CatinaT1
Employee Tax Expert

Get your taxes done using TurboTax

A K-1 (Form 1065) is completely different and separate from a 1099-B.  One does not have anything to do with the other.  If you enter them as they are under the appropriate areas, you shouldn't have any trouble.  You will enter each form individually,

 

The K-1 is reporting your portion of the Partnership income and expenses.  A 1099-B is reporting stock sales, including when you purchased and sold in order to determine if the gain/loss is long term or short term; the original cost and the sale price in order to determine if you have a gain or a loss.

 

The easiest way to get to these areas in TurboTax is to use the search feature in the upper right where the magnifying glass is.  Search for 1099-B and then click the "Jump to" link in the search results.  Same with the K-1, but instead search for K-1.

 

 

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