The only trade that Purchase Price/Initial Basis Amount and Cost Basis were different on 'Sales Schedule' is as follows:
Purchase Price/Initial Basis Amount: 14,160
Cumulative Adjustments to Basis: -987
Cost Basis: 13,173
The same trade was reported on 1099B as follows:
Proceeds: 14,115
Cost or Other Basis: 14,160
What numbers should I put in the 'Partnership Basis' and 'Ordinary Gain' boxes on 'Enter Sale Information' screen using K-1 Step-by-Step interview? Thanks for the help!
