I own 5% in an LLC. I have received K-1s each year. In 2016, I sold my 5% share to one of the existing members. How in TurboTax should I report this? I tried to report it as an investment sale but was forced to select No on the question of whether I received a 1099-B.
In reviewing the Forms, it correctly put it on Schedule D, but I'm still thinking it should go elsewhere in TurboTax so as to not create the erroneous other worksheets associated with selling traditional investments.
Should I be entering this info in a different section?
Thanks!
