Where is Partnership Basis found on Schedule K-1
I have a Schedule K-1 (Form 1065) to report. TT handles this form quite nicely under Business Income. Most of the information is easy to enter. However, I reach a page entitled Enter Sale Prices. Under Regular Gain or Loss, it asks for "Sale Price" and "Partnership Basis". I would suppose that would be... respectively... "Gross Proceeds" and "Cost Basis" as labeled on my 1099-B. But if so, then I would be duplicating a Purchase and Sale. It would end up in Form 8949 with Schedule D from the 1099-B and then also in Form 6781 from Schedule K-1. That would not do. And I Must enter it into 8949 and Schedule D from 1099-B. Or, per my earlier question, does "Sale Price" and "Partnership Basis" mean something different? What's the answer to this dilemma?