When you sell your shares in a K-1 Partnership do you remove the buy and sell entry on Form 1099-B?

m2997 — Tue, 04 Jun 2019 19:59:28 GMT

Yes, you should enter the sale information only once. You...

PatriciaV — Tue, 04 Jun 2019 19:59:29 GMT

Yes, you should enter the sale information only once. Your best option would be to enter the information only under the Schedule K-1 section. This allows TurboTax to use your historical basis and release any passive losses that may have been carried forward.

See this discussion:

https://ttlc.intuit.com/replies/6172415

topic When you sell your shares in a K-1 Partnership do you remove the buy and sell entry on Form 1099-B? in Business & farm

When you sell your shares in a K-1 Partnership do you remove the buy and sell entry on Form 1099-B?

Yes, you should enter the sale information only once. You...