HopeS
Expert Alumni

Business & farm

If the K-1 form does not show any income or loss and you report the gain/loss correctly on your form 1099-B entry, you might be ok excluding the K-1 from your return. However, if this is a Final K-1, you should include this in your return and indicate "Final" when prompted in the K-1 Interview.

 

Please review your Form 1099-B to see if it correctly reflects these sales.


@MWAN001 

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