See separately the questions about "stock/stock options" versus your mention of a Form 1065 K-1.
To report the long-term gain for a distribution in excess of basis (distribution up to your basis is not taxable), click the "magnifying glass Search" icon on the top row, enter "investment sales" in the search window and press return or enter, and then click on the "Jump to investment sales" link. After Yes you sold, and No for 1099-B, choose "Everything Else". Enter a description (e.g., Distribution in Excess of Basis), the amount in excess of your basis, and the date you received the distribution. Your cost basis will be zero for the amount in excess of your basis.
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