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@Fou65000 Nothing you enter in the K-1 will change or affect the 1099-B. When you update the 1099-B, you'd enter 'Various' there as well. The IRS doesn't care that there were multiple dates -- only that the correct short term vs long term totals are provided.
While the partnership sends copies of the K-1s to the IRS, I don't know if the Transaction Schedule is part of that filing. Regardless, the IRS isn't going to reconcile dates. Multiple short (or long) term transactions are frequently added together on 1099-Bs, so 'Various' is a standard entry.
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**Note also, I'm not a Tax Preparer/CPA. Just a volunteer, seasoned, TurboTax user.
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**Note also, I'm not a Tax Preparer/CPA. Just a volunteer, seasoned, TurboTax user.
Use any advice accordingly!
‎April 20, 2021
12:57 PM