Anonymous
Not applicable

Business & farm

I guessing that this is a publicly traded partnership (PTP) bought and sold thru a brokerage.

if so, you have to be careful if your importing data from brokerage 1099-B because the sale will already be there (the basis reported will be wrong)


make sure on k-1 that you check final and partner sold interest in 2018. use quickzoom to get to TT disposition worksheet.  go to part II and enter info use 0 for selling price  and 0 for basis.  then you can go to 1099-B worksheet and enter  sales and basis  - 2 entries needed  1- short term 1 long -term.  delete the brokers info

or you can just change the basis the broker is reporting 


basically the same approach even if not a PTP


be careful if a because often part of the gain is ordinary. A PTP will provide a sales schedule for this.  a non-ptp should/will report as supplemental info any ordinary gain. 

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