DavidD66
Expert Alumni

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.

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