Question:
I have an individual owned public investment k-1 with a sale showing proceeds $17,945 with basis $11,282 sowing an ordinary income of $5,516 but states to enter on 8949. The sale on the 1099-B shows same proceed of $17,945 but basis of $21,048, a $3,103 8949 LT loss.
Are you saying to use the k-1 data that is supplement for basis vs. the 1099-B reported to IRS or enter in both sales transactions for the same sale?
