@Rone3 On your questions:
- I'm not sure how you made the adjustment, so hard to answer. If the 1099-B was code B or E, there's no need for any adjustment code: you just change the Cost Basis value directly on the 1099-B. If it was code A or D, then open the 1099-B (in forms mode), click the cost basis of the transaction to be adjusted and a magnifying glass appears next to the field. Click that and you'll open a Capital Gain Adjustments Worksheet. Check the first box in Part III (Specific Adjustments), enter the corrected basis, and the code and adjustment should fill in.
- In the interview a screen shows up asking about passive losses from prior years. It will grab the info from last year's return, but if that's wrong (e.g., missing a bunch of years) just change the values to reflect your earlier K-1s.
- Sched E, p2, is the correct form for Partnerships. Page 1 is for Rentals and Royalties.
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**Note also, I'm not a Tax Preparer/CPA. Just a volunteer, seasoned, TurboTax user.
Use any advice accordingly!
