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This happens very often, then you get a K-1 that shows the sale, and then also get a 1099B.
I like to show the sale in the K-1 section, as it has my capital account there.
However, you can show it in 1099B investment sale section, or the K-1 section.
Only show the sale once, and keep the information in your tax file.
If the K-1 has income or expenses for your share while you owned it, you would still need to enter that part, just not the sale information as it is already reported.
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