Get your taxes done using TurboTax

Get help from a local professional to get the books set up correctly, the partnership return done correctly and get educated on how this all works.   Normally the partnership would never 1099 one of the partners however if you have a separate business that does work for the partnership it could be issued a 1099 however that is an expense to the partnership and would not be reported on the K-1 at all ... so again seek local help to get this corrected.