I received multiple Final K-1s through my deposition of these partnerships as a limited partner.
None-zero gain/loss (long term) was realized from K-1 X, and $0 gain/loss (short term) was realized from K-1 Y (basis = sale price). I also have short term transactions from an unrelated 1099-B Z.
When I generated the file forms, I see that my 8949 part I (short-term) has the transactions from 1099-B Z, but not my $0-gain transaction from K-1 Y. I do see the long term transaction from my K-1 X in part II (long-term). Form 8949 does state if you have more than one type of Box A, B, or C you must include a separate 8949 to record transactions of each type.
My K-1 Y would be a short term transaction not reported on Form 1099-B, so given I also have 1099-B I technically should have another 8949 entry to record K-1 Y. But TurboTax is not doing this. If I had to guess it may be that there is no gain/loss ($0) realized. Because the long-term K-1 X was recorded just fine (albeit it had a non-zero gain). Should I try to manually attach another 8949 to record the $0 proceed from K-1 Y (assuming this is possible in TT)? Or should I just leave it be, given that there's no gain/losses?
In my schedule K-1 worksheet for K-1 Y I can see all the deposition info entered (acquire date, sale date, sale price, basis), same as K-1 X, so I'm puzzled as to why only Y is omitted in 8949.
UPDATE: I just tried to mess around with K-1 Y by giving it a none-zero gain/loss and a separate 8949 was generated! I also modified K-1 X so would have a net 0 gain and it also disappeared from 8949. I know $0 gain/loss is not very common in stocks and such, but is it correct that they would not be entered into 8949? So is this a bug? I do not think a transaction result in $0 gain/loss should be omitted?
