PatriciaV
Expert Alumni

Get your taxes done using TurboTax

Your best option is to report Form 1099-B using the correct cost basis and not the sales information from Schedule K-1. You may need to change to "not reported" if you use a different cost basis.

 

Schedule K-1 reports the amount of withdrawal/adjustment that brings your account to zero, while the 1099-B may include sales costs that aren't recorded by the PTP.

 

 

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