@PAGB Yes. Another way to think about all this is to just focus on the cash going in and out of your account. When all the entries are done, you basically pay tax on the difference of cash in vs cash out.
So if you bought for $100, and sold for $250, you pay tax on $150 in profit. If it was a partnership, and they told you to adjust your basis by $6, you'd be paying tax on $156 in profit. The only way that's fair is if that $6 shows up somewhere else on your return, as a reduction in income.
That's what you made happen here.
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**Note also, I'm not a Tax Preparer/CPA. Just a volunteer, seasoned, TurboTax user.
Use any advice accordingly!
