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Is there an updated solution for this scenario? I have similar issue. 1099B reporting capital loss (Box B). K-1 schedule showing reduced Cost basis with Cumulative Adjustment to Basis that would result in short capital gain if compared to the sales proceeds from 1099B. There are no ordinary gains reported in the sales schedule. I do see in Part III these info: 5)interest income=1, 11) other income= -420 and 13)other deduction = 5. Not sure if that should be used to calculate ordinary gains.
‎April 1, 2021
8:26 AM