You are getting the K-1 directly from the Limited Partnership because you have purchased shares in the limited partnership and you are now a partner. As a partner, the company is required to provide you with a K-1 showing your share of the income and expenses of the business.
You may also see information reported on your E-Trade consolidated 1099 with regard to the company.
Both the K-1 and any information on the consolidated 1099 must be reported as part of your tax return.
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