was the investment a publicly traded partnership? if so the 1099 is wrong as to basis and is should be in the section basis not reported to irs. along with k-1 there should be a separate worksheet to calculate your gain/loss on sale including any ordinary income recapture. substitute the basis from the worksheet so your capital gain/loss is correct. check final k-1 (if you sold all) on k-1 worksheet. any the box that applies then click on the quickzoom icon to enter disposal info. another window will open complete part II read the note below #4
however, i can't give you difinitive instructions of how or where to show ordinary gain. it supposed to appear on 4797 part II line 10. and then there's the question as to whether or not this is QBI.
