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schedule K1
I'm at a total loss on how to report the sale of this limited partnership. The partnership redeemed all of its units in 2025. I know to report it as a sale. But I'm not sure I am entering everything correctly in TT and answering the interview questions correctly. The limited partnership is part of a trust. The original investment came from two different accounts within the trust so I have 1099b's in two different accounts. One is for the $15,000 investment and the other for the $50,000 investment. Do I break the sale into 2 different sales - one for the $15000 and one for the $50,000?
Thursday