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Capital gains from K-1
I had shares in a partnership that I sold in 2021. The sale shows up in a 1099 but the basis is not reported. I also received a K-1 for these shares. When I input the information into TurboTax, I am getting the capital gain from this sale double counted. How do I correct this in my inputs into the software? Should I delete the information on the sale from the 1099 and keep the information from the K-1? It seems that this may get rid of the double counting of the gain.
March 7, 2022
7:35 AM