Wow... Thanks for all the informative posts... But I have a nuance... I was told by accountants in turbo tax to input the sales data and purchase data in the K1 and delete the brokerage statements..That was the approach I was taken, then I discovered a partnership whereby I have both long-term and short term gains. In that cased and I just the data in the k1 for the short term, and enter the long terms sales in the schedule D? There I can report the sales and the adjusted basis... Will this work?
