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Investors & landlords
@nexchap
Yeah, Robinhood mentioned it as Code D in 1099-B form (i.e. Basis is provided to the IRS). I will try to contact them but I'm not sure If they will correct it and I will get an updated tax document from them before 18th April deadline. Is it still ok to modify the cost basis or delete the entry in such a case?
So which Sales entry I should keep -
1. Leave everything in K-1 Sales section as blank. And manually adjust the cost basis in corresponding Robinhood USO sale entries.
2. OR, enter the K-1 sales sections while using the Proceeds amount from RobinHood 1099-B form and delete the 1099-B entries made by RobinHood for USO.
‎April 10, 2022
6:25 PM