Question
Should TTax be using the information from K-1 Form 1065 Part II Line L "Partners Capital Account Analysis" for 1099-B income?
K-1 part II Line L is showing net income of $$$ and part III Line 11C is showing $$$. The difference between these two amounts is the expenses in line13W plus lines 5 and 5A dividend and interest income. When TTax fills in form 6781 it uses both part II Line L and part III Line 11C amounts for the net gain which doesn't seem right.
