JeffreyR77
Expert Alumni

Business & farm

First determine what the correct cost basis is. 

 

The 1099-B likely reports the most accurate proceeds amount received when sold. 

 

It is also likely the business captured more accurately the costs of sale so your K1 is likely the most accurate record of gain. 

 

If this is the case, you should delete the ETF transaction reported on the 1099-B as duplicative reporting what is reported on your K1.