When you sell your shares in a K-1 Partnership do you remove the buy and sell entry on Form 1099-B?

posted

Yes, you should enter the sale information only once. Your best option would be to enter the information only under the Schedule K-1 section. This allows TurboTax to use your historical basis and release any passive losses that may have been carried forward.

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https://ttlc.intuit.com/replies/6172415

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