George4Tacks
Level 15

In simple terms, TP  bought the "shares" of some LP. Brokerage knows what they paid and they show it on the 1099B. The 17K is give you an ability to now properly adjust that number and throw a couple more numbers on the tax return that will now properly reflect all of the tax shenanigans that the LP has done over the years. 


Here's wishing you many Happy Returns
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