Thanks everyone! This thread has been very useful but I still have some questions.
When I will change my basis on 1099B wouldn't I end up paying taxes on any dividend distribution received from partnership? As those are the biggest chunk of the cumulative adjustments... But, I'm already reporting these in the 1099-div from my broker...
In your example, in my case the -33 are the dividends I received (also in past years) , reported in last year 1099 div and again this year.
Am I looking at this wrongly? Do I need to adjust my cumulative adjustment to basis to not include those values if reported elsewhere?
Thanks for any help
