Investors & landlords

You'll handle the sale in both the K-1 interview and in the 1099-B. 

In the K-1 interview, you only handle any Ordinary Income (if you have it).  You force any calculation of Cap Gain to 0.  There's no way to handle a short-term/long-term split here, but that doesn't matter for Ord Income.

In the 1099-B interview, you'll handle the actual Cap Gain, adjusting your cost basis as required to get the right Cap Gain.

Here's a longer discussion that addresses many, many follow-up questions:  https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/how-i-report-the-sale...

If you have other questions, you can post back on this thread or on that one.