ToddL99
Expert Alumni

Investors & landlords

You may still need to  enter the K-1 to report your share of the partnership's current year income/loss and deductions (Boxes 1 through 20). That is separate from the gain/loss information on the 1099-B.

 

If your K-1 does not report anything in boxes 1-20, then you don't need to enter it in your tax return.