MarilynG1
Expert Alumni

Get your taxes done using TurboTax

If all your shares were held long term, or short term, then you can just follow the prompts in the K-1 interview section.  It will put everything in the right place, AND it will create a 1099-B for the cap gain/loss portion of the sale.  I emphasize the "AND" because this is a problem if you also imported the 1099-B from your broker for this sale.  In that case, you'd either want to delete the imported 1099-B, or set the cost equal to the proceeds so that there's no double-counting of gains.

 

Here's a discussion  with more info on Reporting K-1 and 1099-B.

  

@icefyre123 

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