Online version. Does the IRS require the "adjustment" amounts in column F/g for MLP sale items, or can I just adjust the original basis to reflect the necessary K1 items from the sales schedule included in the K1.
It is my understanding that adjusted basis for MLP sales is....... original basis(from broker) - cumulative adjustment to basis(k1) , + ordinary gain(k1) = correct cost basis. Is this correct in your opinion? Thanks
