I was hoping you could tell me how to figure out the cost basis from the sale of MLPs in 2018? I sold all my shares and understand that I have to adjust the cost basis on Form 1099-B to the corrected basis. Is this information provided on the Sales Schedule I received with my K1? If so, how would I use the different numbers to arrive at an adjusted basis?
Also, I sold all the shares in one MLP this year but on two different dates. When I figure out the correct cost basis could I proportion it out over the two sales? I would divide the cost basis by the total shares I owned and then apply that cost per share to each sale. Would this be correct?
Thanks for all the help.
