For DBA and DBC, both PTPs, my 1099-B 1e, cost basis, does not equal the purchase price on my K-1 sales schedule.
Facts:
* 1099-B basis method is actual cost
* 1099-B has box A checked, basis is reported to the IRS
* K-1 Sales Schedule basis method is "unified basis", which I interpret as average cost, consistent with IRS Revenue Ruling 84-53
Conclusion:
The difference in basis between 1099-B and K-1 is due to differing basis methods.
Questions:
* Does this matter? I need to adjust the basis regardless on a 8949; rather than adding the "cumulative adjustment to basis" provided by my K-1 sales schedule, I would correct the basis to whatever the K-1 sales schedule shows. Example: K-1 purchase price = 936, adjustment = 26, basis = 962, 1099-B basis = 1029 -> I should simply adjust the basis on the 8949 down from 1029 to 962.
* Should I call Fidelity, my broker, and ask them to stop reporting basis for these PTPs to the IRS?
* Should I call Fidelity and ask them to covert basis method for these PTPs to average cost?
