I acquired shares of a PTP in 2016 and sold in January 2017. I have a loss of about $1300, and it would be short-term. It is a passive activity. I wonder whether I need to report the info in Part III of the K-1 since I sold the PTP?
Also, the PTP reports amounts in both box 1 and 2 of Part III. It appears that I need to report two K-1s, even though it is one partnership. Do I report all the sale information on both forms?
