RobertB4444
Expert Alumni

Get your taxes done using TurboTax

You need to treat these as entirely separate transactions.  The amounts being reported to you on the 1099-B are not the same amounts reported on the K-1.  At least they shouldn't be.  You should be reporting the 1099-Bs each exactly as they are on the forms in the section for 1099-B and the K-1 in the section for K-1s exactly as that is printed.  

 

@blueaggue 

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