this was likle a Master Limited Partnership or Publicly Traded Partnership.
to properly report the sale and release any suspended losses. on the k-1 entries you must enter certain disposition info using the link.
what you report on here as the sales price is any ordinary income shown on the supplementary schedule it may be labeled section 751 ordinary income
for cost use 0 (zero) on the ordinary income line enter the sales amount. (this will eventually show up on form 4797. you do not report the capital gain/loss portion here. that's done through the brokers statement
the following should be on the supplemental schedule
a) original tax basis
b) reductions in tax basis
c) 751 ordinary income
your basis for schedule d (brokers statement reporting is a) less b) = c)
