Thanks a lot Mike!
Still I don't understand how to correctly report the sale proceeds (for capital gain) in Form 1099-B in TurboTax.
When using the step-by-step wizard, under "what type of investment did you sell", there is no "Partnerships" option.
I tried choosing "Stocks" but it does not seem quite right.
And if editing form 8949 directly, there is no way to way to specify "Code X" which according to my broker "IRS Instructions require Unknown Term transactions to be assigned Code X for reporting on Form 8949."
