First off let me be clear I have also posted this question in the TurboTax community (I got flamed for not stated such before)
In 2010 I purchased a gas master limited partnership, Inergy, in my Merrill Lynch account. I sold it in 2012.
each year they send a K-1, which I have input in TT under Business Investments Income.
I imported my activity for the year from Merrill Lynch into Turbo Tax, which reports the sale of this partnership with date, proceeds, cost basis, gain/loss under investment income, stocks, mutual funds, bonds.
Now filling out the K-1 info in TurboTax, if I mark I have disposed of the partnership, it starts asking bunch of questions the sale of the partnership, sales price, partnership basis, ordinary gain, 1250 gain.
both places or should I?