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E
epk
March 18, 2025
Solved

K-1 Sales

  • March 18, 2025
  • 1 reply
  • 0 views

My K-1 complete disposition involved both LT and ST sales. TT only allows one entry. How do I complete this transaction?

Best answer by PatriciaV

Basically, you need to report two sales for Form 1099-B, one for long-term and the other for short-term. 

 

This article provides step-by-step instructions for reporting the sale of PTP/MLP investments: How do I report the sale of Publicly Traded Partnerships (PTPs) or Master Limited Partnerships (MLPs) in TurboTax?

1 reply

M
Mike9241
March 18, 2025

are these publicly traded partnerships? special entries are required.  

E
epkAuthor
March 20, 2025

Mike, yes 1065 PTP Energy Products Partners and others as well final K-1s 

So I have LT sales and several ST dates, I am considering listing the ordinary income and zero the others, then go to 1099-B and adjust the Capital Gains/Loss there as I read you in another answer you provided. 

Would that be your solution to my problem?

PatriciaV
PatriciaVAnswer
March 20, 2025

Basically, you need to report two sales for Form 1099-B, one for long-term and the other for short-term. 

 

This article provides step-by-step instructions for reporting the sale of PTP/MLP investments: How do I report the sale of Publicly Traded Partnerships (PTPs) or Master Limited Partnerships (MLPs) in TurboTax?

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