Thanks for your help and I think I'm zeroing on it.
OK, sounds good about lower taxes due to short and long term rates, but what do I do with the 1099-B? If I adjusting the 1099-B cost basis to get back to $1,950 Total Return is not the best method, then what to do adjust the Cost Basis on the 1099-B?
The Original Cost basis on the 1099-B was $2,400. It sounds like I should increase the Cost Basis until I have a lost of $120 (difference between 1099-B $700 and K-1 $820). Is that what you're suggesting? Please put up some values if not correct assumption. Thanks again
