Business & farm

@desperado You shouldn't need to estimate anything, since the sales schedule will tell you which lots are sold, and how much is short/long.  Note that there's an IRS Ruling 84-53 which says that "a partner has a single unified basis in their Partnership interest".  That means that all shares, regardless of when acquired, have the same basis.  To make that happen, a sale of shares is treated as though you sold proportionally from each lot (so if you sell 60% of your shares, the partnership treats it as a sale of 60% from lot 1, 60% from lot 2, etc).  They then give you the long/short % to use in adjusting your 1099-B.

**Say "Thanks" by clicking the thumb icon in a post
**Note also, I'm not a Tax Preparer/CPA. Just a volunteer, seasoned, TurboTax user.
Use any advice accordingly!