Actually this was an ETF. I'm not sure why I am getting a K-1 for an ETF, but I am. I should provide some more info: Schwab *is* reporting the cost basis along with the capital gains on the 1099 to the IRS. So if I adjust it, it will be contrary to the info they see (it has a note right below the cost basis on the ETF clarifying that it's reported). Does that change your advice? Thanks for the reply.
