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Get your taxes done using TurboTax
@poncho_mike Did you actually receive a check for $179 in 2021, or just report it on your taxes? I ask because the $174 adjustment, plus the $4.11 cash consideration, are suspiciously close to $179.
If you didn't receive a check, but had to pay tax, then that raises your basis (reduces your Cap Gain). That might explain the $174 (which is an increase in your basis). I don't know what the $4.11 is unless you actually received that as cash at some point.
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**Note also, I'm not a Tax Preparer/CPA. Just a volunteer, seasoned, TurboTax user.
Use any advice accordingly!
**Note also, I'm not a Tax Preparer/CPA. Just a volunteer, seasoned, TurboTax user.
Use any advice accordingly!
‎September 30, 2023
11:45 AM