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Business & farm
Hi,
do the brokers HAVE to report it as B or E? Ameritrade correctly reported as B and E (same partnership, different sales) but Robinhood reported as D (same partnership). I contacted them about it and they didn't want to change the 1099B, saying "we cannot know what it has to be" and "just use K1", and "we don't even actually report it to IRS".
Did I need them to report it correctly? Or can I just change basis, (as I did) and now it will show on taxes as an adjustment... while the Ameritrade ones correctly only show the amended basis, but no adjustment (in column g in form 8949)? Judging from note on form 8949 I should be ok, but double guessing myself now...
Thanks all
March 27, 2023
7:34 AM