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Get your taxes done using TurboTax
If you follow the input forms correctly you will double report gains on the sale of a partial or full interest. The sale and cost data reported on the 1099 provided by your broker. The only material problem for owners of less than a few thousand shares is the loss carryforward in the individual partnership.
They should have a box that asks if this sale is reported by a broker on a 1099. In that case you should be able to click through the rest of the sale info and simply adjust the basis on Schedule D.
‎September 3, 2021
3:47 PM