@BobC01 Both returns would contain a 1099-B entry where the revenue matches what the broker supplied, so that's good. The only difference between the 2 returns would be
- one puts the correct cost directly onto that broker supplied 1099-B
- the other sets the broker 1099-B to the sales price to 0 out the Cap Gain, then adds a totally new 1099-B (code C or F) to show the Cap Gain.
I have no idea if either of those would trigger anything, but the 2nd seems unnecessarily complex. Besides, if you're ever asked how you calculated the Cap Gain, you'll have all the records necessary.
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**Note also, I'm not a Tax Preparer/CPA. Just a volunteer, seasoned, TurboTax user.
Use any advice accordingly!
