@Critter#2 Thank you! Just so I am clear- what I am doing then is entering everything from the 1099 B section, and in the K-1 section, I am selecting the following: "Describe the Partnership" Check boxes on 1) This is a PTP 2) Disposed a portion of my interest in the partnership during 2017
THen
on the "Tell us about your sale- what type of disposition was this?" I Selected "sold partnership interest"
Then
on the "Enter sales dates"
I put in Purchase Date "Various" <- this was bought on various different days several years ago
Sale Date: 3/24/2017 (all sold on the same date)
Then on the
"Enter Sale Information"
I am FORCED to enter in 0 in the following fields: "Sale Price, Partnership Basis" Else TT flags this and forces me to fix it. My concern is that this 0 amount flows into some form which will trigger a flag on the IRS side, since obviously it was not sold at $0 and basis was not $0.
I am leaving all other fields empty "Selling Expense, Ordinary Gain, 1250 Gain" I am leaving all of these empty.
Correct?
