I had a similar question earlier where the OP said that both were reported on a1099B as well as K-1 and this duplicated his/her income. I advised the OP to report the K-1 and not the 1099B but after reporting the K-1, to make sure that the information is reported as an investment sale on Schedule D and/or the 8949, if one is generated.
If so, do not report it as a Schedule B because it will duplicate the income.
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