The sale can be reported through the K-1 screens or through the 1099-B entries.
You may choose to report both sales or the second sale through the IRS form 1099-B entries.
Be aware that...
See more...
The sale can be reported through the K-1 screens or through the 1099-B entries.
You may choose to report both sales or the second sale through the IRS form 1099-B entries.
Be aware that if:
At the screen Describe the Partnership, you report Disposed of a portion of my interest.... and
At the screen Tell Us About Your Sale you report Sold Partnership Interest,
the sale is being reported. You would not report the sale on IRS Form 1099-B Proceeds.
Within the K-1 entries,
at the screen Describe the Partnership, select This partnership ended in 2022, and
at the screen Describe Partnership Disposal, select No entry.
In this case, you would report the sale on IRS Form 1099-B Proceeds.
Make sure that the sale is not reported twice. Review the sale of the investment reported on IRS Form 8949 Sales and Other Dispositions of Capital Assets and IRS Form 1040 Schedule D Capital Gains and Losses.
To report the sale through the IRS form 1099-B entries, select Add investments under Investments and Savings and Stocks, Cryptocurrency, Mutual Funds, Bonds, Other.
You are able to view the entries at Tax Tools / Print Center / Print, save or preview this year's return.