VPBC1
Level 3
05-17-2023
07:59 AM
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The P indicates it is a K-1 from a publicly traded partnership and the K-1 was issued to a partner who is holding it in his individual trust. His interest in that entity was sold in 2022 and the sale was reported in the capital gains of the Trust account. The question is whether the K-1 needs to reported separately on the individual return.