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Get your taxes done using TurboTax
This adjustment cost basis is very confusing.
Shares Sold: 22
Total Proceeds: 583.44
Adjust Cost Basis and Adjustment Amount (ordinary Income): $416.02
I entered the following:
When I checked the box "An adjustment is required for a reason already covered and enter $416.02. The amount I owe increased from $104 to $253. Do I have to check this box?
‎April 11, 2023
5:00 PM