BrittanyS
Expert Alumni

Investors & landlords

To enter a Sale of MLP in TurboTax online, you will follow these steps:

 

  1. Click Wage and Income
  2. Scroll down to S-corps, Partnerships, and Trusts, Click Show More
  3. Click Start next to Schedule K-1
  4. Click Start next to Partnership/LLC (Form 1065)
  5. Click Add
  6. Enter the Partnership Name and Address
  7. Indicate if the partner is a retirement plan
  8. Choose Limited Partner or General Partner
  9. Choose a Domestic Partner or Foreign Partner
  10. Enter the percentage of your share
  11. Enter your liability share
  12. Enter the Capital Account Information
  13. Choose Disposed of a portion of my interest in the partnership during 2022
  14. Choose Sold Partnership Interest
  15. Enter Sale Information
  16. Finish the remaining interview questions

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