You'll need to sign in or create an account to connect with an expert.
No. The amount doesn’t affect your tax liability. It reduces your cost basis in your asset which your financial institution should track.
usually if line 3 is changed there's a change to another line. if the security was sold during 2023, then you should also have received a corrected 1099-B because the originally reported tax basis is wrong.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
byrd82
New Member
bmccart
Level 1
ken-schult
New Member
japantek
Level 1
chrismtrezza
Returning Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.