Skip to main content
TurboTax
Community
TurboTax
Community
TurboTax
Community
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
Employee
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?

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"
    TurboTax Sign In Widget
    TurboTax flag icon

    Unlock tailored help options in your account

    Create an account
    TurboTax Expert Assist
    TurboTax Expert

    Get answers to all your tax questions

    Our experts are available on-demand, no appointment needed. Get help all year long with TurboTax Expert Assist.

    Terms & ConditionsCookie settingsAccessibility statement
    Intuit
    TurboTax Credit Karma QuickBooks MailChimp

    ©1997-2022 Intuit, Inc. All rights reserved.
    Intuit, QuickBooks, QB, TurboTax, ProConnect, and Mint are registered trademarks
    of Intuit Inc. Terms and conditions, features, support, pricing, and service options
    subject to change without notice.

    Security Certification of the TurboTax Online application has been performed by
    C-Level Security.

    By accessing and using this page you agree to the Terms of Use.

    Accessibility

    TRUSTe nResult Certified e-File C-Level Security Certification