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Adjustment to Cost Basis on 1099-B
Hello, if one needs to adjust the cost basis from a 1099-B as gains are being reported on the W-2 as to not double count, what is the best way to do that in TurboTax? It seems the only way to adjust the cost basis is to select "Ill enter a summary for each sales category" which I see requires you to mail in your 1099-B to the IRS after e-filing. Is there another way to adjust the cost basis without having to mail in the 1099-B? Should one just select "Ill enter one sale at a time" and adjust the cost bases reported in Box 1e of the 1099-B? I believe doing this will not provide transparency on the adjustment being made so not sure what to do. Thank you
‎September 6, 2022
7:30 PM