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Form 8949 shows incorrect basis for sale not reported on 1099-B
I redeemed my interest in a limited partnership directly with the LP itself, and received a K-1 from the partnership, but no 1099-B from the broker. In TurboTax, I completed the K-1 input pages, noting that I disposed of my interest. I entered the proceeds from the sale and the partnership basis. The next page in the K-1 section correctly showed the difference between the proceeds and basis. However, while reviewing the completed forms prior to filing, I noticed that Form 8949 Part II (with Box F checked) shows the proceeds and the basis as the exact same amount. It does not correctly show the basis that I entered earlier. What can I do to get that basis updated?
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March 25, 2021
1:31 PM