I've read that 1099B and K-1 provides two of the identical sales except that K-1 will be missing the sale proceeds and 1099B doesn't have the correct basis.
I plan to remove the line in 1099B sales and simply add in the K-1 section to remove duplicate sale.
Question is do I simply use the 1099B sale price and K-1 Cost basis from Cost Basis (Purchase Price - Cumulative Adjustments To Basis) which is the Form 8949 Column E?
The reason I ask is that the purchase price/initial basis amount is higher than the 1099B which reduces my gains. A little worried about this.
Is this correct? What constitutes the increase in cost basis?
