- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Business & farm
As I mentioned previously, there is more than one way to get to the correct result. One is to adjust the cost basis on the 1099-B. The other is to make an adjustment to the cost basis that you calculate when entering your K-1 information. I mentioned adjusting the cost basis from the 1099-B, because they usually don't show the correct cost basis for a PTP. It's a very simple adjustment to make.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
‎April 5, 2021
6:41 PM