LeonardS
Expert Alumni

Deductions & credits

Form 1099-S is an informational form that is used to prepare your tax return.  In your situation, the information on your Form 1099-S is a duplicate of your K-1.   Only enter the information on your K-1 you do not enter the same information from your 1099-S.  This will not cause any issues with the IRS when you file your return.

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