epeterson
Returning Member

Final Form 1065 K-1 and 1099-B Cost Basis adjustment

I received a Final Form 1065 K-1 and a 1099-B. I have entered them both with entering the sales price as 0 and the gain as 0 in the walkthrough on the k-1. Have I done this correct? I entered the information that my broker gave me on the 1099-B...do I need to do change the cost to an adjusted cost basis on the 1099-B due to the schedule on the K-1? I am not sure where they have gotten their purchase price/Initial Basis amount from on my ownership schedules...the numbers are slightly different than mine. Or do I leave the numbers on the 1099-B as I received them.