I traded some stocks in 2021 and they were marked as NOT COVERED TAX LOTS (Box B checked) on 1099B
Then the stock company also mailed me the 1065 Form/Schedule-K with the sales schedule.
I imported 1099B to TT and TT automatically calculated the capital gain for these not covered stock transactions using the cost basis and proceeds recorded on 1099B, of course, these capital gain will be taxed.
But when I entered the Schedule-K and selected 'This is a publicly traded partnership', 'This partnership ended in 2021' , 'Complete disposition" and 'Sold partnership interest" . TT asked me to enter 'Sale Price' and 'Selling Expense'. Please see the screenshot below. I entered cost basis for Selling Expense, and Proceeds for Sale Price, but if so, the gain is taxed again.
I found if I selected 'No Entry' instead of 'Complete disposition'. I wouldn't be asked to Sale Information, but is it right?
