I sold and equity which is reported on 1099-B and also received a Schedule K 1065, which one should i report? Schedule K shows gains whereas it was loss.

282

Level 15

Apr 9, 2022 1:57:17 PM

both the 1099-B and k-1.

if the 1099-B reflects the sale of the partnership, then it's likely the basis reported on the 1099-B would need adjustment.