K1 partnership.LLC. I'm a limited partner (g) domestic partner (h).I did not contribute property with a built-in gain or loss.I was given shares of stock.report?

[harv777]

I was given shares of stock in my company.  I'm considered a limited partner (g) domestic partner (h) according to the K1.  Partner's share of profit, loss, and capital all read VAR ( I believe value at risk). did not contribute property with a built-in gain or loss ( according to M).   

How do I report this in turbotax?

[AmandaR1]

The shares refer to the legal structure, but for taxes all you need to do is enter your schedule K-1.  When you sell your shares or shares pay you dividends, you may get other tax forms, such form 1099-DIV. 

Typically your capital contributed is the only value at risk in your LLC. To enter in TurboTax while in your return, type schedule K-1 in the top right search box and select the first 'jump to' link. 

If you have a more specific question, please comment it below. 

[GoIrish49]

My K-1 has block M (contribution of property..) checked "No".  Does this mean that in TurboTax Premier, I should leave the box unchecked in the section for Describing the Partnership: All My Investment is at Risk..