Re: 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.
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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.
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.
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.