the TurboTax screen you are looking for:

[Rick19744]

One of the more important pieces of information that will be needed is your basis in your partnership interest.  Hopefully you have maintained this information.  Unless you have this, you will not be able to determine your overall gain or loss on this investment.