Thank you very much, PatriciaV,
Good you replied back to my post, I lost the track of my own post and couldn't find it on Forum anywhere until you replied. I book marked the post this time.
I have been doing a lot studing on this PTP K-1 filing and I think almost there. Just want to understand why I am getting different tax results with the following cost adjustments:
1)- If I use the K-1 cumulative adjust basis ( K-1 sales transaction schedule colume #6 ) to add on to my original trading transaction cost, use this as the adjusted cost basis for each transaction, I am getting tasx result #1.
2)- If I just use the K-1 Cost Basis ( Transaction schedule #7 ) as the adjusted adjusted cost basis for each transaction, I am getting tax result #2.
Tax #2 is lower than tax #1, which I thought they should be the same or very close. But anyway, which way is the correct way to use to be my adjusted cost basis for UVIX transaction then ?
Please kindly advise and thank you very much in advance.
Best,
JohnZ
