Thank you for this answer. I have 7 K-1s and I’m a lot of different transactions related to these publicly traded partnerships on my 1099-B.
Also almost all of these transaction are showing up under the “cost not reported to IRS section of 1099-B type B” section. Any tips on computing the correct tax basis which then should be substituted for what's on the broker's statement? I have a ton of entries. I knew I felt like I was being taxed twice by having it on the k-1s and 1099-B without adjusting the cost basis. Thank you
