PAGB
Level 4

Business & farm

 

Thank You for answering.

 

Yes this is a limited partnership. And we are using the info in Column 5  (Cumulative Adjustment to Basis) of our Sch K-1 to adjust the basis of the sales of the stocks for reporting on 8949.

 

I went ahead and chose "All of my investment is at risk". I only had a (negative) value in box 11 (code C) and all other boxes are empty.

 

The 'Your Income' page now shows :

 

Sch K-1 shows 0.00$

 

Contracts and Straddles shows the amount (a loss) shown in Box 11 (code C)

 

@GeorgeM777