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Get your taxes done using TurboTax
Yes, you would report the correct cost basis for your sales. The broker does not always have the detailed information for cost basis so they report what they have and know. It's very common to adjust the cost basis to the appropriate and correct figures. Be sure to use the gross sales on the 1099-B and adjust cost basis to your actual costs for the property/asset sold/traded.
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March 20, 2023
9:18 AM
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