JamesG1
Expert Alumni

Business & farm

Report the sale in only one place.  Retain all paperwork should a tax authority have a question at a later time.

 

The record of the partnership K-1 sale may occur through the K-1 screens or through the IRS form 1099-B entry screens.  You would not report both.

 

Be aware that if:

 

  • At the screen Describe the Partnership, you report Disposed of a portion of my interest.... and
  • At the screen Tell Us About Your Sale you reported Sold Partnership Interest,

the sale is being reported.

 

See also this TurboTax Help.

 

 

@whmoa

[Edited 04/09/25 | 9:30 pm PST]

 

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