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Business & farm
@PatriciaV Many thank for your responses. I have a similar predicament.
Still a little confused since I'm getting conflicting info so any help is much appreciated from anyone.
Our K-1 has the box "final K-1 checked" and it is a PTP.
Transactions reported on 1099-B so we don't want to report the sales on the K-1 in order
to avoid duplication.
We received the K-1 because we bought stocks (ETF's). The stocks were all bought and all sold last year (2021).
PatriciaV if I understood your response correctly the sell of all the stocks would be considered "sold our interest in the Partnership" and so we would choose "Disposed of a portion of my interest" and NOT "Complete disposition", correct?
March 22, 2022
7:01 AM