You definitely enter all the K-1 info. In the K-1 sale section, you can leave everything blank (or 0). This will make sure the other K-1 entries are categorized correctly.
On the 1099-B interview, you'd change the cost basis to 5000. Note that the 1099-B from Robinhood should be code B or E (meaning cost NOT reported to IRS). If they didn't code it that way, they made a mistake because they can't know the correct cost basis. You might be able to get the to correct it, but if not you still need to make the correction yourself. In the unlikely case that the IRS ever sends an inquiry about it, the K-1 is all you need to explain why you made the change.
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**Note also, I'm not a Tax Preparer/CPA. Just a volunteer, seasoned, TurboTax user.
Use any advice accordingly!
