Help please, please ! I am not sure am I understand it correctly or not.
For my sale of the share, on my K-1, purchase price /initial basis amount: $200, cumulative adjustments to basis: $180, cost basic: $380.
on my 1099B: 1d-proceeds&6-reported Gross: $450, cost or other basis: $250, Gain or loss: $200.
so the real cost basis is purchased price $200+ cumulative adjustment $180 = $380? And I should replace the cost basis $250 at the 1099B with $380?
And my real gain is: sale price $450 — purchase price $200 — cumulative adjustment $180 = $70. And I should adjust the 1099B also?
