I completely sold a REIT security in 2019 which issues a K-1.
When I imported tax forms from my brokerage using TurboTax, it massively bumped up my capital gains, as the brokerage reported my cost basis for this holding as zero. I therefore need to enter the K-1 (Form 1065) information for this security.
My question is, does entering K-1 data automatically enter Schedule D info (the security was completely exited therefore there was a capital gain)?
Or, should I first delete the Schedule D entries which show zero cost basis first, and then enter the K-1 data?
