epeterson
Returning Member

Investors & landlords

Yes my 1099-B reports sales proceeds as other than zero, and for multiple investments, not just for the two PTP's that are final.  That is why I was thinking that I needed to adjust the basis and report the sale information as I mentioned before as 0.

 

I believe that I have figured the adjusted cost basis correctly? I put the sales proceeds and the original purchase amounts from my 1099-B into the sales schedule. Since the cumulative adjustment is a negative, I deducted that from the original purchase price to get the adjusted cost basis. Is that correct?