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Get your taxes done using TurboTax
The adjusted basis amount is the basis of the trust when you sold it. If the basis has changed from your original basis then you will need to manually change from the original basis to the basis amount(adjusted basis) when you sold the trust. This is because you may have taken distributions amounts during the time you owned the trust that would have reduced your original basis.
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March 23, 2023
8:31 AM
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