I do options trading, so my broker sends me a long detailed 1099-B with all the transactions for 2023.
One of the ETFs for which I held shares during 2023 is managed as a partnership, so that manager also sends me a K-1.
I know that to avoid duplicating the gain/loss, I have to adjust the gain/loss on the 1099-B. I find the amount to adjust the gain/loss by the amount in the K-1, Part II, secion "L", the amount on the line "Current year net income (loss)", in my case a positive $909.
I have 2 questions:
1. Can you confirm that the basis adjustment is made on the "Form 1099-B Worksheet"?
2. If on the "Form 1099-B Worksheet", which field to "override": "Gain/Loss", "Adjustment Amount", or "Adj(Gain/Loss)"?
