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Hi @Mike9241
After re-reading your answer in the steps 10 and 11 above, I went back and enter 0 in the "Enter Sale Information" section and then after that the Form 8949 (copy 2) disappeared in form mode.
I was able to adjust the imported 1099B from my broker (using TT Desktop). I adjusted each line of UVXY by following your formula:
# of shares reported as sold on the line x (-3058)
total shares sold
I have sold a total of 975 shares, so on line with 450 shares of UVXY sold, it would be
450*(-3058) / 975 = -1411.38 <=== adjustment value
- With this value, I applied the adjustment to the UVXY line with 450 shares on the imported 1099B and clicked on "The cost basis is incorrect or missing on my 1099‑B" checkbox.
- It would take me to the "We noticed there's an issue with your cost basis...Let us know if you'd like to make any changes"
- I chose "I know my cost basis and need to make an adjustment" and added my actual cost basis
- For the actual cost basis, I had to add this value by the original reported cost basis, which is 9313.16. So the actual cost basis is 9313.16 + 1411.38 = 10724.54
- After that I would get Capital Gain/Loss Adjustments Worksheet (attached image below). Notice the -1411.38 adjusted value.
- I did the same for the 3 other lines with different shares of UVXY, so in total I got 4 worksheets.
- I noticed Form 8949 (Copy 1) line 2 (totals) were updated after I did this adjustment.
I calculated after adjustment of 4 lines of UVXY, my net gain was adjusted to 1139.
Can you help me check if this the correct way to do the adjustment on my 1099B form, specially item #4 above? I'm hoping to file this amendment tomorrow 🙏
I also checked the K-1 disposition link (in form mode), in part II (disposition of partnership Interest), lines 5 to 12 are 0 (line 6 and 11 are blank though).
