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Get your taxes done using TurboTax
Correct, you are reporting the sale on the IRS Form 1099-B Proceeds.
So, within the K-1 entries,
- at the screen Describe the Partnership, select This partnership ended in 2021, and
- at the screen Describe Partnership Disposal, select No entry.
Review the sale of the investment reported on IRS Form 8949 Sales and Other Dispositions of Capital Assets and IRS Form 1040 Schedule D Capital Gains and Losses.
You are able to view the entries at Tax Tools / Print Center / Print, save or preview this year's return.
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March 22, 2022
3:37 PM