Just to clarify, and no ESP: The K-1 for a MLP will always include a sales schedule which shows any transactions that occurred for the MLP. Those sales generate both ordinary income, and capital gains/losses, which are also broken out on the K-1. However, when it comes time to actually report the capital gains/losses, that info has to make it to a 1099-B.
Unfortunately, the K-1 interview has only limited ability to correctly create a new 1099-B. It won't do it right for partial sales, and it won't do it right for combined short and long term sales. So that's why I added this info: your answer only works in one case.
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**Note also, I'm not a Tax Preparer/CPA. Just a volunteer, seasoned, TurboTax user.
Use any advice accordingly!
