@nexchap I think I may have this wrong in my script:
- If the K-1 shows a loss, I will increase the amount of the 1099-B cost basis by that amount so I'm not paying taxes on the K-1 loss.
I just read that for a loss, you need to subtract the amount of the loss from the 1099-b (i.e., 1099-B cost basis + (- K-1 loss)); for a loss shown on the K-1, adjusted cost basis from the 1099-B will be lower. Can you please confirm? I don't want this wrong in the thread for others.
