DianeW777
Expert Alumni

Retirement tax questions

No, you are not required to report the same income twice. It's unclear why you would receive a 1099-B and a K1 for the same trades. Once you are confident this is duplicated income, report only one of them. Keep all documentation with notes in your tax file should you need it later.

 

You may consider consulting the company who issued the K1 and check the identifying number on each document.

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