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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)
March 24, 2022
11:27 AM