enbaquero
New Member

1099S (real estate sale) and K-1 for same rental property

I received a 1099S for the sale of a rental property owned by a partnership, for which I also received a K-1.  The K-1 distributed the total income and proceeds of the sale.  What do I do with the 1099S?  How do I let IRS know the K-1 includes this transaction and that the 1099s would duplicate it?

 

thanks.

Edgar