qbteachmt
Level 15

"Not looking for rude comments."

And no one has made any. So far, things are intertwined with a confusing perspective.

Either the Partnership, as its own entity, owned the real estate and sold the building. or, the partnership, as its own entity, never owned the real estate, and only operated the Business held there. That's the issue surrounding the 1099-S. The building, if owned and sold by the Partnership, would have been part of the 1065. That would make any 1099-S with SSN on it, an incorrect document.

The partners would not likely have sold "the business" and inventory, AR, AP, etc. The Business was a Partnership, so the Partnership should have sold the Business operations, assets, liability, inventory, AR, AP. That means you account for none of this on the personal 1040 filings.

No one can help without the details they are asking about. You wanted some help, but only you know these details or you know where to ask to get these missing details. If you don't have the patience to ask and participate over an internet community discussion forum format, then you might try to find local mentoring on this.

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