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Get your taxes done using TurboTax
@Allencar -- Thanks for the suggestion. I'll factor this into future posts (assuming TT never fixes there MLP interview). But to make sure I get it right: 1) can you provide some numbers to illustrate how you wind up needing to enter a negative cost basis on the 1099-B and 2) was this a situation where you're capital account has gone negative, or your basis has dropped to 0 (so that past losses should have been limited)?
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**Note also, I'm not a Tax Preparer/CPA. Just a volunteer, seasoned, TurboTax user.
Use any advice accordingly!
**Note also, I'm not a Tax Preparer/CPA. Just a volunteer, seasoned, TurboTax user.
Use any advice accordingly!
‎June 7, 2019
4:02 PM