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Get your taxes done using TurboTax
Thanks for this solution. This did exactly what I needed. I entered as a short term sale with the amount in the proceeds and zero cost basis and a long-term sale with the amount in the cost basis and zero proceeds (both with the description of "Section 1061 Adjustment". I had to include sale and acquisition dates so I used the last day of the year for both. Worked like a charm, recharacterizing the long-term gain to a short term gain.
‎September 25, 2022
5:34 PM