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Final K-1 (Form 1065), Form 8949, Transactions reported on 1099-B
I have my final K-1 form, this has the adjusted cost basis for the investments I sold this year. My brokerage has included these transactions on 1099-B as E - Long-term transactions reported Form 1099-B showing basis wasn't reported to the IRS. I am not including the brokerage reported transactions, but using the K-1 to report this sale. (Form 1065)
When TurboTax generates Form 8949 for these transactions "option F- Long-term transactions not reported to you on Form 1099-B" is checked. This needs to be "option E - Long-term transactions reported Form 1099-B showing basis wasn't reported to the IRS". I am unable to edit Form 8949 or change the reporting basis in another way.
Please help.
March 19, 2023
10:21 AM