nexchap, I talked to E-Trade TAX center and they agree that they should report the PTP 1099B as Box B. But they do that only if the LLC tells them K-1 will be generated and reported to IRS. In my case, the LLC did not tell E-Trade about the K-1 form. I understand that if E-Trade does not send 1099B correction to IRS, and if I use your 2 steps process, there will be a difference between the basis of my schedule D 8949 form and IRS copy. But I am not sure if this will cause any problem. In your opinion, do you think I can still use your 2 step process or there is other workaround? Thank you so much.
