My SVIX K-1 form had the following boxes filled:
Part II:
Box 12 J: all 0's
Box L:
Capital contributed: $60392
Current year net income (loss): -987
Withdrawals: $59,405
Part III:
Box 5: Interest Income: $15
Box 11C: Other Income: -977
Box 13AE: Other deductions: $25
Box 20A: $15
Box 20B: $25
I did receive 'Sales Schedule'. There was only one trade that Purchase Price/Initial Basis Amount and Cost Basis were different (-987). I guess that is the only trade that I need to adjust 1099B cost basis, correct? -987 was the only number on K-1 shown up on 'Sales Schedule'. How much cost basis should I adjust for that 1099B trade? Turbo Tax K-1 Step-by-Step interview seems to be complex. I don't understand many questions there.
@nexchap
