Response to info at the bottom of this article: My thoughts exactly. And here's another wrinkle. One of my clients reinvested his quarterly distributions since the original purchase in 2009, so there are 16+ "adjustments to basis" shown on his worksheet. Just for kicks, I added up their figures. They do NOT agree with the total provided at the bottom. On either of the worksheets provided. Oh well, I am not about to get into that... I have 2 more to do, one client who had two such LP's, combined into one in 2014, then caught in the liquidation. I just hope the basis adjs are for the combined accounts. Not to mention the other 17 LP's they sold (all energy related.)
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Sales Procees, cost basis etc.
Here is another article on this. I have the 2014 Sales Worksheet 1 & 2. Says in the article the conversion is reported as a sale regardless if the sold after conversation. That is where I am stuck. Boxes 4, 5, 7, 8 & 10 are blank on pg 1 of sales worksheet are blank. TP's 1099-B does not list the security as being sold now I need to look at TP's Nov & Dec 2014 monthly statements. I am hoping the 1099-B may have the cost basis. Is that wishful thinking?
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