Thank you DianeW777,
Just so I am clear - with my numbers above - when I update the 1099-B, the cost basis would go to 200 and the sale would be 200; therefore there would be 0 capital gains for the 1099-B, but the taxes would come from the K-1 entries and from the Current Year Net Income (loss) from box L on the 1065 form. Correct?
Thanks again!
