HI There:
If the 1099-S lists the partnership EIN number and if the amount of gain on sale is reported per the K 1 then you don't have to do anything. Also, You mentioned distributed which could be different than a K 1 reporting gain of sale.
However if the 1099S lists your individual SSN# then it would be good form to report the sale on your individual tax return with 1099S representing sales proceeds and basis equaling cost of the investment in addition to other applicable gross up's such as gains reported on K1.
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