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Get your taxes done using TurboTax
The brokers 1099-B is unlikely to be accurate: they don't see your K-1. That's why col 5 shows up on your K-1. You have to account for that $252 in your return. You've handled $64 of that (the Ord Income). The other $188 would typically show up as additional Cap Gain by adjusting your cost basis on the 1099-B
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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!
March 9, 2022
12:37 PM