If you transferred your capital out of one investment into another, you will report the first investment as "sold or disposed of" for zero dollars. From the IRS' perspective, you received a final distribution from the first investment and used that "money" to buy your second investment. This may trigger a tax gain or loss, depending on your basis in the first investment. Be sure you complete the Capital Account Information (see screenshot below - click to enlarge) during the K-1 interview for both investments.
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