you sold A PTP
you enter the k-1
in the k-1 section indicate complete disposition then use the link to enter the disposition info
on the k-1 you do not enter the 1099-B reporting. the only thing that gets entered here is "sales price" which will show up on a supplemental schedule as ordinary income or section 751 income. this flows to form 4797
that's the sales price for this section
cost=0
ordinary income is the same as the sales price
when you sell a pTP there is a substantial amount that is treated as ordinary income and not capital gains. this gets added to the tax basis provided to determine tax basis for capital gain loss/purposes.
with this oridary income add to tax basis yo can actually end up with a cpaitallos
oh, besides this there is the QBI info that needs to be enrter. usually in box 20 (or sometin=mes scedure A- it may say 199A income)
that gets enter in a separate section of the k-1
good luck.
in the 1099-b section you must correct the cost.
there should be a sales schedule provided that will allow you to computer your correct tax basis.
