Hi All,
How can I avoid double tax because Final K1 sale also reported on broker's 1099-B. There are questions/answers about this topic but am still confused with contradict answers. Should I delete the sale on 1099-B to avoid double tax? If I don't then turbotax counts both the gain in 1099-B and K1
Here is my K-1 sale info
- Units sold 136.856
- Sale date 5/6/2022
- Sales proceeds (enter amount from broker’s 1099-B
- Purchase price/initial basic amount 3410
- Cumulative adjustments to basic -397
- Cost basic 3013
- Percentage long term 100%
Here is 1099-B, (cost basic/gain loss not reported to IRS)
