the k-1 the taxpayer received notice that adjustments have to be made to the c.g. as per brokerage statement.because of basis considerations from sales of partnership interests . how and where do I enter them?
Did the taxpayer already file a 1040 return with K1 from partnership and now they've received information that the K1 information has been adjusted? If yes, you'll need to do an amended return - change the K1 entries to match with revised K1.
