I am a Limited Partner in a Partnership that sold 100% of its ownership in a privately held company that qualifies for Qualified Small Business Stock (QSBS). This transaction resulted in a LT Capital Gain.
The K-1 presents it as Net Long Term Capital Gain with related footnotes. FYI - When this gain is taken out it would actually equal a LT Capital Loss.
There was no 1099-B for this sale.
Where / how do I report this?
