hmosbergea
Level 3
05-10-2021
08:32 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
PTP purchased and sold in 2020.
k-1 Line 11C = -3767 (Instructions:report on Form 6781)
Short Term @ 40% (-1507) Long Term @ 60% (-2260).
K-1 ownership sales schedule:
700 shares Purchase Price = 3734, Cumulative Adjustments to Basis = -3769,
Cost Basis = -35.
But, brokerage statement, Form 1099B, doesn't agree.
200 shares Proceeds = 558, Cost Basis = 1170.
700 shares Proceeds = 1953, Cost Basis = 3734.
Don't know where the additional 200 shares came from or what adjustments to make on Form 8949.
Any suggestions?
Best Answer Click here
Labels