epeterson
Returning Member

Investors & landlords

I did mark the K-1 as final and then put the sale price and the partnership basis as 0. So would I then change the 1099-b (as there is several investments on it not just this one PTP)  and put the amount figured on my sales schedule to the corrected cost basis? Doing this has increased the amount that I owe and I want to make sure I am not doing it wrong