Hello, my husband bought and sold UNO in 2023, and he received 1099b and schedule K-1. I have problems in filing the tax for it. There are two 1099b, one is non-covered securities, with cost basis reported in form 8949. The sales price is 43,849, and cost basis is 43915. With some wash sales, the gain is $1,808. The other 1099b is aggregated loss on contract for 1256 contracts, and the total P/L is -429. The K-1 shows -2,372 in 11c. In the sales schedule, the initial basis is 43,283, the cumulative adjustment to basis is -2,423, and the cost basis is 40,860.
I think I should report both K-1, 1099b and 1256. In form 6781 line 1 I reported -2,372 from K-1 and -429 from 1099b. Is this correct?
I am not sure how to adjust the cost basis for 1099b. Shall I use 43,915 minus 2,423? Or shall I use 40,860? The cost basis in 1099b is different from the initial cost shown on K-1.
Any advice is welcome. Thank you!
