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Get your taxes done using TurboTax
@bobp1426 You just add $820 to your cost basis on the 1099-B. So if you started at $2400, the correct value is $3220.
Its not a coincidence that this matches the "Withdrawals and Distributions" line on the K-1: the Partnership added $820 to your original basis, and when you sold your basis was sitting at $3220.
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**Note also, I'm not a Tax Preparer/CPA. Just a volunteer, seasoned, TurboTax user.
Use any advice accordingly!
**Note also, I'm not a Tax Preparer/CPA. Just a volunteer, seasoned, TurboTax user.
Use any advice accordingly!
‎April 11, 2021
8:41 AM