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a17
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For the same ETF transaction, I received both 1099B and K1, so the gain/loss is duplicated. It seems I need to adjust the cost basis? Is Code B in column 1(f) correct?

 
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1 Reply

For the same ETF transaction, I received both 1099B and K1, so the gain/loss is duplicated. It seems I need to adjust the cost basis? Is Code B in column 1(f) correct?

Don't duplicate.  Use one or the other.  If you need to make adjustments, you are supposed to use the K-1 info.  If you downloaded the 1099B sales, just delete that transaction.

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