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Business & farm
"If you have a K-1 and a 1099-B for the same items and amounts you have two options.
- Enter the information from the K-1 and do not enter the 1099-B information.
- Enter the information from the 1099-B and do not enter the K-1 information.
Either of the methods will enter your information without any duplication."
Can we confirm this is accurate? I just got sent a LP K-1 one week before taxes are due and I am completely lost when attempting to enter in this K-1 info into Turbotax.
I did buy and sell these shares in the same tax year, and I see info for all of this on my 1099 that Robinhood sent. Due to the current circumstances, I think I might just stick to the 1099 and not involve this K-1 but I am unsure and lost as to what to do.
‎April 11, 2022
11:43 AM