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Get your taxes done using TurboTax
Hi @nexchap , in the folllowing:
In the 1099-B section, you'll have all the info needed to report the sale, except that your cost basis has to be adjusted for that -37 reported on the K-1. So if you bought for $100, your cost on the 1099-B would be $63
If I have multiple (4) transactions on my 1099-B, can I simply update the cost basis of one so that the total is -37 the one originally from the 1099-B (and the true one from my initial investment)?
Thank you
March 31, 2022
12:14 PM