Taxes-by-Rocky
Level 7

Christine, not sure if you are referring to a PTP transaction.

See instructions to Box 19A (distribution of marketable securities).

Partner's Instructions for Schedule K-1 (Form 1065) (2020) | Internal Revenue Service (irs.gov)

Does your partner have a gain from the sale or exchange of their partnership interest....requiring a look through for hot assets, etc.?  Some states might tax such gain/income.

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