Take me couple days to find how to it correctly.
For 8849 correct Cost Basic + Cumulate Adjustment to Basic (mostly negative number) + Ordinary Income
That the cost basic use for 1099-B
You $10,000.00 when purchase the stock and sold for $15,000.00
K1 Cumulate Adjustment to Basic -($3000.00) Ordinary Income or gain $5,000.00
AMTGAIN/LOSSADJUSTMENT -($300)
$10,000 + -($3,000) + $5,000 = $12,000
When enter 1099 -B 1e $12,000.00
Select "cost basic incorrect or missing on my 1099-B
K -1 Enter Sale Information.
Sale price $0
Partner basic -($5000) ATM Gain/loss $300
Ordinary gain $5000 ATM Gain/loss -($300)
It should do it.
and enter all the info for K-1
When get to Describe Partnership
Select passive activity loss from last year
All my investment at risk.
Go back to all the previous K1 - from PTP you sale add all number from line 1 and enter it.
It should balance the gain sale stock and received capital gain from PTP, might be a little different.
Hope this help. good luck.
