newtok1
Returning Member

Investors & landlords

@nexchap i have a similar question

 

I received K1 for USO. I acquired and sold all the shares in 2020.

I also imported 1099 from my broker. 

 

After going through the interview I see the loss  -110 listed twice on 8949. 

 

Do I enter 0 in sales price and 0 in partnership basis on"Enter Sale Information " screen during K1 interview So it does not count the loss twice?

 

my ordinary gain is 0, so that is why I think I should be setting the basis to 0 per your other thread. 

My cumulative adjustment to basis is 0.