I invested in a couple of commodity funds that issue k-1s.
I have successfully entered the k-1 information into turbotax, but where I am confused is what modifications I should be making on Schedule D.
The imported data from my broker reports sales proceeds but no cost basis. The cost basis on my 1099 differs from the cost basis on the Sales Schedule I received from the Fund.
I just want to verify - is the cost basis I should be entering as a Turbotax entry the figure shown in box 7 under "cost basis" in the sales schedule given me by the fund and NOT the one on the 1099 issued by my broker?
Thank you for your help.
