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EDUCATION CENTER
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agq
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stranger
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Reged: 03/31/12
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Posts: 1
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K-1 basis adjustment
#781 - 03/31/12 07:40 PM
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I received K-1's for various commodity etfs I traded last year. Using Tradelog I can adjust my cost basis to match the adjustments on the K-1. Assuming we get corrected 1099-B's at a later date, will these K-1 basis adjustments also end up causing a basis reconciliation compared to what is reported on the final 1099-b's (meaning the brokers will not make same adjustments). If this is correct what is the best way to handle the discrepancy in the end? Thank you for providing a great resource related to these new tax rules.
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