I bought and sold IEP in the same year, a few weeks apart. (my entire position)
I'm fine with just adjusting the -1207 to -1025 and paying the tax on the 1025 of income. (on my k-1 I have 20 in box 5 and in 6a I have 5, 20 in interest and 5 in div, so maybe that's where the 25 came from)
My last question, and thank you all for being very helpful - my box 16 is checked, it says schedule k-3 is attached if checked. However, it's not attached and it says it may not be available until September of 2023. From what I read, this only has to do with Foreign taxes paid or accrued, is this correct? I read in another forum to just uncheck this and when I get the k-3 later, if I need to amend I can, but more than likely the k-3 will have no impact on my taxes since my box 21 is 0.
Any guidance there would be appreciated!
